Complete Business Launch Guide

Business Compliance Checklist

Everything your business needs to operate legally, qualify for grants, and attract investors — organized by phase.

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⚠️ Urgent: BOI Report Required

All LLCs and Corporations formed after January 1, 2024 must file a Beneficial Ownership Information (BOI) report with FinCEN. The penalty is $500 per day for non-compliance. Filing is free and takes 15 minutes. File now →

Phase 1 — Entity Formation

Choose your entity type

LLC, Corporation, or Nonprofit (501c3)

Appoint a Registered Agent

Required for all LLCs and Corporations

File with Secretary of State

Articles of Organization (LLC) or Articles of Incorporation (Corp/Nonprofit)

Complete Newspaper Publication

UrgentNY, AZ, NE only

Required in New York, Arizona, and Nebraska

Draft an Operating Agreement / Bylaws

Internal governance document

Phase 2 — Tax & Federal Registration

Obtain your EIN (Employer Identification Number)

Free

Free — IRS online application takes 15 minutes

Register on SAM.gov

Free

Required for all federal grants and contracts

File your BOI Report with FinCEN

UrgentFree

Required for all LLCs and Corporations formed after January 1, 2024

Apply for 501(c)(3) Tax-Exempt Status

Nonprofits only — IRS Form 1023 or 1023-EZ

Phase 3 — Local & State Compliance

Obtain a Business License

City, county, and/or state operating license

File a DBA / Fictitious Business Name

If operating under a name different from your legal entity name

File Annual / Biennial Reports

Urgent

Required by most states to keep your entity in good standing

Obtain Required Professional Licenses

Industry-specific licenses (medical, legal, contractor, childcare, etc.)

Phase 4 — Banking & Insurance

Open a Business Bank Account

Free

Separate from personal finances

Obtain Business Insurance

General liability insurance — required by most grant funders

Set Up Payroll

Required if you have employees

Phase 5 — Credibility & Online Presence

Set Up a Professional Business Email

Not Gmail or Yahoo — use your domain

Build a Business Website

Even a simple one-page site

Create a Google Business Profile

Free

Free — improves credibility and local search visibility

Create a Candid / GuideStar Profile

Free

Nonprofits only — required or preferred by most foundation funders

Trademark Your Business Name / Brand

USPTO trademark registration

Phase 6 — Grant & Funding Readiness

Get a Professionally Written Grant Application

Increase your approval odds significantly

Have a Professional Business Plan

Required for SBA loans, investors, and many grants

Register on Grants.gov

Free

Required for all federal grant applications

Ready to get started?

YourFundingBridge handles entity formation, grant writing, and business plan creation — so you can focus on running your business.

Ask our Funding Advisor →