Quick Small Business Startup Checklist

by Thom Tracy

0 min read

Are you starting a new small business? Here is a quick checklist of must-do items:

  • Write your business plan.

  • Identify and reach out to potential clients and key suppliers.

  • Decide on your legal status: Will the business be a sole proprietorship or a corporation?

  • Identify and protect your most important intellectual property (such as trademarks and copyrights).

  • Use QuickBooks to prepare a sound financial plan, including revenue streams, accounts payable, capital needs and financing.

  • Ensure that you understand and comply with all of your tax obligations, from payroll to harmonized sales tax to income taxes.

  • Find an appropriate location to operate your business.

  • Prepare a marketing plan.

  • Open one or several bank accounts to ensure that your clients can pay you easily.

References & Resources

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