Step 1: Business formation

Want to start a business, but not sure where to begin? Propel can help you set up a business effectively – laying a sturdy foundation that supports sustainable growth and success. We’ll guide you through the most critical decisions regarding business structure, mission, and operational framework, helping you answer questions like, “In which state should I incorporate my business?” and “How do I get an EIN?”

• Choosing a business structure
• Selecting a business location
• Naming a brand and avoiding trademark conflicts
• Securing federal and state tax IDs
• Applying for licenses and permits
• Opening a business bank account

Proper legal and financial structuring ensures compliance with regulations, mitigates risks, and fosters investor confidence. You might have a killer idea for a profitable new company, but without meticulous attention to these initial steps, you just might be setting yourself up for failure. Propel can prepare you for the best shot at success.