starting a check cashing service

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starting a check cashing service

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bucketboi

posts: 1

Jun 17, 2009 10:28 AM ET Quote Report Abuse

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I was wanting to get some info on how to start a check cashing service. I have an unique idea for one, but have limited knowlege on where to start.

RanksIntl

posts: 16

Jun 17, 2009 6:58 PM ET Quote Report Abuse

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That sounds like a great plan particularly if you have something that will make yours unique. The first step to any business is going to be your business plan which will be an outline of your entire business. In it you will have market research as well as basic business research. It is also what you will take to potential lenders and investors when you get started.

As for actually starting you will need to obtain a location, register your business, obtain the correct licenses and permits, research check cashing operations, etc.

How far along are you in the process? Is it just and idea or are you ready to make a move? I specialize in small business start up and expansion so if you need help or just someone to bounce ideas off of let me know.

-------------------------

Renee` Rankine
renee.rankine@ranksintl.com
http://www.RanksIntl.com

patentandtrademark

posts: 1332

Jun 18, 2009 10:14 AM ET Quote Report Abuse

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In Ohio, they have tried to regulate "payday loan" places, which are sometimes also "check cashing" places out of business. The reason is that fees are viewed as outrageous.

-------------------------

James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com

Aster

posts: 1

Aug 08, 2009 6:11 PM ET Quote Report Abuse

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Hi there,

I`ve written an e-book on the subject. Go to www.checkcashingbusiness.net and download it. There is a fee, however, I`m confident you`d love my book, because it`ll give you everything you`re looking for. Take my word-I`ve opened a NEW check cashing business myself, operated it for almost 5 years and SOLD (not closed!) to anothe person who runs another 9 of them. My book is NOT a useless theory (like others outhere), it contains PRACTICAL and STEP-BY-STEP advice. Trust me, I`n not trying to SELL you the book, just directing you to the right source of information.

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