Obtain a business license. Contact your local and/or state government authorities about forming an official business. Log online to The Department of Labor Licensing and Regulation, for example, if you will operate your business in Maryland. Click "Licensing". Choose the profession that fits your business and follow the step-by-step instructions for obtaining a license or visit the "Maryland Business Licensing Information System" -- or the business licensing information system for your state -- to search license requirements for your business. Many states require small business owners to operate as a limited liability corporation.
Obtain all necessary permits and tax information. Because a vinyl lettering business will have physical waste, complete all forms necessary for obtaining appropriate environmental permits. Additionally, contact the Internal Revenue Service to obtain an employment identification number and an 8322 Form for tax purposes for your LLC.
Market your business. Create a professional web site with easy-to-access links and contact information. Explain your credentials and highlight the uniqueness of your vinyl lettering. Emphasizing what makes your product special increases sales. Incorporate many pictures and digital image slide shows to give potential customers and returning customers a broad, clear and vibrant look at your work.
Complete a Uniform Franchise Offering Circular through the Federal Trade Commission. Once your business reaches a point where it is profitable enough for you to venture into franchising, completing this information is essential. Employ the assistance of a franchise attorney to help.
Audit your business. An audit is necessary to outline the financial health of your business and to substantiate your validity as a viable corporation. Employ an accountant for this purpose.
Complete a training software package for business owners interested in buying into your franchise. The software package must outline exactly the kinds of tools and materials you use to create your stencils. Include instructions on how to make the stencils and how to use established resources -- web site, etc. -- to capitalize on their own. Your package should be persuasive and highly informative.