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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 attorney
Choose a form of organization (proprietorship, partnership,
corporation, etc.)
Select an accountant
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
Obtain a business license or permit (if applicable)
Review local business codes obtain a lease
Line up suppliers (if applicable)
Get furniture and equipment
Get a federal employer identification number (if
applicable)
Get a state employer I.D. number (if applicable)
Send for federal and state tax forms
Join a professional organization
Set a starting date
Set up a business checking account
Get business cards
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