Checklist To Help Make Sure You Have Everything Covered
When starting a business, there is a lot to cover. Whether you’re a new or prospective business owner in the planning stages or getting ready to open your doors, you will have many tasks to complete before you start.
This checklist breaks that work into two parts: a detailed action list organized by phase, and a scannable checklist based on the U.S. Small Business Administration’s 10-step framework. Use both together — the action list for the details, the checklist for tracking what’s done.
Key Points and Facts About Starting a Business
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- Starting a business generally moves through six phases: research and planning, legal and administrative setup, branding and online presence, operational setup, launch preparation, and ongoing management.
- The SBA publishes a 10-step framework for starting a business, covering everything from market research to opening a business bank account.
- An Employer Identification Number (EIN) works like a Social Security number for a business and is needed for opening a bank account and paying taxes.
- Applying for an EIN directly through the IRS online system is free and, as of 2026, the number is typically issued immediately if the application is completed in one sitting.
- Licenses and permits vary by industry, state, and location, and it’s the business owner’s job to track when they need to be renewed.
- Free mentoring through SCORE is available for help with planning and legal setup.
Action Steps for Starting a Business
Research and Planning
- Research your business idea: assess feasibility, uniqueness, and profitability.
- Research your target market: understand customer needs, preferences, and demographics.
- Create a business plan: outline goals, strategies, financial projections, and timelines.
- Create a marketing plan: develop branding, advertising, and customer engagement strategies.
- Choose a suitable location: consider customer accessibility, competition, and costs.
- Analyze competitors: understand their strengths, weaknesses, and market position.
- Get free help if you need it: SCORE mentors can walk through your plan with you at no cost.
Legal and Administrative Setup
- Register your business: choose a legal structure (LLC, corporation, sole proprietorship, etc.).
- Get an EIN if you need one: apply directly through the IRS online — as of 2026 it’s free and the number is usually issued the same session.
- Secure necessary permits and licenses: check local, state, and federal requirements, and track renewal dates.
- Consult with a lawyer: get legal advice on contracts, intellectual property, and regulations.
- Consult with an accountant: set up accounting systems and understand tax obligations.
Branding and Online Presence
- Create a corporate identity: design logos, business cards, letterheads, and stationery.
- Register a domain name: choose a web-friendly name for your website.
- Create a professional website: make sure it’s user-friendly and reflects your brand.
- Establish a social media presence: create profiles on the platforms your customers use.
- Develop an online marketing strategy: SEO, content marketing, and social media advertising.
Operational Setup
- Purchase necessary equipment: computers, machinery, tools, or whatever is specific to your business.
- Set up your office or workspace: organize it to be productive and efficient.
- Purchase or manage inventory: make sure you have enough stock to start with.
- Hire employees: recruit, interview, and hire staff as needed.
- Set up payroll and HR systems: make sure you’re compliant with employment laws.
Launch Preparations
- Plan a grand opening: organize an event to generate interest and attract customers.
- Network with local businesses and the community: build relationships for support and collaboration.
- Establish a customer service strategy: decide on policies and training for handling inquiries and issues.
- Test your systems: make sure your operational, financial, and marketing systems work smoothly.
Ongoing Management
- Monitor finances: regularly review cash flow, profits, and expenses.
- Keep marketing your business: adapt strategies based on results and market changes.
- Seek feedback and adapt: listen to customers and adjust your business accordingly.
- Keep learning: stay informed about industry trends and best practices.
Checklist for Starting a Business
- Conduct Market Research
- Confirm demand and study your competitors.
- Write Your Business Plan
- Goals, strategy, financial projections — free SCORE review available.
- Fund Your Business
- Know how much you need and where it’s coming from.
- Pick Your Business Location
- Weigh zoning, accessibility, and cost.
- Choose a Business Structure
- Sole proprietorship, LLC, corporation, or other — affects taxes and liability.
- Choose Your Business Name
- Confirm it’s available to register.
- Register Your Business
- File with your state, and federally if applicable.
- Get Your Tax IDs
- EIN via IRS.gov — free, same-session issuance as of 2026.
- Check if your state also requires a separate tax ID.
- Apply for Licenses and Permits
- Varies by industry, state, and location — note renewal dates.
- Open a Business Bank Account
- Separate business and personal money from day one.
I like to use a checklist because it eliminates the need to think about every little detail. You’ll have random thoughts popping into your head all day long, and when you have a checklist prepared, you don’t have to worry — just get it out and start checking off what you’ve completed. The best part is you can update it as needed, adding and deleting tasks as your business changes.
FAQ: Starting a Business
Do I need an EIN to start a business?
- Not every business needs one, but most that hire employees, form an LLC or corporation, or file certain tax returns do. If you need one, apply directly through the IRS online — as of 2026 it’s free and the EIN is usually issued the same session.
How do I know what licenses and permits I need?
- It depends on your industry, state, and location, so there’s no single list that covers every business. Check with your state and local government directly, and keep track of renewal dates once you have them.
Where can I get free help planning my business?
- SCORE offers free mentoring for new business owners working through their plan.
Do these steps have to happen in a specific order?
- Roughly, yes — for example, most legal structures should be finalized before you apply for an EIN, and you’ll generally need your EIN before opening a business bank account. But some steps, like branding, can happen in parallel with others.
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