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Business Start-Up Check List
By the Alabama Small Business Development Consortium
Starting a business requires hard work and several steps should be taken before pursuing such an endeavor. This handbook is designed to aid in starting a business; however, it is only an outline. Undoubtedly, you will run into problems that are not covered. At this time, you should utilize your resources to help solve the problem(s). Your resources include the Small Business Development Center, an attorney, an accountant, a friend, or any other source that is available. Before you read further, please see Ten Steps to Business Success. With these steps in mind, continue to look at the outline and the referenced articles/information.
(1) Prepare a written business plan - see The Business Plan
(2) Decide whether you wish to operate as a sole proprietorship, partnership, corporation, or LLC - see Choosing a Legal Structure
(3) Establish a source of adequate and reliable financing
(4) Check zoning ordinances - contact city hall
(5) Select a suitable location
(6) Retain an attorney and a CPA, if appropriate
(7) Acquire necessary licenses and permits - contact Revenue Department
(8) Get tax ID number and forms; follow other tax requirements ~ see Key Tax Numbers
(9) Choose record keeping system and method of inventory control - consult your accountant - see Accounting Primer
(10) Open bank accounts in the name of the business for business use only
(11) Arrange for utilities, telephone, and other services
(12) See insurance agent for full range of coverage - see Insurance
Next section: Ten Steps to Business Success