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Don’t be afraid to ask for help throughout this course of — and bear in mind to have slightly enjoyable whereas you’re placing in the work. Business checking accounts typically wouldn’t have a restrict on the variety of transactions that can happen, and problem a debit card that can be utilized for making business purchases. Sole proprietorships are companies Business Insider owned and operated by one particular person and aren’t recognized as a separate entity from the proprietor by the federal government. While a sole proprietorship is the only business structure, sole proprietors are personally liable for their business. Marketing and sales technique — This part should describe how you will market and promote your product.