Entity Start-Up Checklist

ENTITY START UP CHECKLIST PRESENTED BY

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MIRAGE GLOBAL START UP CHECKLIST

We understand as to how challenging starting a new entity could be for you as an entrepreneur. To assist new businesses we have created a series of checklist to guide you through the process and make your start up process simple. This checklist can also be used by mature businesses to realize their potential and ensure that they are covering all bases. Mirage Global can assist you with various items within this checklist or can get to you to one of their affiliate firms in providing quality, efficient service at competitive pricing. For details contact [email protected] We have divided the checklist in various categories for effectiveness of entity start up a nd ease of understanding for entrepreneurs.

ENTITY INCORPORATION GENERAL FINANCIAL PLAN START-UP EXPENSES BUDGET MONTHLY OPERATING EXPENSES PROFESSIONAL PROFESSIONAL SERVICE PROVIDERS AGREEMENTS PLANS CORPORATE COMPLIANCE AND GOVERNANCE MODELS COMPANY PROCESSES MARKETING OFFICE SPACE CHECKLIST EQUIPMENT CHECKLIST INSURANCE INFORMATION TECHNOLOGY





ENTITY INCORPORATION

Select Entity Type (C Corp, S Corp, LLC, LLP, LP, etc.) Select State for Incorporation Select Legal Name for your business Select Legal Address / Registered Address for your Business File Articles of Incorporation / Organization with Secretary of State File Employer Identification Number (EIN) with IRS Get State IDs (if required) Get DOL# (if hiring employees) Open Bank Account Order Corporate Kit / Legal Seal / Certificates, etc. Prepare Bylaws / Operating Agreement File Form 8832 with IRS (if applicable a pplicable for treating entity differently for tax purposes) Get Required Business Licenses Register with Dun & Bradstreet (if needed)

GENERAL

Prepare Organization Chart with Roles & Responsibility Create a Vision Statement for your Organization Create your Corporate Mission Statement Order Business Phone / Online Fax Register your company domain (if planning to have a website) Create Basic Email addresses such as [email protected] Create Company Logo Create Business Cards Order Basic Stationary Create Marketing Brochures / Catalogs

FINANCIAL PLAN





Create Financial Forecast for next 3 years on annual basis Create Accounts Receivable Strategy Create Reminder for important deadlines such as Quarterly Estimated Taxes, Annual Taxes, Payroll Taxes (if applicable), Business License Renewal, Franchise Taxes (if applicable), etc. Open Business Credit Card / Apply for Line of Credit Determine if you need Venture Capital Funds / SBA Loans / Bank Financing

START UP EXPENSES BUDGET

Office Furniture Computers Printer / Copier / Fax / Scanner S canner Office Software Business Phone Line Installation Fee Telephone Office Supplies Stationary Business Cards Printing (Marketing Materials / Brochures) Website Setup Costs (design, domain name, etc.) Business License / Fees Professional Consulting (Management Consulting, Lawyers, Accountants, Accountants, etc.) Other Expenses

MONTHLY OPERATING EXPENSE

Salaries Benefits Rent (or portion of mortgage) Office Supplies





Insurance Costs Membership Dues Printing Materials Marketing Expenses Web Hosting Magazine Subscription / Professional Literature Training and Conferences Legal and Accounting Services Banking Expenses Entertainment Taxes Other

PROFESSIONAL SERVICE PROVIDERS

CONSULTING FIRM – MIRAGE GLOBAL CPA / ACCOUNTING FIRM LEGAL / ATTORNEY FIRM MARKETING / PR FIRM BANKING FIRM INSURANCE FIRM HUMAN RESOURCE FIRM / RECRUITERS

AGREEMENTS

Employee Agreement Contractor Contractor Agreement Advisory Group Agreement (if applicable) Teaming / Reseller Agreement Non Disclosure Agreement (NDA) Non Compete Agreement





Arbitration Agreement (Integrity Agreement) Accounts Accounts Receivable Security Agreement Buy-Sell Agreement Partnership Agreement

PLANS

Business Plan Marketing Plan Financial Plan Operational Operational Plan Pla n Employee Stock Option Plan

CORPORATE COMPLIANCE AND GOVERNANCE

Select Board of Directors Select Advisory Board Create List of Officers Certificate of Resolution (Issuance of 1244 Stock) by Board of Directors Share Allocation Certificate of Share ownership for Buy/Sell Notice of Corporate Shareholder Meeting Minutes of Annual Meeting of Shareholders S hareholders and Directors Receipt for Shares of Stock Resignation of Directors / Officers

MODELS

Business Model Operational Operational Model







COMPANY PROCESSES

Select Document Management System Select Accounting Accounting / Payroll System Sys tem Select Time Tracking for Employees Select Time & Billing Application Select Customer Relationship Management Application Set up Outlook or other Email Application Set up Email Policies and Processes Set up Telephone Policies and Processes Select Benefit Package for Employees Create Process for Employee Review Set up Online or Outlook Calendar Define other internal and external process (as needed by your business)

MARKETING

Review and Edit Marketing Plan on as needed basis Select External Marketing / PR firm (if needed) Create Marketing Materials such as brochures / catalogs Review and Update Website regularly Attend and use Trade Shows and General Group Meetings for branding

OFFICE SPACE CHECKLIST





Bookcases for Reference Material Chair(s) Computer and software Printer/fax/copier/scanner Desk (one or more) Filing cabinet Lamps and lighting Storage shelves Work table (for putting together packets of material) Accordion files Binders Brochures Business cards Business stationery Calculator Cell phone Day planner or PDA Envelopes (all sizes) File folders File labels Index cards Laser pointer and other supplies for making presentations Mailing labels Mailing envelopes Paper Paper clips Paper cutter (for trimming brochures, postcards, etc.) Pens, pencils, markers, and erasers





INFORMATION TECHNOLOGY

Create Information Technology Policy Set up Network (peer to peer, hybrid, etc.) Set up proper Security Settings / Firewall Set up Router / Internet Set up Email / Exchange Server Create User Policies Website Creation and Hosting Create Staff Email Ids Search Engine Optimization (SEO) Website Administration and management Load needed applications Use of PDAs / Blackberry

SERVICE AND PRODUCT

Define your Service / Product Define your target market Do SWOT Analysis

Entity Start-Up Checklist

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