[Company Name]

New Company Setup Checklist

COMPANY INFORMATION
Company name:
Address:
Telephone number:
Fax number:
Date business started:
Number of owners:

CHECKLIST
Choose type of business entity. Business entity type: [Sole Proprietorship/LLC/Corporation]
Select end of fiscal year. Fiscal year-end: December 31
Apply for IRS Employer Identification Number (EIN), if applicable.	To obtain Form SS-4 to apply for an EIN, go to irs.gov
Register with state as a business.	[Licensing contact information]
Obtain county and city business licenses.	[Licensing contact information]
If corporation, file letters of incorporation. If partnership, create and sign partnership agreement.	[Attorney contact information]
Purchase insurance plan(s).	[Insurance agency contact info]
Create company Web site. Web site address:
Choose an accounting method: [Cash/Accrual]
Select and purchase accounting software.	[Software recommendations]
Install and set up accounting software.
Open a business banking account.
Obtain a business credit card.
Consider contracting with payroll processing firm and/or record-keeping firm.	[Payroll service information]
Establish a salary agreement for each owner.
Establish a retirement plan.