START-UP COST

WHAT WILL IT COST TO START MY BUSINESS?
NAME OF BUSINESS
TYPE OF BUSINESS

Cost for Starting a Business

SOLE PROPRIETORSHIP

• Ficticious Name Costs

CORPORATION

• Filing Fee
• Corporation Tax Prepayment
• Activation Fee
• Legal & Accounting Fees
• Subtotal: License & Legal Fees
• Taxing & Considerations

FOR BUSINESS W/EMPLOYEES

• Federal Tax ID
• Sales Tax Permit Prepayment
• Federal Est. Income Tax
• Pennsylvania Est. Incom Tax
• Pennsylvania Unemployment Tax
• Workers Comp. Insurance
• Subtotal: Tax-related Costs

ONE-TIME SETUP COSTS

• Leasehold Improvements
• Remodeling
• Furniture & Fixtures
• Installation Labor
• Signs
• Subtotal: Leasehol Improvements
• Deposits & Prepayments: Rent(First/Last: Some landloards require 3 months or more)
• Security Deposit
• CAM Charges (Common Area Maintenance)
• Telephone
• Other Utilities
• Inspection Fees
• UPS
• Subtotal: Deposits/Prepayments

GETTING READY TO DO BUSINESS

• Inventory
• Office Supplies
• Business Supplies
• Tools & Equipment
• Printing: Cards, Stationary, Advertising
• Petty Cash
• Register Cash
• Living Expenses (Working Capital) - 3 mos. minimum
• Subtotal: Setup Costs

MONTHLY COSTS

• Labor: Owner/Manager
• Employees
• Payroll Taxes/Benefits (Could be 8.75% of salaries without benefits)
• Subtotal:Monthly Costs-Labor

OPERATIONS

• Rent
• Advertising
• Delivery Expense
• Supplies
• Inventory Replenishment
• Telephone/Fax
• Other Utilities
• Repairs & Maintenance
• Legal/Accounting/Professional
• Interest/Principal on Loans
• Insurance
• Subtotal: Monthly Costs-Operation

TOTAL STARTUP CASH NEEDED

• License/Legal
• Tax Related
• Setup Costs
• Monthly Costs-Labor
• Monthly Costs-Operation
• Subtotal
• Add 10% Contingency
• Estimated Total Need

SCORE Bucks County Chapter 570 TEL:215-943-8850