The Business Start-Up Checklist serves as a general guide, outlining the tasks you will need to complete before your grand opening day. The nature of your business will determine when and which tasks you need to prioritize from the list. While the order may vary, this checklist is a valuable resource to familiarize aspiring entrepreneurs with the essential steps involved in launching a new business.
- Choose the product or Service
- Present Business Plan to Finance Source (Financial Institution or Investors)
- Obtain Adequate Finance Commitments
- Choose Business Name
- Open a Business Checking Account
- Obtain Necessary Licenses/Permits – Including Tax Accounts, Sales Tax, State and Federal Withholding, etc.
- Secure Lease for Place of Business
- Contract for Renovations
- Obtain Adequate Insurance – Fire and Theft, Liability, Workers Compensations, etc.
- Order Inventory
- Hire Appropriate Employees
Generate a name for your business and confirm its availability by following these steps:
- Trademark search – search for available trademarks to avoid pricey trademark conflicts in the future
- Trademark registration – protect your business name for years to come
- LLC vs Corporation – find out which type of business suits you best
