Checklist: Permits, Licenses, and Other Logistical Details

(From Checklists for Starting an Internet Business)

Business registration and licensing requirements will vary depending on where you live. This isn't an exhaustive list, but it's a good start (feel free to add to the list). Many cities also have organizations dedicated to helping small businesses.

Check zoning regulations. Make sure that you are allowed to run a business from your home. Some residential areas may place restrictions on the types of businesses that can be run from your home. Try calling city offices first; if they don't have this information, they may be able to point you in the right direction.
Apply for or purchase any required licenses or permits. Check with local authorities to find out what licenses and permits you need to operate a business.
Research any additional regulations applicable to your product. Find out if there are restrictions on producing it from your home.
Decide on a business structure. Many Internet home businesses start out as sole proprietorships; visit the US Small Business Association for more information or talk to a qualified legal professional.
Register a business name.
Assess your financial situation. Where will you get the funds to start and build a business?
Secure additional funds, if necessary. Loans, lines of credit, grants, savings, and employment income are some ways that entrepreneurs can finance their businesses. The US Small Business Association offers a useful list.
Look into opening a business banking account. Make an appointment with your bank to discuss your situation. They'll be able to suggest the best package for your needs.
Review your insurance needs. This includes coverage for your home business assets, life insurance (your family's needs could change due to your change in income), and car insurance (for example, if your business doesn't require you to do a lot of driving your rates may actually go down since you don't use your car for commuting). Talk to your insurance agent for details.
Consult with professionals. Depending on your situation, you may need to use the services of lawyers, accountants or bookkeepers, and others.
Talk to your accountant and your local tax office. Ask for any relevant information on how your home business will affect your tax situation.

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