Prepare Organizational Paperwork

21. Partnership:

• Partnership agreement
• Buyout agreement (also known as a buy-sell agreement)

22. LLC:

• Articles of organization
• Operating agreement
• Buyout agreement (also known as a buy-sell agreement)

23. C Corporations:

• Pre-incorporation agreement
• Articles of incorporation
• Corporate bylaws
• Buyout agreement (also known as a buy-sell agreement or stock agreement)

24. S Corporations:

• Articles of incorporation
• Corporate bylaws
• Buyout agreement (also known as a buy-sell agreement or stock agreement)
• File IRS Form 2553, Election by a Small Business Corporation

Find a Business Location

25. Identify the features and fixtures your business will need. (See Ten Steps to Determining the Space You Need for Your Business.)

26. Determine how much rent you can afford.

27. Decide what neighborhood would be best for your business and find out what the average rents are in those neighborhoods.

28. Make sure any space you're considering is or can be properly zoned for your business. (If working from home, make sure your business activities won't violate any zoning restrictions on home offices.) (See Pick a Legal Location and Avoid Zoning Trouble.)

29. Before signing a commercial lease, examine it carefully and negotiate the best deal. (See Negotiating the Best Commercial Lease Terms.)

Buy it now! Start & Run Your Business Bundle.

Reprint permissions

« prev  1 2 3 4 5  next »