You’ve decided to start a business. This is both an exciting and demanding time. The checklist below is meant to help new business owners by providing a list of the most common startup steps. Depending on your particular industry, additional steps may be required for your business.
Prepare a business plan
Business plans define the Who, What, When, Where, and How of your business and the products and/or services you plan to provide. Business plans clearly outline the goals of the business, explain the operating procedures, detail the competition, include a marketing plan, and explain the company's current and desired funding. If your company plans to seek funding either in the form of a traditional loan or from venture capitalists, a thorough business plan will be required for the application process.
Incorporate your business or form your LLC with the state
Forming a business as a corporation or LLC helps to protect the owners' personal assets from the debts and liabilities of the business. There are also other advantages of forming a corporation or LLC, including certain tax advantages and establishing credibility for your new business with potential customers, vendor, employees, and partners. When forming a business, use a professional such as a lawyer or online service like BizFilings.com who have experience creating legal entities.
- Incorporate your business online
- Form your LLC online
Select an accountant and attorney
Author: BizFilings
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