Preparing your checklist...
Launch your business on solid financial footing.
LLC protects personal assets; cost varies $50-500 by state
Free; needed for business bank account and tax filing
Never mix personal and business finances
Start with a business credit card; pay on time consistently
QuickBooks, Wave, or spreadsheet — track every transaction
Varies by industry and location — research local requirements
General liability at minimum; E&O if providing professional services
Protect yourself legally; use an attorney for initial drafts
Self-employment tax (15.3%) + income tax — set aside 30-40%
Shelter up to $69k/year in tax-deferred retirement savings
Revenue can be unpredictable; longer runway than personal