5 SBDC - Startup Checklist doc - radford 2025

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10 steps to start your business Conduct market research. Write your business plan. Fund your business. Pick your business location. Choose a business structure. Choose your business name. Register your business. Get federal and state tax IDs.
Financial Statements: Balance Sheet (Assets Liabilities = Equity) Income Statement (Revenues Expenses = Net Income (Loss) Statement of Cash Flow. Statement Financial Model. Market Analysis. Customer Analysis. Operational/Financial Analysis.
Here are 10 must-have legal documents you need to start a new business. Business Plan. Doing Business As (DBA) Partnership Agreement. Incorporation Documents. LLC Articles of Organization. Foreign Qualification. Apostille. Business Licenses and Permits.
12 Steps to Starting a Business Step 1: Write a Business Plan. Step 2: Develop a Marketing Plan. Step 3: Consult with Industry Professionals. Step 4: Choose a Business Location. Step 5: Develop a Financial Plan. Step 6: Determine the Legal Structure of Your Business. Step 7: Register a Business Name (Doing Business As)
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