The Essential Checklist for Launching Your First Business

StartupEntrepreneurshipBusiness growthCompliance

Apr 29

Written By M. PH

Introduction:

Starting your first business can be daunting. From filing paperwork to setting up your finances, there’s a lot to consider. Use this checklist to make sure you’ve covered all your bases.

1. Choose Your Business Structure:

Determine if you’ll operate as an LLC, S-Corp, or sole proprietorship.

2. File Formation Documents:

Submit your Articles of Organization with your state.

3. Apply for an EIN:

Get your Employer Identification Number from the IRS.

4. Open a Business Bank Account:

Separate your personal and business finances by opening a dedicated account.

5. Obtain Necessary Licenses and Permits:

Ensure you have all the licenses required to operate in your industry.

Conclusion:

This checklist will help you cover the basics, but if you need additional guidance, our team is here to help. Contact us today to get started on your business journey.

M. PH