By Marty Aquino, eHow Money Contributor
24 MAR 11
Starting a business requires coordinating a multitude of tasks, too many for most people to remember, by creating a checklist you can stay organized and on top of the most important actions. Register your business name and setup the company's legal structure. Then, build a business plan to create your success roadmap. Raising outside capital is often a necessary phase for many start-up companies. Making a managerial plan for day-to-day activities is also advantageous.
Register your business name as one of your first official actions. Each state will have varying requirements for business name registration, so check with your state agency. If you don't register your name properly, you allow the possibility of some other company taking it for their own. You must also choose a legal structure such as an LLC, C corporation, sole proprietorship or partnership. Consult with a legal advisor to submit the appropriate paperwork.
Your Business Plan Is Your Success Roadmap
Nearly every lender, venture capital firm and angel investing group will demand a well thought out business plan before investing any money into your company. Your business plan is the story of how you are going to run, build and lead your company to success. A complete business plan will contain components such as an executive summary, a marketing analysis, marketing strategies and financials. A well-crafted business plan often uncovers hidden, but important, tasks helping you succeed -- faster.
Raising Capital, Read more: A Checklist for a Small Start-up Business