 | | Determine your start-up capital needs and sources of capital.
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| | Select a business structure that best fits your needs by evaluating tax advantages and legal exposure.
|
| | Select the right accounting software by evaluating your budget, needs, and hardware.
|
| | Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive |
| | each month for the first few years.
|
| | Establish billing and collection procedures to maximize your cash flow.
|
| | Establish procedures to monitor and control costs.
|
| | Prepare and file all required state and local licenses and permits.
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| | Prepare and file your application for your Federal Employer Identification Number.
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| | Provide payroll and payroll tax filing for any employees.
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| | Identify your business insurance needs.
|
| | Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships |
| | and will help prevent a tremendous amount of financial problems in the future.
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