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Explore the legalities. It's vital to discover the best legal structure for your new business. In fact, do this before you ever register your endeavor with any local or state agencies. What kind of business is it? Its structure will determine how you'll file taxes on your startup. It also affects your degree of personal liability, should anything (or anyone) go wrong.
You're not at a loss just because you have poor credit. Regardless of your score, high-risk credit-card processors are willing to help get your business started so you can build equity. As long as you read and understand the fine print, high-risk credit cards can provide quick access to extra funds for vendor or employee payments.