The starting a business timeline maps every key milestone from idea validation to your first customer. Enter your start date and business type to get a personalized calendar of action items.
Configure Your Business Timeline
Your Business Launch Timeline
How to Start a Business Step by Step
Starting a business has two phases: the legal/administrative setup (typically 4-8 weeks) and the go-to-market execution (ongoing). Most first-time founders spend too long on setup and not enough time talking to potential customers early.
Validate before you incorporate
The most common startup mistake is building a product no one wants. Before paying filing fees, have 10 conversations with your target customer and get at least 3 people to say they would pay for your solution. This takes 1-2 weeks and costs nothing. If you cannot get 3 early adopters excited, pivot before investing further.
LLC vs Sole Proprietorship
A sole proprietorship is automatic — no filing needed, just start working. An LLC creates a legal separation between your personal and business assets, protecting your personal finances if your business faces a lawsuit. The cost is typically $50-$500 in state filing fees. If your business involves any client interaction, physical risk, or significant revenue, an LLC is worth it.
Critical early steps: EIN and bank account
After formation: get an EIN free at IRS.gov (instant online), open a dedicated business bank account (never mix personal and business funds — it destroys your LLC liability protection), and get a $500-$1M general liability policy ($50-100/month) if you meet clients or deliver physical services.
FAQ
Is this business timeline tool free?
Yes, completely free with no signup required.
Is my data private?
Yes. No data is sent to any server.
How long does it take to form an LLC?
LLC formation time varies dramatically by state. Delaware, Wyoming, and Nevada process online in 1 business day. Most states take 5-15 business days online, or 3-6 weeks by mail. Some states like California can take 3-6 weeks even online. Many states offer expedited processing for an additional fee ($50-$150).
Do I need an EIN for a single-member LLC?
Yes, even if you are the sole owner with no employees, an EIN is needed to open a business bank account (most banks require it) and may be required for certain state taxes. An EIN is free and obtained instantly at IRS.gov — do not use paid services for this.
When can I start accepting payments?
Technically you can start generating revenue before formal registration, especially as a sole proprietor. However, for LLCs, it is best to have the entity formed and a separate business bank account open before collecting customer payments, to maintain the liability protection that an LLC provides.