10 Business Startup Considerations

  1. Potential profitability of the business
  2. Potential Liability of the business
  3. Entity formation and tax type
  4. Industry specific regulatory/compliance requirements
  5. Accounting Method and Bookkeeping system
  6. Professionals to Hire
  7. Initial capital requirements including equipment purchases
  8. Hiring employees vs independent contractors
  9. State filing requirements
  10. Organization and startup costs