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Determine the structure of your entity and file appropriate documents with your Secretary of State.
Designate someone to file any annual reports necessary to maintain your entity’s status.
Set up an Employer Identification Number (EIN) with the IRS.
Open bank accounts with your new EIN (don’t use personal accounts).
Take advantage of each person’s strengths and weaknesses. Consider taking and having professionally evaluated a personality test like the Myers-Briggs.
Keep licenses up to date by adding renewal deadlines to your calendar and budgeting for fees.
Obtain business insurance to cover potential liabilities.
Keep track of your books by using QuickBooks or similar software, or by hiring a bookkeeper.
Decide if you are going to accept credit cards. If so, use a service such as Square that works with your phone or tablet.
Set up phone lines, email accounts, websites and business cards.
Decide what kind of marketing you will do.
If neither one of you really wants to do this upfront work, divide it or agree to hire someone else to manage it so there is no resentment.