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Know your credit score before you go to the bank or credit union to apply. Your score will affect your chances of getting the loan as well as lenders' willingness to back you. That's important as you think ahead to financing your day-to-day operations. Do you intend to let your customers pay by credit card. Is your bank willing to cover that risk.
If you're going it on your own, you're eligible to create a sole proprietorship. If more than one person will be liable, you'll need to register as some form of partnership. However, you might want to separate yourself from your business so you're not personally responsible for debts, legal obligations and other issues. In that case, you'll need to form a corporation. Small businesses, for example, usually register as Limited Liability Corporations. It's wise to meet with a professional tax adviser before you make your decision.