Starting a Sole Proprietorship
Key steps for planning, registering, and launching a one-person business.
Requirements vary by country, so confirm local rules alongside these general steps.
Tick items as you go. Your progress is saved in this browser only.
Planning
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Define your business idea and target market
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Choose a business name and check its availability
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Write a simple business plan
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Research licensing and permit requirements for your industry Rules vary by country and municipality, so check with your local authority.
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Estimate startup costs and initial budget
Legal and registration
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Register the business name with the relevant authority
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Apply for a tax identification number
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Register for VAT or sales tax if required by your revenue level
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Check zoning rules if operating from home
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Review contract templates for clients or suppliers
Finance
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Open a separate business bank account
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Set up bookkeeping software or a spreadsheet system
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Decide on an invoicing process and payment terms
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Research required business insurance
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Set aside funds for estimated tax payments
Launch
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Set up a business website or online profile
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Create business cards or marketing materials
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Register on relevant business directories
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Announce the launch to your network
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Schedule a recurring time each month for bookkeeping