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Starting a New Business Checklist Cheat Sheet by

Critical Steps to starting a new business
business     new     starting

Steps

Step 1: Write a Business Plan
Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business succes­sfully.

Step 2: Get Business Assistance and Training
Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.

Step 3: Choose a Business Location
Get advice on how to select a custom­er-­fri­endly location and comply with zoning laws.

Step 4: Finance Your Business
Find government backed loans, venture capital and research grants to help you get started.

Step 5: Determine the Legal Structure of Your Business
Decide which form of ownership is best for you: sole propri­eto­rship, partne­rship, Limited Liability Company (LLC), corpor­ation, S corpor­ation, nonprofit or cooper­ative.

Step 6: Register a Business Name ("Doing Business As")
Register your business name with your state govern­ment.

Step 7: Get a Tax Identi­fic­ation Number
Learn which tax identi­fic­ation number you'll need to obtain from the IRS and your state revenue agency.

Step 8: Register for State and Local Taxes
Register with your state to obtain a tax identi­fic­ation number, workers' compen­sation, unempl­oyment and disability insurance.

Step 9: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.

Step 10: Understand Employer Respon­sib­ili­ties
Learn the legal steps you need to take to hire employees.
 

New Business

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