Start Your Own Business: A Euforia Quick Start Guide

This streamlined checklist covers the essential steps to launch a legally compliant and well-organized business.  This guide is provided for informational purposes only and is intended as a general overview. It does not constitute legal, tax, or professional advice. You should consult with qualified professionals, such as attorneys, accountants, or tax advisors, to address your specific business needs and ensure compliance with all applicable laws and regulations.

1. Choose Your Business Structure
Select the legal structure that best fits your goals and risk level. Common options include Sole Proprietorship, LLC, S Corporation, and C Corporation. Your choice affects taxes, liability, and paperwork.
Learn more: irs.gov – Business Structures

2. Apply for an EIN (Employer Identification Number)
An EIN is a unique ID issued by the IRS and is required for hiring employees, opening a business bank account, and filing taxes.
Apply online: irs.gov – Apply for EIN

3. Register Your Business Name
If using a business name other than your own, file a DBA ("Doing Business As") with your state or local authority to legally operate under that name.
Check your state requirements: sba.gov – Register Your Business

4. Register with the State
Most businesses must register with the Secretary of State to operate legally. This may include Articles of Organization (for LLCs) or state business licenses.
Details by state: sba.gov – State Registration

5. Apply for a Sales Tax Permit
Required in states where you sell taxable goods or services. This permit allows you to collect sales tax from customers.
Find your state’s requirements: taxjar.com – State Sales Tax Guides

6. Obtain a Resale Certificate
Once registered to collect sales tax, apply for a resale certificate to purchase goods for resale without paying tax.
State-specific forms and rules: avalara.com – Resale Certificate Guide

7. Open a Business Bank Account
Separating personal and business finances helps protect liability status, simplifies bookkeeping, and increases professionalism. Most banks require your EIN and proof of registration.

8. Set Up Accounting or Bookkeeping
Use software or a professional bookkeeper to track income, expenses, and taxes from day one. This helps you stay organized and tax ready.
Tools to explore: QuickBooks, Wave, Xero, Bench

9. Understand Tax Obligations
Stay compliant with federal, state, and local taxes. Depending on your business, this may include sales tax, income tax, self-employment tax, and payroll taxes.
Resources:
irs.gov – Small Business Tax Center
sba.gov – Business Taxes

10. Create a Simple Business Plan
A business plan helps clarify your offering, target market, pricing, and financial goals. Even a one-page plan can guide your strategy.
Start here: sba.gov – Write Your Business Plan