GENERAL REQUIREMENTS FOR STARTING A BUSINESS

1. Write a Business Plan
2. Determine Your Business Process Such As Goal, Employees, Customer Types
3. Choose your Business Structure
4. Register Your Business in a State
5. Obtain an EIN Number
6. Determine What Permits and Licenses You Need
7. Prepare to Pay Local and State Business Taxes
8. Develop a Compliance Plan
9. Obtain Necessary Insurance
10. Create a Marketing Plan
    

BUSINESS FORMATION CHECKLIST

1. Write a Business Plan
   
   
2. Best entity for your business
   • Corporation
   • LLC
   • Partnership
   • Doing Business As/Fictitious Name
     
     
3. Where to Incorporate
   • Florida, Nevada, South Dakota, Wyoming
   • Cost to File
   • Tax Considerations
   • Confidentiality/Privacy Protections
     
     
4. Liability Protections
   • Piercing the Corporate Veil
   • Shareholder and Officer’s Protections
   • Single member LLC
     
     
5. What is necessary for each
   • Articles of Incorporation or Partnership Agreement
   • By Laws or Operating Agreement
   • Certificate Shares
   • Corporate Minute Book
   • FEIN Number
   • Florida Sales Tax Number
     
     
6. Business License Required
   
   
7. IRS filing
   • Corp. Tax Return
   • Subchapter S Election
   • LLC Tax Return
     
     
8. Tax Advantages and Elections
   • Subchapter S Election
   • Limited Liability Partnership
     
     
9. Trademark or Tradename Filing
   
   
10. Standard Contracts for This Business