African SMES & Startups

Business Start Up Checklist

  • 1 Select a Name and Legal Structure
  • 2 Write a Business Plan
  • 3 Obtain your Federal Employer Identification Number (FEIN)
  • 4 Open the Company’s Bank Account
  • 5 Lease Office, Warehouse or Retail Space (if not home-based)
  • 6 Obtain Licenses and Permits
  • A. Federal Permits
  • B. State Licenses
  • C. Sales Tax Permit
  • D. Business License
  • 7 Hire Employees (if applicable)
  • 8 Set up an Accounting and Record-Keeping System
  • 9 Obtain Business Insurance
  • 10 Systemize and Organize
  • 11 Develop a Business Identity
  • 12 Get the Word Out (Marketing)
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