Checklist for How To Start a Business

Starting a business should be an exciting time, not a difficult one. From registering with the State to hiring qualified employees, our How to Start a Business checklist will walk you through the steps of starting a business.

Basics of Establishing a Small Business

Looking to register your company with the State as a sole proprietor, LLC, SCORP or CCORP? Make sure you are getting the right attorney for the job.

• Find a full list of attorneys.
• Register your company.

Apply for an Employer Identification Number (EIN). It's free and easy to do yourself; or have an attorney help!

• Apply for EIN.
• Find a full list of attorneys.

A sales tax number is required but that doesn't mean it has to be difficult. Have an accountant help you register to ensure all steps are covered.

• Register for sales tax.
• Find a full list of accountants.

All that money needs to go somewhere! Open a business bank account to keep your earnings safe and secure.

• Find a full list of banks.

Setting up a strong accounting system is a crucial step in a business' money management. Find the right accountant for your business.

• Find a full list of accountants.

Keep your business secure by setting up an insured coverage plan for your business.

• Find a full list of insurance agents.

Complete the Beneficial Ownership Information (BOI) report

• Find out how to file a report.

Not sure where to go from here? Find guidance, business plans and cashflow advice to keep your business on the upward trajectory.

• Find your Small Business Development Center (SBDC) office.
• Find your SCORE chapter.
• Grow your business with the help of the Women's Business Center.
• Discover resources at the Drake Legal Clinic.

Next Steps

Learn how to navigate the maze of business licensing requirements, including:

• Federal Licensing
• City Clerk
• Construction Contractor Registration
• Daycare/Childcare Licensing
• Restaurant or Bakery (Not Serving Alcohol)
• Liquor License
• Licensing Vehicles and Drivers
• Other Licensing and Permits

Prepare your business for the hiring and firing process before bringing on employees.

• Learn more about how to maneuver unemployment insurance.
• Explore how workers compensation works.

Join a state or regional association to propel your business to success, such as:

• Iowa Restaurant Association
• Cosmetologist and Barbers of Iowa
• Iowa Childcare Resource and Referral
• Contact your professional association to find more resources specific to your industry.

Take claim over your idea by filing for a trademark and/or patent.

• Find a full list of attorneys to help.

Additional Resources

Looking for additional resources? The Small Business Resources Hub contains in-depth information on timely topics affecting small business owners like yourself, including tips for getting started.