You have decisions to make. Choosing a physical location is critical — but don’t overlook the steps you need to take before you open your doors.
We have compiled the checklist below as a general guideline. Each business is different, so be sure to research and ask questions. Consider joining the Retail Council for all your business needs.
- Choose your new business name and register it. Visit the New York State name reservation page to see if the name is available for use.
- Choose a business structure (e.g., sole proprietorship, partnership, corporation or limited liability company). The type you choose influences the licenses and permits you need, insurance liability and tax responsibilities.
- See if local permits and licenses are required by checking with your county, city, town and/or village.
- Register for taxes with the New York State Tax Department and apply for a Certificate of Authority to collect sales and use taxes.
- Obtain a federal employer identification number (EIN) from the IRS (required if you have employees).
- Acquire all necessary insurance policies. Most businesses must have unemployment and workers’ compensation insurance, and some need disability and health insurance.
- Choose your point of sale (POS) system and mobile payment solution. Need help deciding? We provide a free analysis of what works best for your business. And be sure you can accept payments online.
- Enroll in a payroll processing service for seamless, dependable payment of your employees. Retail Council members get a three-year price lock with Heartland Payroll. We can get you in touch with a local rep.
- Sign up for discounted shipping rates with FedEx and freight.
