Getting Into Business Checklist
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Arizona Western College
Small Business Development Center
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Getting Into Business Checklist
The Essential Items to BeginAny Sized Business Enterprise
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Determine the type of business organization
1. Sole-Proprietorship 2. Partnership (Contract - formal or informal)3. 'C' Corporation4. 'S' Corporation5. LLC (Limited Liability Company)
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Trade Name (or d/b/a)
1. Research Trade Name (availability & appropriate)2. Select Trade Name3. Register Trade Name4. AZ Corporation Commission5. AZ Licensing Information
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Apply for all tax numbers
1. Federal EIN (apply online @ irs.gov) 2. State and local sales tax (research online @ azdor.gov)3. Federal Withholding4. State Withholding5. State Compensation Fund6. State Unemployment
Tax Calendar for Small Businesses and Self-Employed (Publication 1518)
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Apply for all business licenses and permits
1. City Occupational (Home Based Business) (928) 373-50742. Yuma County Health Department @ (928) 317-4550 3. City & County Building Code @ (928) 817-5000 4. Fire & Safety @ (928) 726-7737
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Open Business Bank Account
1. Commercial 2. Reserves 3. Savings 4. Payroll 5. Quarterlies6. Merchant Account 7. Owners Draw
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Establish Employee Pay Records
1. Employee files2. E-Verify3. I-9 Forms4. W-25. Payroll Forms6. Workers' Compensation (State Compensation Fund)
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Establish Employee Benefit Plan
1. IRS 125 (Cafeteria Plan)2. Vacation 3. Sick Leave4. Investment5. Insurance6. Employee Handbook
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Selecting Employees
1. Employment applications2. E-Verify3. Check references4. Training5. Formulate Job Descriptions6. Employee Handbook
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Arrange for Business Insurance
1. Workers' Compensation2. Fire3. Premise Liability4. Errors and Omissions (E&O)5. Vehicle (Personal Use vs. Business Use)
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Complete Utility Applications and Make Deposits
1. Telephone2. Water3. Gas4. Electric5. Trash6. Recycle
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Order Stationary and Office Equipment
1. Business Journal2. Daily Sales Records3. Sales Tickets4. Invoices5. Receipts
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Plan Promotional Material
1. Signs2. Advertising3. Promotional Items4. Press Releases5. Website6. Mailing List
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Prepare or Review Capital Investment Projections
Evaluating Your Business Plan
Small Business Online Resources
SBA Small Business Planner
The Center For Veterans Enterprise Web Portal
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RECAP
1) What do I need and want out of life? 2) How can my company help me accomplish that? 3) What would such a company look like? 4) What would it take to get there?
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Thank You for Sharing Your Dream!
“What are you most afraid your competition will do to you?”
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Small Business Development Center
Sandra HernandezBusiness Analyst(928) 317-6151Se Habla Españ[email protected]
Alan PruittBusiness Analyst(928) [email protected]