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Congratulations on starting a business and joining the ranks of
entrepreneurs who help drive the success of this nation's economy.
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Following is a checklist of general start-up matters you will need to
handle. This list is not meant to be exhaustive not all of the items
may pertain to your business and your particular business might require
special start up considerations and requirements. Use this list as a
starting point for your travels on the road to entrepreneurial success.
Draft business plan (taking into account factors such as market for
your product/service, competitors, potential customers, financial
projections)
Consider your personal "business plan" ... what are your strengths and
weaknesses, your personal goals in starting a business, your financial
resources)
Determine start-up costs (see Financing Checklist below for
considerations on how to fund your business)
Select a lawyer
Choose a form of business organization (sole proprietorship,
partnership, corporation, LLC, etc.)
Create your business (register name, incorporate business, etc.)
See if business name is available as a domain name; register domain name
Seek trademark/service mark protection for your business name/product
Obtain patent if you have a patentable invention
Register copyrights (if applicable)
Review local business codes for requirements specific to your business
Obtain business license or permit (if applicable)
Get federal employer identification number (if applicable)
Get state employer identification number (if applicable)
Get seller’s permit (if applicable)
Decide on business location
Obtain lease for business location (or determine space for home office
location)
Obtain business phone (or extra residential line). Consider using a
service like efax for receiving faxes
Set up other utilities as appropriate for your location
Obtain hi-speed Internet access
Create Web site with appropriate e-mail addresses (see Web site section
below for more detailed
Checklist considerations
Select Banker
Set up business checking account
Select insurance agent
Get appropriate business insurance (liability, group health insurance,
directors and officer’s liability, etc.)
Determine workers’ compensation insurance requirements and obtain
appropriate insurance
Select accountant
Obtain applicable federal and state tax forms
Get business cards and stationery designed and printed
Get furniture and equipment
Buy Supplier List from www.hoodbuysell.com
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