You’ve got the BIG IDEA, and you’re excited to hit the ground running. Here’s a check list to make sure you’re ready to start up and grow.

Starting a small business can be overwhelming, but with careful planning and attention to detail, you can set yourself up for success.

File your Entity with the US Government

Choose a Business Entity Type (e.g., LLC, Corporation, Partnership, Sole Proprietorship)
Register with the Secretary of State’s office in your state
Obtain an EIN (Employer Identification Number) from the IRS
Obtain any necessary business licenses and permits at the federal, state, and local levels
Register for state and local taxes (e.g., sales tax, income tax)
NEW! File your Beneficial Owner Information Report with FinCen

Accounting: Set up an accounting system to track income, expenses, and taxes. Hire a bookkeeper or accountant if necessary.
Human Resources: Develop an employee handbook, job descriptions, and policies and procedures. Hire employees if necessary and ensure compliance with employment laws.
Marketing: Develop a marketing plan to attract customers, including branding, advertising, and promotions.
Operations: Establish processes and procedures for delivering your product or service efficiently and effectively.
Customer Service: Create a plan for handling customer inquiries, complaints, and feedback.
IT: Set up hardware, software, and a website if necessary, and ensure data security and backup.

Create a business plan to help guide your business decisions and secure financing.
Obtain business insurance to protect against liability and other risks.
Network with other business owners and industry professionals to gain insights and support.
Keep track of your finances and regularly review financial reports to make informed decisions.
Stay up-to-date on industry trends and regulations to remain competitive and compliant.