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1. Choose The Right Niche
2a. Choose the Right Name & Entity
2b. Define Your Practice
3a. Build Your Identity
3b. Determine Your Startup Budget
4a. Choose the Right Location
4b. Choose the Right Equipment
5a. Get Your Federal ID & State Numbers
5b. Open Bank Account & Begin Bookeeping
6a. Get Your Insurance Contracts
6b. Choose Your Supplies
7a. Setup Your Billing and Payment Channels
7b. Prepare Your Facility
8a. Pre-open Advertising
8b. Setup Your Scheduling System
9a. Create Your Intake System
9b. Create Your Evaluation System
10a. Create Your Treatment System
10b. Recruit Employee(s)
11a. Implement Your Marketing Plan
11b. Screen/Hire/Orient Your Employee(s)
12a. Train/Motivate/Pay Your Employee(s)
12b. Implement Policies for Success
13a. Collection Procedures
13b. Track Your Daily Productivity & Cash Flow
14a. Make Contact with Referral Sources
14b. TRUE MARKETING |
Download the checklist here
IMPORTANT:
Under Construction. Many links may be broken.
Table
of Contents
Start Here!
Start
by viewing the recommended readings from
the IRS. We are here to help you through the process of fulfilling all
the requirements to starting your own business. Much
of the information is from the IRS resources however we
will tailor it to the needs of a physical therapist in private
practice. We will break down the requirements
into four categories (1) Federal (2)
State (3) County/City and (4) Other
considerations.
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Federal (if you
intend to have employees)
| Item
Name |
Notes
|
Description
|
Instructions
|
| Employer
Identification Number |
Also
known as the federal tax ID number or EIN. |
Identifies you with the federal government as an
employer. Account number for your employer tax accounts.
(Medicare, social security, income, etc.)
|
Online
Application.
Very easy. File as soon as possible.
|
| Equal
Opportunity Employment Poster |
Required
to display where employees can see it |
U.S.
Department of Labor |
Download the poster here |
| Federal
Minimum Wage Poster |
Required
to display where employees can see it |
Virtually
all business entities are subject to the federal minimum wage, overtime
and child labor laws. |
Download
the poster here |
| Health
& Safety Poster |
Required
to display where employees can see it |
The
Federal Occupational Safety and Health Administration (OSHA) outlines
specific health and safety standards employers must meet for
the protection of employees. |
Download the
OSHA poster here |
| Family
& Medical Leave Act Poster |
Required
to display where employees can see it |
U.S.
Department of Labor |
Download the poster
here |
| Notice
to Workers with Disabilities |
Display
where employees can see it |
U.S.
Department of Labor |
Download the poster here |
| Employee
Polygraph Protection Act |
Display
where employees can see it |
U.S.
Department of Labor |
Download the poster here |
| W-4 |
Have
employee complete at hire |
Withholding
Allowance Certificate |
Download the form here |
| Employer Eligibility Verification" |
Have employee complete at hire
|
The Federal Immigration Reform and Control Act of
1986 requires all employers to verify the employment eligibility of new
employees.
|
Download Form I-9
|
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State
| Item
Name |
Notes
|
Description
|
Instructions
|
| Unemployment
Insurance Tax |
Required
when hiring employees |
If the company has one or more employees for 20
weeks in a calendar year, or it has paid gross wages of $1,500 or more
in a calendar year. The taxes are payable at a rate of 2.7 percent on
the first $8,500 in annual wages of an employee. Unemployment insurance
must be reported and returns made to the state.
|
Register with Your State
|
| Sales
Tax Number |
Required
before opening business if you are selling anything tangible. |
In
each state, there is a specified percent sales and use tax which
applies to the retail purchase, retail site, rental, storage, use or
consumption of tangible personal property and certain services. In
other words, sales tax must be collected on just about every tangible
item sold. |
File Online Now
Not a
big issue for us.
|
| New
Hire Reporting |
Within
20 days of hire |
New
Hire Reporting is the process by which employers report information on
newly hired employees to a designated state agency shortly after the
date of hire |
Get Info |
| State Poster
Requirements for your employees |
|
|
Instructions here |
| Worker's
Compensation |
|
If a business employs three or more people,
workers' compensation insurance must be carried to provide protection
to those injured in on-the-job accidents. The State Board of Workers'
Compensation aids people who need claim assistance.
|
Get a Quote from
Multiple Vendors Now!
|
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County/City
| Item
Name |
Notes
|
Description
|
Instructions
|
| Fictitious
Business Name |
This
does not apply to corporations doing business under their corporate
name. |
Businesses that use a name other than the owner's
must register the fictitious name with the county as required by the
Trade Name Registration Act. Check for the appropriate name of the
Trade Name Registration Act in your area.
|
Contact Your State Department or County Recorders
Office
|
| Business
License |
If
outside city limits get county license |
Required for any person or entity doing
business or carrying on a trade within the city limits. |
If not
contacted, check with your city hall. |
| Fire
Inspection |
They
will notify you |
All businesses are inspected annually to
ensure conformance with the uniform fire code. |
If not
contacted, check with your city hall |
| Certificate
of Occupancy |
For
Commercial Space |
You
may have to apply for a Certificate of Occupancy from a city or county
zoning department. |
For
more information contact the county or city office in your
area. |
| Business
Insurance |
Talk
with your landlord as well |
Like
home insurance, business insurance protects the contents of your
business against fire, theft and other losses. Many small businesses
must protect themselves from lawsuits and other situations for which
they might be deemed liable. |
Get Multiple Quotes
Now! |
| Notification
to Assessor |
They usually send a form.
|
Businesses are
required to notify the County Assessor's Office of new business
activities
|
Simple
|
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Other Considerations
Building and Construction Permit: Plans for new buildings, renovations, and
tenant improvements must be checked in advance of building permit
issuance. Required for residential and commercial construction work. It
may include the following: Other Inspection and Fees Permit Fee For
Residential Aluminum Patio Covers, Grading Permit, Plumbing Permit,
Mechanical Permit, and Electrical Permit.
Police Regulations/Public Safety Issues:
Some city police departments offer business
crime prevention programs and may also issue permits for certain
activities i.e. burglar alarm, solicitors, firearm sales, etc. -
requirements vary from city to city. Most cities have an ordinance
requiring a permit to have an illegal entry alarm.
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Resource
Links
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Find help
in your local area - IRS Taxpayer Assistance Centers are your one-stop
resource for face-to-face tax help and solutions to tax problems, every
business day. Taxpayer Assistance Centers are closed for all federal holidays.
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