How do i get start in starting up a store? -

i want to start up a store where people can come and play video games trade them and is open 24/7 but i want to use xbox360 as a start off like 10 of them just to start i have the place now i just need to know what kind of paper work i will need to fill out and what i may be expecting in the process please if you have no clue don t try to answer. and yes i do have the cash.

You need to legally establish your business by registering for an EIN with the federal gov t. You then need to obtain proper sales and use tax permits with your state government. These steps will legally establish your business. It s probably a good idea to incorporate at the same time. As for the business model itself, what immediately stands out to me is the licensing for the games. You would need to investigate what types of licensing you need to obtain from the game producers to make money on this. This wouldn t be covered under the standard software license.