This table of contents is structured as a check list of
essential steps for establishing a business in Ponca City. It is designed to
alleviate as much of the frustration as possible from the task of starting a new
enterprise.
I. DEFINE YOUR GOAL(S) AND LEARN ABOUT RESOURCE
Prior to every other activity, it is highly recommended that a
plan be committed to paper. This document becomes critical to start-up
funding and market definition. The following organizations in Ponca will
assist you in this endeavor as well as throughout the operation.
II. TAX REQUIREMENTS
- Federal
- State
- Year-End Reports
III. NAME AND LEGAL STRUCTURE
- Proprietorship
- Partnership
- Corporation
- Limited Liability Company
IV. SELECTING A BUSINESS SITE
- Zoning Approval
- Sign Approval
- Fire Safety Inspection
- Business Identification Number/B.I.N.
- Building Permits
- Utility Hook-ups
V. LICENSE AND PERMIT REQUIREMENTS
- City
- State
- Federal
- Special Licenses
VI. EMPLOYER IDENTIFICATION NUMBER & UNEMPLOYMENT INSURANCE
VII. BUSINESS FINANCING
- Debt Capital
- Equity Capital
VIII. INSURANCE REQUIREMENTS
- Property Insurance
- Business Interruption Insurance
- Bonds
- Workers' Compensation
- Group Insurance for Employees
- Product Liability
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