Business Checklist to Start Your Company
_ Create formal and/or informal team including... - Lawyer
- Accountant
- Real estate agent
- Independent insurance agent
- Friends or relatives in a business
- Local business association members
- Trade association members
_ Develop a mentor relationship- Business person
- Local business association
- Trade association
- Contact SCORE
_ Check on Permits & Licenses- Fire Permit
- Business permit
- City or county permits
- Professional permits or licenses
- Sales Tax (if needed)
- Special licenses for your business
- Professional permits
_ Establish a Legal Business Structure- C Corporation
- Subchapter S Corporation
- LLC Limited Liability Company
- Partnership
- Sole Proprietorship
_ Register Works- Copyrights
- Trademarks
- Patents
_ Taxes & Registrations- Unemployment insurance
- Workman's Comp
- Federal income tax
- State income tax
- City or local tax
- Self-employment tax
- Payroll tax
- Federal Employee Identification Number
- State Tax Identification Number
- Sales Tax number (if needed)
_ Financial Focus- Raise capital for business
- Establish a business bank account
- Secure a business credit card
- Establish business accounting system
- Establishing line of credit for business
- Create a Budget
- Determine startup financial needs
- Determine ongoing financial needs
_ Branding- Name of Company
- Check name locally for use
- Check name on Google
- Check Trademark on Name
- Tell you friends the name and have people say it out loud
- Create Logo/Branding Information
- Create letterhead, business cards, pre-printed invoices, sales brochure
_ Business Insurance- Check with insurance agent on your insurance needs
- Health insurance
- Liability insurance
- Life insurance
_ Business plan- Executive Summary
- Business Description
- Market Analysis
- Management Team
- Operations
- Critical Risks
- Financial Projections
- Appendices
_ Marketing plan/analyze market and competition_ Set up office - Home office
- Commercial office space
_ Communications equipment- Telephones
- Cell phones/Blackberry
- Email
- Website
_ Office Furniture_ Office Fixtures _ Office Computers and other Hardware _ Business Software _ Business Inventory
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