ENTITY START UP CHECKLIST

PRESENTED BY
 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
sales@mirageglobal.com

We have divided the checklist in various categories for effectiveness of entity start up and ease
of understanding for entrepreneurs.

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

2 ENTITY START UP CHECKLIST | Email: sales@mirageglobal.com

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 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 sales@yourcompany.com
 Create Company Logo
 Create Business Cards
 Order Basic Stationary
 Create Marketing Brochures / Catalogs

FINANCIAL PLAN

 Prepare Start-Up Capital Requirements

 Prepare Working Capital Requirements (next 6 months expenses preferred)
 Create Financial Cash Forecast for next 1 year on monthly basis

3 ENTITY START UP CHECKLIST | Email: sales@mirageglobal.com

  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
 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, etc.)
 Other Expenses

MONTHLY OPERATING EXPENSE

 Salaries
 Benefits
 Rent (or portion of mortgage)
 Office Supplies
 Telephone
 Internet Service
 Postage & Courier
 Travelling Expense (including mileage)
4 ENTITY START UP CHECKLIST | Email: sales@mirageglobal.com
  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 Agreement
 Advisory Group Agreement (if applicable)
 Teaming / Reseller Agreement
 Non Disclosure Agreement (NDA)
 Non Compete Agreement
 Non Circumvent Agreement
 Master Service / Service Agreement
 License Agreement (if applicable)

5 ENTITY START UP CHECKLIST | Email: sales@mirageglobal.com

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

PLANS

 Business Plan
 Marketing Plan
 Financial Plan
 Operational Plan
 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 and Directors
 Receipt for Shares of Stock
 Resignation of Directors / Officers

MODELS

 Business Model
 Operational Model
 Revenue Model
 Pricing Model

6 ENTITY START UP CHECKLIST | Email: sales@mirageglobal.com

COMPANY PROCESSES

 Select Document Management System

 Select Accounting / Payroll System
 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

 Client convenience
 Commute
 Safety in neighborhood / district
 Enough Light in the Parking Area
 Enough Parking
 Space for Growth
 Affordability

EQUIPMENT CHECKLIST

 Federal and State Employment Posters in Break Area

7 ENTITY START UP CHECKLIST | Email: sales@mirageglobal.com

  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
 Post-it notes
 Postage stamps
 Ruler
 Stapler and staples
 Tape

INSURANCE

 Personal / Professional Liability

 Errors & Omissions
 Directors & Officers
 Employment Practices Liability Insurance (EPLI)
8 ENTITY START UP CHECKLIST | Email: sales@mirageglobal.com
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

Please note that the contents of this list may not cover all the required checklist points for your business. This list is also
subject to change without notice. For questions please contact Mirage Global at sales@mirageglobal.com or call us at +1
(678) 648-7036. You can also visit www.mirageglobal.com for more information.

9 ENTITY START UP CHECKLIST | Email: sales@mirageglobal.com