08/03/2026
๐๐ผ ๐๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐ฎ ๐ฑ๐ผ๐ด-๐ฐ๐ฒ๐ป๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐, ๐ฏ๐๐ ๐ฑ๐ผ๐ปโ๐ ๐ธ๐ป๐ผ๐ ๐ฎ๐ฏ๐ผ๐๐ ๐ฎ๐ฐ๐ฐ๐ผ๐๐ป๐๐ถ๐ป๐ด? ๐๐ฒ๐ฟ๐ฒ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฏ๐ฎ๐๐ถ๐ฐ๐:
๐ฃ๐ถ๐ฐ๐ธ ๐ฎ ๐ด๐ผ๐ผ๐ฑ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐ป๐ฎ๐บ๐ฒ
Spend a little time searching the Internet for a name no one else is using. Pick something that stands out. You will need this name to register your business with the state.
๐ฅ๐ฒ๐ด๐ถ๐๐๐ฒ๐ฟ ๐๐ผ๐๐ฟ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐
In Oregon, it costs $50 to register an assumed business name or $100 to register an LLC. Either way, the state issues you a number which youโll need to open a bank account. Also check with your city & county to see if you need a business license. In Portland, this is free.
๐๐ฒ๐ ๐ฎ ๐๐ฒ๐ฝ๐ฎ๐ฟ๐ฎ๐๐ฒ ๐ฏ๐ฎ๐ป๐ธ ๐ฎ๐ฐ๐ฐ๐ผ๐๐ป๐ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐
The most common mistake Iโve seen with new businesses is using a personal bank account for business income and expenses. Donโt do this! Instead, open an account under your business name and put a little startup money into it. Use that money to buy any supplies or marketing materials you might need. Come tax time, youโll be glad you did this.
๐ฆ๐๐ฎ๐ฟ๐ ๐ธ๐ฒ๐ฒ๐ฝ๐ถ๐ป๐ด ๐๐ฟ๐ฎ๐ฐ๐ธ ๐ผ๐ณ ๐๐ผ๐๐ฟ ๐บ๐ผ๐ป๐ฒ๐
If you donโt want to spend money on accounting software, create a simple spreadsheet to record things. Stick to money going into and out of your business โ no personal expenses. Eventually, youโll want to invest in software like QuickBooks Online, but at first a simple spreadsheet can work if youโre on a tight budget.
๐๐๐๐ ๐ข๐ค๐ง๐ ๐๐ฃ๐๐ค๐ง๐ข๐๐ฉ๐๐ค๐ฃ ๐ค๐ง ๐๐ช๐จ๐ฉ ๐ฌ๐๐ฃ๐ฉ ๐ฉ๐ค ๐๐๐๐ฉ? ๐ฟ๐ง๐ค๐ฅ ๐ข๐ ๐ ๐ก๐๐ฃ๐.
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