Small Business Plan Checklist Research Paper Questionnaire Sample
Also, make sure to arrange for utilities and office furniture.Depending on the type of business you are in, you may need a Federal license or permit.For example, most states require special licenses to sell: TIP: Most people engaged in the types of business that require a special State License or Permit are already aware of the requirements (i.e.an accountant is familiar with the licensing requirements for accountants).If you are setup as a Corporation, LLC or Partnership (or a sole proprietorship with employees), apply for a Federal Employer Identification Number (FEIN) from the IRS.A FEIN will be necessary to open a bank account or process payroll.There are many types of insurance for businesses but they are usually packaged as “General Business Insurance” or a “Business Owner’s Policy”.
In this section, we’ve listed the specific steps required to start your business in any State.
If your company sells physical products within the state where it does business, you may have to collect and pay sales tax.
This is usually accomplished by obtaining a State Seller’s Permit or Resale Permit.
Also note that our incorporation and LLC formation clients receive access to The Startup Wizard – an online interactive startup checklist that is personalized to your state and company type (Corporation, LLC, etc.) that guides you step-by-step through what you need to do to properly organize your company after it’s been formed.
If you haven’t already, prepare at least a preliminary business plan.