A Checklist of Business Startup Costs


A Checklist of Business Startup Costs

Table of Contents

There's more to starting a business than having an idea, endless coffee supply and lots of passion. In the thrill of starting something new or fresh, it's common for newbie entrepreneurs to jump into the action and forget about accounting for startup costs.

If you don't meticulously plan for expenses you'd incur when you begin, you could be risking your business's future and longevity. Also, knowing how much it costs to start a small business will help you see if you can bootstrap your way into entrepreneurship or will you need some additional funding.

While startup costs can vary based on the type of business, there are common expenses all business owners will face. So what should startup costs include? Here are common business startup costs and how to estimate them:

Small business startup costs

The Bottom Line on Business Startup Costs

Here's the takeaway — startup costs will vary greatly based on the business you want to begin. Stepping into entrepreneurship is invigorating and it can seem a bit boring to sit down and crunch numbers. But, look at it this way — by being realistic about your startup business expenses, you're essentially paving a path for success.

If you're unsure about calculating business startup costs, we'd recommend working with a new business expert. Incfile can help you identify, plan for and search for funding for costs you're likely to encounter as a budding business owner. Opting to legally form an LLC with us is one way you can minimize your startup expenses. We'll file the Articles of Incorporation for free (just state fees).

Form Your LLC @ $0 + State Fee. Includes Free Registered Agent Service for a Full Year.

Paper List

Like What You're Reading?

Get fresh monthly tips to start & grow your LLC.

Related Articles

  • 2023 Tax Deduction Cheat Sheet (Plus Key Tax Workarounds)
  • 15 Cheapest States to Form an LLC in the U.S.
  • 15 Items You Can Easily Flip for $100-$5,000 in Profit a Month
  • Get an LLC for Free: A Step-by-Step Guide
  • 7 Home Business Ideas That Double as Tax Write-Offs
  • Can a Minor Own a Business?
  • How to Transfer Your LLC to Another State
  • A Giant List of Self-Employment Ideas
  • How to File a DBA in Texas
  • 5 Virtual Address Services for Your Small Business
  • Should I Start an LLC for My Side Hustle?
  • How Do You Obtain Free Business Address for Your LLC?
  • Choosing an Amazon Seller Business Type: LLC vs. Sole Proprietorship
  • Need a Physical Address for Your Business?
  • ​Do LLCs Get a 1099 During Tax Time?
  • Mompreneurs: Top Home Business Ideas for Mom That Can Make Up to $100,000/Year
  • Anonymous LLC States: Where You Can File and How
  • What Are the Tax Benefits of an LLC for a Rental Property?
  • Our Business Names Are Too Similar, But I Am Already Established. What Can I Do Legally to Force a Name Change?
  • 10 Best Business Checking Accounts for LLCs