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Starting a Business Checklist !
This checklist is a good
starting point for you as you begin your business. It is
intended as a springboard for your business development
and is in no way meant to be a substitute for
professional advice or counsel. For further information
about starting a business, contact your local SBDC.
- Choose a business
idea, product or service.
- Research the
business industry.
- What
will you sell?
- Is
it legal?
- Who
will buy it? How often?
- Are
you willing and able to do what it takes to sell
your product?
- What
will your product cost to produce, market, sell,
and deliver?
- What
compliance issues do you need to address?
- Can
you make a profit?
- How
long will it take for your business to make a
profit?
- Write a business
plan.
- Write a marketing
plan.
- Using a domain
registry service, see if the business name is
available for use as an Internet domain name.
- Register the domain
name even if you aren't ready to use it yet.
- Choose a location
for the business.
- Check zoning laws.
- File partnership,
corporate, or limited liability company papers with
the Secretary of State's office.
- File state tax forms
with the Franchise Tax Board.
- Contact the Internal
Revenue Service for information on filing your
federal tax schedules.
- Apply for a seller's
permit.
- If you will have
employees:
-
Apply for an employee identification number with
the Employment Development Department (EDD).
- Find
out about worker's compensation.
-
Investigate business insurance needs.
- Get
tax information on withholding taxes.
- Get
tax information on hiring independent
contractors
- Register or reserve
your federal trademark/service mark
- Register copyrights.
- Apply for patent if
you will be marketing an invention.
- Order any required
notices of your intent to do business in the
community.
- Have business phone
or extra residential phone lines installed.
- Investigate business
insurance needs.
- Get adequate
business insurance or a business rider to a
homeowner's policy.
- Get tax information
such as record keeping requirements, facts about
estimating taxes, forms of organizations, etc.
- Open a bank account
for the business.
- Have business cards
and stationery printed.
- Purchase equipment
and/or supplies.
- Order inventory,
signage, and fixtures.
- Get an e-mail
address.
- Find a Web hosting
company.
- Have your Web site
designed and set up.
- Have sales
literature prepared.
- Call for information
about Yellow Pages advertising.
This
checklist is intended to help you start your business.
Due to various policy and legislative changes which
frequently occur, some of these steps may be modified or
may not apply to your business or industry. Please
consider that there may also be additional steps
required by your business which are not mentioned below.
As always, legal counsel is strongly advised.
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