Checklist for Starting a New Business

 Is the Business Plan and Cash Flow Analysis complete?

• How can I obtain the least expensive financing? Is it through investors, personal money, bank financing, home mortgage or a small business administration (SBA) loan?
• Am I properly coordinating my personal and business income taxes to pay the lowest taxes possible?
• Do I know the basic Federal and State income tax rules that apply to my business?
• What employee benefit programs should I implement currently and which ones would I like in the future?
• Does the business have a good employee manual? What should be in the manual?
• If I have partners, what provisions should be in the operating or shareholder agreements?
• Should the partners enter into a buy-sell agreement and what provisions should be in the agreement?
• Does my personal estate plan properly consider the business?