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Small business quick start checklist

Everything you need to do in your first 90 days — legal, tax, banking, and insurance. Check each item off as you go.

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Choose your business structure

Sole prop if testing an idea, single-member LLC for liability protection, S-Corp once you're consistently profitable. This decision affects your taxes, liability, and paperwork.

Do this first — everything builds on it
Register your business with your state

File Articles of Organization (LLC) or Articles of Incorporation (Corp) with your state's Secretary of State. Fees vary — Hawaii DCCA is $50, California is $70.

Get your federal EIN from the IRS

Apply free at irs.gov/ein — takes 15 minutes and you get it instantly. You need this before opening a business bank account or hiring anyone.

Free · instant · irs.gov/ein
💡 Not sure which structure is right for you? The full LLC vs S-Corp comparison guide is inside the membership — including a decision calculator that factors in your profit level and state.
Register for state taxes before your first sale

Every state is different. Hawaii requires GET registration (Form BB-1 at hitax.hawaii.gov). California requires SOS registration + FTB. Check your state's requirements before day one.

⚠ Must do before first sale
Set up EFTPS for federal estimated taxes

Create a free account at eftps.gov to pay your quarterly federal estimated taxes. You'll owe payments 4 times a year — April 15, June 16, September 15, January 15.

⚠️ Missing quarterly tax payments? The IRS charges an underpayment penalty on top of what you owe. Use the free quarterly calculator inside the membership to get your exact number.
Open a dedicated business bank account

Never mix personal and business money. If you have an LLC, commingling funds can destroy your liability protection. Open a separate account the same week you register.

Critical for LLC liability protection
Set up bookkeeping software from day one

Wave is free and excellent for solo founders. QuickBooks if you need more features. Connect your business bank account and categorize every transaction from the start — not retroactively.

Wave is free · wave.com
Get general liability insurance

Required by most landlords and commercial clients before they'll work with you. Typically $400–$800/yr for a solo founder. Get a quote from Hiscox, Next, or your local insurance broker.

Open a SEP-IRA retirement account

15 minutes at Fidelity or Vanguard. You can contribute up to 25% of your net self-employment income — fully deductible. At Hawaii's 11% state tax rate, a $20,000 contribution saves $2,200 in state tax alone.

Most valuable tax move you can make
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You've completed the quick start checklist!

You're off to a strong foundation. Ready to go deeper? The full membership includes state-specific tax guides, interactive calculators, and every guide you need to run your business with confidence.

See full membership →

Ready to go deeper?

The full membership includes state-specific tax deep dives, the quarterly tax calculator, LLC vs S-Corp guide, commercial lease decoder, write-offs guide, and a lot more.

See full membership →