Business Startup Checklist

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Business Start-Up Checklist


The first and most important step for individuals interested in establishing a business is to schedule an appointment with their local SBDC Office, listed below are the topics that will be discussed; 

Legal Structure

  • Sole proprietorships
  • Partnerships
  • Corporations 

Federal State and Local Tax issues (as applicable)

  • Federal Tax ID Number
  • Self-Employment Taxes
  • Federal Income Taxes
  • Employee Payroll Taxes
  • Texas Franchise Taxes
  • Business Property Taxes

Necessary Business Licenses and or Permits

  • Sales Tax Permit
  • Trade Permit
  • Health/Food Permit
  • Building Permit
  • Building Codes
  • Zoning Codes

Human Resources/Employee Issues

  • Workers Compensation/Insurance
  • Payroll

Business Plan Creation

  • Narrative
  • Resume
  • Financial Feasibility
  • Cash Flow Projection
  • Pro-Forma Income Statements
  • Loan Amortization Schedule
  • Detail Project Costs
     

Further assistance on financial feasibility is available by appointment at your Abilene SBDC office.

Please call 325-670-0300 for further assistance.