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Prepare an initial business plan to clarify your marketing, management, and financial plans.
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Determine your start-up capital needs.
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Identify sources of start-up capital and backup sources if needed.
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Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
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Work with your attorney to identify and select a business structure that best fits your needs by evaluating tax advantages, legal exposure, and ease of operation.
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Select the right bookkeeping software and assist with bookkeeping system set up.
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Prepare a Cash Flow Budget so you know the money needed to keep the business alive each month for the first few years.
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Establish billing and collection procedures to maximize your cash flow.
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Establish procedures to monitor and control costs.
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Prepare and file required state and local licenses and permits.
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Prepare and file your application for the practice's Federal Employer Identification Number.
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Selection a payroll company and needed services.
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Comply with employment laws.
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Identify your business insurance needs.
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Determine real estate leasing options and cost considerations, and assist attorney with lease agreement issues.
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Work with your attorney to develop a solid partnership agreement if there will be more than one owner.