Are you wanting to create a website that brokers bitcoins? Or some kind of mobile app or what? Nail down the specific plan and business model. What's your part in it - what skills do you possess that would apply to your venture? You may be able to learn the business and regulatory requirements from the internet and a couple of consulting sessions. But you sound unsure of the exact nature of what you want to do, and you gotta figure that out first. "a bitcoin business that provides a service or education" What's that going to look like? Who are your customers going to be, and why should they choose your service? Not saying they wouldn't, but you need to figure out your angle of what makes you competitive. How are you going to sell it? Let me warn you right now, the financial industry is an ever-shifting quicksand desert of regulation, you have to stay on top of all the bullshit that federal and state legislatures pass. That's the main reason I had a job there for a while, as a programmer making changes to meet new legal requirements. You may only be able to operate in certain states. It might not be quite that bad, though, because you're not making loans, just trading a commodity, but it's basically currency trading, and the slimy tentacles of zealous bureaucrats will reach it soon enough. Beware of regime uncertainty, and run-on sentences. Don't let that scare you though. Have confidence, but not false confidence. As Sven said, focus on making the best product possible, and watch the bottom line. As far as the business-y type stuff and accounting goes, I'm sure as long as you keep records of all transactions you'll be fine. Save receipts. The nice people at the IRS will let you know if you're doing it wrong. Might want to keep aside a little buffer for "oops I owe more taxes than I thought," never hurts. Put it in a CD and earn some interest while it sits there. A lot of the accounting can be handled by out-of-the-box software. If you're going to tie it in to a website, though, make sure the software supports some kind of import function. At my previous workplace we had a script that would scan our internal databases and generate a .csv file (I think that was the format anyway) to import into quickbooks, which the bookkeepers would then review and sign. Unless there were discrepancies (like people stealing from the drawer) it's pretty much automatic. The work was in the setup. Hope some of that helps.