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My I have a Checklist for Starting a New Business

Answer: Owner’s Checklist for Starting a New Business

Background work

o assess your strengths and weaknesses

o establish business and personal goals

o assess your financial resources

o identify the financial risks

o determine the start-up costs

o decide on your business location

o do market research

o identify your customers

o identify your competitors

o develop a marketing plan


Business transactions

o select a lawyer

o choose a form of organization (proprietorship, partnership, or corporation, for example)

o create your business (register your name, incorporate the business, etc.)

o select an accountant

o prepare a business plan

o select a banker

o set up a business checking account

o apply for business loans (if applicable)

o establish a line of credit

o select an insurance agent

o obtain business insurance


First steps

o get business cards

o review local business codes

o obtain a lease

o line up suppliers (if applicable)

o get furniture and equipment

o obtain a business license or permit (if applicable)

o get a federal employer identification number (if applicable)

o get a state employer i.d. number (if applicable)

o send for federal and state tax forms

o join a professional organization

o set a starting date

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Global Business Service (GBS) Co., Ltd
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Head Office
8th Floor, Trade Centre Building
135A Pasteur Khai St, Ward 6,
District. 3, Ho Chi Minh City, Vietnam
Tel: (84 8) 35002828 - Fax: (84 8) 35233894
Mobile No: +84-903189033 (Ms. Thu)

Hanoi Office (DNAS)
Suite 301, 5 Ba Trieu Str, Hoan Kiem Dist.,
Hanoi, Vietnam
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Malta Office (BT International)
Suite 2, The Penthouse, Capital Business Centre, Entrance C
Triq taz-Zwejt, San Gwann SGN 3000, Malta
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Japan Office (Sarkar Office Japan KK)
No.2 Saiwai Bldg.3F, 2-13-7 Higashi-Mukojima, Sumida-Ku,Tokyo 131-0032, Japan
Tel: (+81 3) 56319127 - Fax: (+81 3) 56319106

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About GBS

GBS is a top 10 best business law firms & outsourcing company in Vietnam with a network of associate firms in South East Asia, Middle East, Japan, HongKong and Poland.

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