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Starting a Business Under a PASS
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If a person is considering submitting a PASS with a work goal of self-employment, it must include a detailed business plan. The plan may require securing concurrence by more knowledgeable third parties as to the feasibility of business in terms of the person's ability to conduct the business and ability of the business to be successful.
Some possible third party reviewers may include:
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individual's physician;
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vocational counselors;
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small business administration;
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local department of employment and training;
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local chambers of commerce;
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local banks;
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appropriate staff at local colleges.
The business plan must include the following components (not an exhaustive list):
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Business name, address, owner
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Business form
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Description of the principal activity of the business, including a description of the product and/or service to be provided
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Explanation of specific objectives of the business along with time tables for establishing the business and attaining the stated objectives
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Explanation as to why business should succeed and unique features
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A description of target market and audience demographics
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A description of the mechanism for pricing the product/services
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A description of the financial plan
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Advertising plan
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A list of personnel and their roles/qualifications
THE SOCIAL SECURITY ADMINISTRATION Social Security has a toll-free number that operates from 7AM to 7PM, Monday to Friday: 1-800-772-1213 If you have a touch-tone phone, recorded information and services are available 24 hours a day, including weekends and holidays. People who are deaf or hard of hearing may call the toll-free "TTY" number, 1-800-325-0778, between 7 a.m. and 7 p.m. on Monday through Friday.
Social Security Administration
Office of Public Inquiries
6401 Security Blvd.
Room 4-C-5 Annex
Baltimore, MD 21235
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