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Create a well-developed Business Plan including market analysis, competitive analysis, and financial projections.

Assess your initial capital requirements to ensure you have the funds necessary to launch your business.

Identify and secure start-up funding sources including backup options if needed.

Determine your borrowing capacity so you know how much financing you can access.

Choose the optimal business structure by evaluating tax benefits, legal implications, ease of management, and flexibility.

Develop accounting systems and procedures that are efficient and effective for tracking business results.

Create a Cash Flow Budget to accurately project monthly financial needs and avoid unexpected cash shortfalls.

Implement efficient billing and collection processes to help your business maintain its financial cash flow.

Set up employee payroll and benefits to maximize tax deductions while ensuring full regulatory compliance.

Set up a home office to maximize tax deductions and operational efficiency.

Handle all necessary state and local licenses and permits ensuring compliance.

Obtain your Federal Employer Identification Number (FEIN) to meet federal requirements.

Provide payroll and payroll tax filing services so when you hire your first employee.

Determine health insurance options for you, your family, and employee satisfaction.

Identify necessary business insurance coverage to protect your business.

Draft a robust Partnership Agreement essential for new partnerships to prevent future financial conflicts.