Checklist for Starting Up a New Business
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Create a LLC or Corporation. Register Your Business Name. Apply for a Federal Tax ID Number. Determine If You Need a State Tax ID Number. Obtain Business Permits and Licenses. Protect Your Business with Insurance. Open a Business Bank Account. Consult the Professionals.
Define your unique selling point. Find a business mentor. Create a business plan. Register web domains and trademarks. Set up your business structure. Ensure that your business will eventually be profitable. Set up a business bank account. Arrange business insurance.
Introduction. The legal requirements for starting a business can seem intimidating, but obviously these are things you cannot afford to ignore. Licences. Depending on the nature of your business, you may need a licence from your local authority. Employment. Taxation. Insurances. Music. Intellectual Property. Health and Safety.
General business license. "Doing business as" license or permit. Federal and state tax identification number. Sales tax permit. Zoning permit. Home occupation permit. Professional/occupational licenses. Health permits.
Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. Write your business plan. Fund your business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax IDs.
Articles of Incorporation or Organization. File articles of incorporation with the state's commercial-services department to start a corporate entity. Certificate of Assumed Name. Employer Identification Number. Professional Trade Licenses. Local Licenses and Permits.
Define your unique selling point. Find a business mentor. Create a business plan. Register web domains and trademarks. Set up your business structure. Ensure that your business will eventually be profitable. Set up a business bank account.
Set your long term goals. Get into the right mindset. Finalize your business idea. Figure out how much capital you'll be starting with. Build a great website. Source products (if applicable) Create one solid lead magnet. Set up your business email.
Start by creating a comprehensive business plan. Your business plan will help you with the remaining steps required to launch your company. You'll also need to raise money. Without proper financial planning, your startup doesn't stand a chance.