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Getting Into Business Checklist

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Information about Getting Into Business Checklist
Education

Published on April 17, 2008

Author: apruitt

Source: authorstream.com

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Arizona Western College:  Arizona Western College Small Business Development Center Getting Into Business Checklist:  Getting Into Business Checklist The Essential Items to Begin Any Sized Business Enterprise Determine the type of business organization:  Determine the type of business organization Sole-Proprietorship Partnership (Contract - formal or informal) 'C' Corporation 'S' Corporation LLC (Limited Liability Company) Trade Name (or d/b/a):  Trade Name (or d/b/a) Research Trade Name (availability & appropriate) Select Trade Name Register Trade Name AZ Corporation Commission AZ Licensing Information Apply for all tax numbers:  Apply for all tax numbers Federal EIN   (apply online @ irs.gov) State and local sales tax  (research online @ azdor.gov) Federal Withholding State Withholding State Compensation Fund State Unemployment Tax Calendar for Small Businesses and Self-Employed (Publication 1518) Apply for all business licenses and permits:  Apply for all business licenses and permits City Occupational (Home Based Business) (928) 373-5074 Yuma County Health Department @ (928) 317-4550 City & County Building Code @ (928) 817-5000 Fire & Safety @ (928) 726-7737 Open Business Bank Account:  Open Business Bank Account Commercial Reserves Savings Payroll Quarterlies Merchant Account Owners Draw Establish Employee Pay Records:  Establish Employee Pay Records Employee files E-Verify I-9 Forms W-2 Payroll Forms Workers' Compensation (State Compensation Fund) Establish Employee Benefit Plan:  Establish Employee Benefit Plan IRS 125 (Cafeteria Plan) Vacation Sick Leave Investment Insurance Employee Handbook Selecting Employees:  Selecting Employees Employment applications E-Verify Check references Training Formulate Job Descriptions Employee Handbook Arrange for Business Insurance:  Arrange for Business Insurance Workers' Compensation Fire Premise Liability Errors and Omissions (E&O) Vehicle (Personal Use vs. Business Use) Complete Utility Applications and Make Deposits:  Complete Utility Applications and Make Deposits Telephone Water Gas Electric Trash Recycle Order Stationary and Office Equipment:  Order Stationary and Office Equipment Business Journal Daily Sales Records Sales Tickets Invoices Receipts Plan Promotional Material:  Plan Promotional Material Signs Advertising Promotional Items Press Releases Website Mailing List Prepare or Review Capital Investment Projections:  Prepare or Review Capital Investment Projections Evaluating Your Business Plan Small Business Online Resources SBA Small Business Planner The Center For Veterans Enterprise Web Portal RECAP:  RECAP 1) What do I need and want out of life?   2) How can my company help me accomplish that?   3) What would such a company look like?   4) What would it take to get there? Thank You for Sharing Your Dream!:  Thank You for Sharing Your Dream! “What are you most afraid your competition will do to you?” Small Business Development Center:  Small Business Development Center Sandra Hernandez Business Analyst (928) 317-6151 Se Habla Español sandra.hernandez@azwestern.edu Alan Pruitt Business Analyst (928) 317-6151 alan.pruitt@azwestern.edu

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