Background Work

•  Assess your strengths and weaknesses
•  Establish business and personal goals
•  Assess your financial resources
•  Identify the financial risks
•  Determine the start-up costs
•  Decide on your business location
•  Do market research
•  Identify your customers
•  Identify your competitors
•  Develop a marketing plan

 

Business Transactions

•  Select an accountant
•  Choose a form of organization (proprietorship, partnership, or corporation, for example)
•  Create your business "dba" register your name, incorporate the business, etc.
•  Select a bookkeeping system
•  Prepare a business plan
•  Select a banker
•  Set up a business checking account
•  Apply for business loans (if applicable)
•  Establish a line of credit
•  Select an insurance agent
•  Obtain business insurance

 

First Steps

•  Get business cards
•  Review local business codes 
•  Obtain a lease (if applicable) 
•  Line up suppliers (if applicable)
•  Get furniture and equipment (unless we can convert personal use property)
•  Obtain a business license or permit (if applicable)
•  Get a federal employer identification number (if employees are anticipated)
•  Get a state employer identification number (if employee are anticipated)
•  Send for federal and state tax forms
•  Join a professional organization and your local chamber of commerce
•  Set a starting date

Quail Oaks Financial specializes in the entire business start up process. We can do most of this punch list on your behalf.

Please Contact page us here