Small Business Development Center
Organizational Structures for Business
Bill Gates’ top quote for entrepreneurs: “We were young, but we had good advice, good ideas and lots of enthusiasm.” Small Business Development Center (SBDC) Advisors across Washington can’t promise you a fountain of youth, but we are available to advise, develop ideas and give you the enthusiasm you need to keep on trekking with your endeavors.
Whether you are a graduate of the recent Bootcamp or wanting to start a new business, as you register your business, develop your business models, perform market research, project cash flow, and secure financing, SBDC advisors can provide you advice and assistance. SBDC advisors are available at no charge to assist you. If your business plan includes export, Washington’s SBDC network also has certified export advisors to assist you with the many maneuvers of the export process.
Established over 36 years ago by the Small Business Administration with matching funds from WSU, certified SBDC advisors are trained professionals with business experience and continuing education in the many nuances of small business. Pullman SBDC office is located a short drive north of WSU Pullman campus at the WSU Research Park off Terre View Drive. Aziz Makhani, Certified Small Business Advisor, has an MSEE and an MBA, and recently received his certificate in Technology Commercialization. For a research university, Aziz’s education and professional background are just the right combinations to help you through your endeavors.
Visit the SBDC website to register as an SBDC client and start the process of setting up your first meeting. You will need to have a business model and some idea of your financing. You can either meet with Aziz at his office, during the week, at Crimson Commerce Club in Downtown Pullman, on Thursday mornings, whatever is convenient for you. All discussions are kept confidential at no charge.
One example of the assistance the SBDC provides is that of business formation. Based on Aziz’s experience of working with companies wanting to setup the company as a LLC there are five key steps to compliance to earn the right to limited liability protection are:
1. Keeping your business in good legal standing by filing all required reports and paying all taxes,
2. Keeping proper business records including an accurate and timely set of accounting records,
3. Not co-mingling business assets with personal assets including ensuring all business income is deposited into the business bank account,
4. Keeping an arm’s length between personal activity and business activity and,
5. Being sure to identify your business by its business name.
Examples of LLC Operating Agreement Checklists and Agreements are below
- LLC Operating Agreement Checklist
- Single member LLC Operating Agreement
- LIEE Sample-LLC-OperatingAgreement
Whether you are a graduate of the recent Bootcamp or wanting to start a new business, SBDC is surely a natural segue to your entrepreneurial journey.