Business Law - Starting Your Own Business Checklist

  • Determine your legal business requirements: the form of your business, contracts, product liability concerns, etc.
  • Register the business name with the Secretary of State.
  • Meet with an accountant to discuss accounting systems, tax-planning, projections, employee compensation, profit-sharing systems, etc.
  • Obtain a Federal Tax Identification Number.
  • Obtain appropriate licenses.
  • Obtain appropriate insurance.