 |
Apply for employee identification number (EIN) if you will have staff or will incorporate |
|
Apply for patent if you will be selling a product you invented |
|
Apply for sales tax number (in most cases, when selling products) |
|
Call everyone you know to inform them you are in business |
|
Call the IRS or visit the web site to learn about tax issues (or use your CPA) |
|
Check and register your right to use the name (corporate, trademark, domain, local registration, etc.) |
|
Check local zoning laws |
|
Choose a business name |
|
Choose a location (create separate location if home-based) |
|
Consider what marketing tactics you will employ to promote the business |
|
Create a web site |
|
Create sales materials |
|
Decide how much capital you will need to start the business |
|
Develop a recordkeeping system |
|
Develop a cash flow forecast |
|
File your applicable tax forms (and pay taxes) on schedule |
|
Find and hire an accountant |
|
Find and hire an attorney, especially for contracts/TD> |
|
Find out about health insurance if you will not have coverage under a spouse |
|
Get a business e-mail account |
|
Get a business phone line installed |
|
Get feedback from prospective customers |
|
Have business cards and stationery printed |
|
If you have partners, complete a partnership or shareholder agreement |
|
Open a business checking account |
|
Order fixtures and furnishings |
|
Order inventory |
|
Order signage |
|
Purchase equipment and supplies |
|
Raise capital through family, friends, and other investors |
|
Research and order Yellow Pages advertising (deadlines are usually in the fall) |
|
Research business insurance needs |
|
Research the competition |
|
Research the feasibility and viability of your idea |
|
Research and select suppliers/vendors, if applicable |
|
Secure required business licenses or permits |
|
Select a legal structure for your business |
|
Send out press releases announcing your new business |
|
Set up your bookkeeping system |
|
Visit the U.S. Small Business Administration center for educational materials |
|
Write a business plan |
