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BUSINESS CHECKLIST
New Business Checklist
Background work
Assess your strengths and weaknesses
Establish business and personal goals
Assess your financial resources
Identify the financial risks
Determine the start-up costs
Decide on your business location
Do market research
Identify your customers
Identify your competitors
Develop a marketing plan
Business transactions
Select a lawyer
Select an accountant
Choose a form of organization (sole proprietorship, partnership, or corporation, LLC)
Create your business (register your name, incorporate the business, etc.)
Prepare a business plan
Select a banker
Set up a business checking account
Apply for business loans (if applicable)
Establish a line of credit
Select an insurance agent u0026amp; obtain business insurance
First steps
Register for Federal EIN
Register for state sales tax number if applicable
Order business cards
Review local business codes u0026amp; required permits
Obtain a lease
Line up suppliers (if applicable)
Get furniture and equipment
Obtain a business license and/or permits (if applicable)
Join a professional organization
Set a starting date