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Business Start-up Checklist

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Owner’s Checklist for Starting a New Business

Background work

o      assess your strengths and weaknesses

o      establish your personal and business goals

o      assess your financial resources

o      identify the financial risks

o      determine the start-up costs

o      decide on your business location

o      do market research (interview people in your field)

o      identify your customers

o      identify your competitors

o      develop a marketing plan

Business transactions

o      select your service providers (accountant, lawyer, banker)

o      choose a form of organization (proprietorship, partnership, or corporation, for example)

o      prepare a business plan

o      create your business (register your name, incorporate the business, etc.)

o      set up a business checking account

o      apply for business loans (if applicable)

o      establish a line of credit

o      select an insurance agent

o      obtain business insurance

First steps

o      get business cards

o      review local business codes

o      obtain a lease

o      line up suppliers (if applicable)

o      get furniture and equipment

o      obtain a business license or permit (if applicable)

o      get a federal employer identification number (if applicable)

o      get a state employer i.d. number (if applicable)

o      send for federal and state tax forms

o      set a starting date

o      join a professional organization

Note: This list was provided anonymously to ARRiiVE. We did not create nor do we know the original source. If you know the original source, please notify us so that we may correctly name them here. Thank you. 

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