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Get your business license(s).ĭetermine and apply for necessary business licenses. Contact your state taxation department to be safe. Get a federal tax ID number (otherwise known as employer identification number), as well as your respective state tax identification number (if needed). Obtain your federal tax identification number. Sole proprietorship? LLC? S-Corp? Research your business entity options and file accordingly. Not sure where to start? Check out these business plan templates. It should outline your business goals, operating procedures and target market, as well as help you identify your unique selling proposition. Name your business and buy a matching domain.Įven if you’re not ready to launch your company yet, it’s always a good idea to secure your domain early. Get organizedįirst things first - you’ll need to establish some ground rules for your business. Let’s look at what’s involved with each main step in our checklist. When it comes to starting a new business, preparation is key. Here’s a simple checklist to help steer you in the right direction. The last thing you want is for one of these mandatory tasks to slip through the cracks. From finalizing your idea, to drafting a business plan, to filing all the right licenses and permits, there’s a lot to consider. Starting a new business can be a bit overwhelming.
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Track your progress as you go and you’ll be on your way to getting your company started the right way - and set up for success from the get-go! Checklist: How to start a business To help make sure you don’t overlook anything in the crush of daily duties, BizFilings and GoDaddy got together to create a handy “How to start a business” checklist.įrom incorporation and business licenses to federal EIN numbers and building your brand identity with a domain and website, the checklist contains all the steps you should take to get your business up and running. After you evaluate your business idea, research the market and your potential customer base, and determine startup costs, you’ll be ready to take on the next steps. As you move through your “how to start a business” to-do list, you’ll find that you may never be busier than during this startup period.
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Congratulations on preparing to move forward with your big idea! This is an exciting time.