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It covers defining objectives through a written business plan, selecting a business entity, choosing and checking a business name, and completing formation steps for a Missouri LLC. The checklist explains obtaining federal and Missouri tax identifiers, securing required licenses, and addresses core areas such as regulatory requirements, contracts and commercial leases, employees, and intellectual property.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/entrepreneur-checklist-2024-12-issues-to-consider-for-starting-a-for-profit-business/357550/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/entrepreneur-checklist-2024-12-issues-to-consider-for-starting-a-for-profit-business/357550.png","ImageObject",442,249,{"name":88,"@type":89},"Cart","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-16","2026-09-23",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the purpose of developing a written business plan at the start?","Question",{"text":108,"@type":109},"A written business plan helps clearly define business objectives and communicates them to lenders, customers, suppliers, management, employees, and professionals such as lawyers.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What business entity options are discussed for entrepreneurs?",{"text":113,"@type":109},"The document lists sole proprietorship, partnership, C-corporation, S-corporation, and limited liability company (LLC), noting each has different requirements and tradeoffs.",{"name":115,"@type":106,"acceptedAnswer":116},"What steps are required to form a Missouri LLC according to the checklist?",{"text":117,"@type":109},"The checklist calls for a registered agent, articles of organization, and an operating agreement, and explains submission costs and delivery methods for the articles of organization.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},357550,1791188150,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":15,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":79},18829141979164,"https://eur-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","LEGAL SERVICES OF EASTERN MISSOURI  \nCOMMUNITY ECONOMIC DEVELOPMENT MICROENTERPRISE PROGRAM  \nHere are 12 issues to consider as you start your for-profit business:  \nDevelop a Business Plan Choose a Business Entity  \nChoose a Business Name  \nFormation  \nObtain a Federal Employer Identification Number ( EIN) Obtain a Missouri Employer Tax Identification Number Obtain a Business License  \nProtection  \nRegulatory Requirements  \nContracts and Commercial Leases  \nEmployees  \nIntellectual Property  \nD EVE LO P A BUS I N ESS P LAN  \nThis is not a legal requirement, but the business’ objectives should be clearly-defined atthe outset. Having a written business plan helps to convey the business’ objectives to lenders, customers, suppliers, management, employees, and professionals ( i. e.  \nlawyers) .  \nBusiness plans should include the following information:  \n An executive summary  \n A description of the products or services being offered  \n A summary of the business history, management, and goals  \n A profile of the target customer  \n An analysis of the competition and market trends  \n Strategies for advertising and marketing  \n A list of assets, liabilities, budgets, and timelines  \n A forecast of sales and profits  \nSome agencies that can help draft business plans:  \n  St. Louis County Library  \n  St. Louis Public Library  \n Small Business Administration  \n SCORE:  \n  Business Plan Template for a Startup Business  \n Simple Steps for Starting Your Business  \nCHOOSE A BUSINESS ENTITY  \nThere are several business entity options: Sole proprietorship, Partnership, C-corporation, S-corporation and Limited Liability Company ( LLC) .  \nEach business entity has its own requirements and its own advantages and disadvantages. Below is a chart that compares the most common entities for entrepreneurs against each other. You should seek the advice of a lawyer before choosing or incorporating a business entity.  \n\n| ISSUES | Corporation | BUSINESS TYPE |  | Sole Proprietorship |\n| --- | --- | --- | --- | --- |\n|  |  | Limited Liability Company (LLC) | Partnership |  |\n| Summary | A corporation is a legal entity that is separate and distinct from its owners. Governed by Shareholders and Board of Directors. | A Limited Liability Company is a corporation that can be operated as a partnership ora sole proprietorship. Governed by Members (owners) . | A partnership is an association of persons who carry on as coowners of a business for profit. Owned by two or\u003Cbr>more persons. | In a sole proprietorship, an individual operates a business as their own, without any formal structure or separation from therest of their personal finances. |\n| Formation | Articles of Incorporation Bylaws | Articles of Incorporation Operating Agreement | Partnership Agreement Can occur by default | No formal process |\n| Liability | Board members and shareholders are not held liable for the actions of a corporations, but there are exceptions like fraudulent acts. | Member liability exposure is capped at the member’s respective investments in the business. | Full liability. No limited liability. Each partner is responsible for all liabilities of the\u003Cbr>partnership. | Full liability. No limited liability. |\n| Taxation | Double Taxation: Business’s income is taxed, Income is also taxed when distributed to Shareholders | An LLC with at least two members may elect to be taxed as a Partnership or a C Corp. Default is\u003Cbr>partnership. | Each partner treats their earnings as personal income. | Anything earned by the business would be taxed as\u003Cbr>ordinary income. |\n| Profit Sharing | Shareholders are paid dividends in proportion to their shares. | Members can choose how to share profits if the organization is being taxed as a partnership. | Default rule is 50/50 sharing. This can be changed by partnership agreement. The same rule applies to losses. | N/A |\n| Annual Reporting | Yes | N/A | N/A | N/A |\n| Annual | Yes | N/A | N/A | N/A |\n\nMeetings  \nPlease note: for simplicity, the rest of th","cbCaistb3CMs6SPJ","https://ap.wps.com/l/cbCaistb3CMs6SPJ","pdf",2286235,"English","# 12 Issues to Consider\n## Develop a Business Plan\n## Choose a Business Entity\n## Choose a Business Name\n## Formation (Missouri LLC)\n## Obtain a Federal Employer Identification Number (EIN)\n## Obtain a Missouri Employer Tax Identification Number\n## Obtain a Business License\n## Contracts and Commercial Leases\n## Employees\n## Intellectual Property","[{\"question\":\"What is the purpose of developing a written business plan at the start?\",\"answer\":\"A written business plan helps clearly define business objectives and communicates them to lenders, customers, suppliers, management, employees, and professionals such as lawyers.\"},{\"question\":\"What business entity options are discussed for entrepreneurs?\",\"answer\":\"The document lists sole proprietorship, partnership, C-corporation, S-corporation, and limited liability company (LLC), noting each has different requirements and tradeoffs.\"},{\"question\":\"What steps are required to form a Missouri LLC according to the checklist?\",\"answer\":\"The checklist calls for a registered agent, articles of organization, and an operating agreement, and explains submission costs and delivery methods for the articles of organization.\"}]","Entrepreneur Checklist 2024 - 12 Issues to Consider for Starting a For-Profit Business | PDF",1790130343]