Own It!

Talking Taxes (I.4(A))

If you are not in Colorado, this module will be less helpful, as it is pretty state-specific. This submodule walks you through getting a federal employer identification number and state sales tax license.

The Money Pantry (I.4(B))

This submodule raises some considerations a business should consider before opening a business banking account, including accounts and features that may be helpful for a business.

Keeping Your Hand Out of the Cookie Jar (I.4(C))

This submodule teaches the fourth wall of the "corporate veil" - keeping your personal and business assets separate. This also teaches how to identify money moving between the company and owner as loans, contributions, and reimbursements.

Learning the Measurements (I.4(D))

Take a moment to learn the key three financial documents for a business - a balance sheet, a profit and loss report, and a cash flow statement.

Make Your Shopping List (I.4(E))

Just like a shopping list can help increase efficiency and decrease spending at the grocery store, an opening budget can help plan for the opening of your business. This covers planning for expenses before your company makes any income.

Meal Prep (I.4(F))

Creating a regular budget can help a company determine what to charge for its services and what funding assistance may be necessary for start-up costs (if any).