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