diff --git a/falyx/__init__.py b/falyx/__init__.py
index 10b5003..8c0c713 100644
--- a/falyx/__init__.py
+++ b/falyx/__init__.py
@@ -16,8 +16,6 @@ from .hook_manager import HookType
 
 logger = logging.getLogger("falyx")
 
-__version__ = "0.1.0"
-
 __all__ = [
     "Action",
     "ChainedAction",
diff --git a/falyx/__main__.py b/falyx/__main__.py
index 367a901..7832d45 100644
--- a/falyx/__main__.py
+++ b/falyx/__main__.py
@@ -7,11 +7,12 @@ Licensed under the MIT License. See LICENSE file for details.
 
 import asyncio
 import sys
+from argparse import Namespace
 from pathlib import Path
 
 from falyx.config import loader
 from falyx.falyx import Falyx
-from falyx.parsers import get_arg_parsers
+from falyx.parsers import FalyxParsers, get_arg_parsers
 
 
 def find_falyx_config() -> Path | None:
@@ -32,12 +33,39 @@ def bootstrap() -> Path | None:
     return config_path
 
 
+def parse_args() -> Namespace:
+    falyx_parsers: FalyxParsers = get_arg_parsers()
+    init_parser = falyx_parsers.subparsers.add_parser(
+        "init", help="Create a new Falyx CLI project"
+    )
+    init_parser.add_argument("name", nargs="?", default=".", help="Project directory")
+    falyx_parsers.subparsers.add_parser(
+        "init-global", help="Set up ~/.config/falyx with example tasks"
+    )
+
+    return falyx_parsers.parse_args()
+
+
 def main() -> None:
+    args = parse_args()
+
+    if args.command == "init":
+        from falyx.init import init_project
+
+        init_project(args.name)
+        return
+
+    if args.command == "init-global":
+        from falyx.init import init_global
+
+        init_global()
+        return
+
     bootstrap_path = bootstrap()
     if not bootstrap_path:
         print("No Falyx config file found. Exiting.")
         return None
-    args = get_arg_parsers().parse_args()
+
     flx = Falyx(
         title="🛠️ Config-Driven CLI",
         cli_args=args,
diff --git a/falyx/init.py b/falyx/init.py
new file mode 100644
index 0000000..caa4725
--- /dev/null
+++ b/falyx/init.py
@@ -0,0 +1,75 @@
+# Falyx CLI Framework — (c) 2025 rtj.dev LLC — MIT Licensed
+from pathlib import Path
+
+from rich.console import Console
+
+TEMPLATE_TASKS = """\
+async def build():
+    print("🔨 Building project...")
+
+async def test():
+    print("🧪 Running tests...")
+"""
+
+TEMPLATE_CONFIG = """\
+- key: B
+  description: Build the project
+  action: tasks.build
+  aliases: [build]
+  spinner: true
+
+- key: T
+  description: Run tests
+  action: tasks.test
+  aliases: [test]
+  spinner: true
+"""
+
+console = Console(color_system="auto")
+
+
+def init_project(name: str = "."):
+    target = Path(name).resolve()
+    target.mkdir(parents=True, exist_ok=True)
+
+    tasks_path = target / "tasks.py"
+    config_path = target / "falyx.yaml"
+
+    if tasks_path.exists() or config_path.exists():
+        console.print(f"⚠️  Project already initialized at {target}")
+        return
+
+    tasks_path.write_text(TEMPLATE_TASKS)
+    config_path.write_text(TEMPLATE_CONFIG)
+
+    print(f"✅ Initialized Falyx project in {target}")
+
+
+def init_global():
+    config_dir = Path.home() / ".config" / "falyx"
+    config_dir.mkdir(parents=True, exist_ok=True)
+
+    tasks_path = config_dir / "tasks.py"
+    config_path = config_dir / "falyx.yaml"
+
+    if tasks_path.exists() or config_path.exists():
+        console.print("⚠️  Global Falyx config already exists at ~/.config/falyx")
+        return
+
+    tasks_path.write_text(
+        """\
+async def cleanup():
+    print("🧹 Cleaning temp files...")
+"""
+    )
+
+    config_path.write_text(
+        """\
+- key: C
+  description: Cleanup temp files
+  action: tasks.cleanup
+  aliases: [clean, cleanup]
+"""
+    )
+
+    console.print("✅ Initialized global Falyx config at ~/.config/falyx")
diff --git a/falyx/parsers.py b/falyx/parsers.py
index 49fa327..88979f0 100644
--- a/falyx/parsers.py
+++ b/falyx/parsers.py
@@ -2,7 +2,7 @@
 """parsers.py
 This module contains the argument parsers used for the Falyx CLI.
 """
-from argparse import ArgumentParser, HelpFormatter, Namespace
+from argparse import ArgumentParser, Namespace, _SubParsersAction
 from dataclasses import asdict, dataclass
 from typing import Any, Sequence
 
@@ -12,6 +12,7 @@ class FalyxParsers:
     """Defines the argument parsers for the Falyx CLI."""
 
     root: ArgumentParser
+    subparsers: _SubParsersAction
     run: ArgumentParser
     run_all: ArgumentParser
     preview: ArgumentParser
@@ -151,6 +152,7 @@ def get_arg_parsers(
 
     return FalyxParsers(
         root=parser,
+        subparsers=subparsers,
         run=run_parser,
         run_all=run_all_parser,
         preview=preview_parser,
diff --git a/falyx/version.py b/falyx/version.py
index 0c5c300..74acd0e 100644
--- a/falyx/version.py
+++ b/falyx/version.py
@@ -1 +1 @@
-__version__ = "0.1.11"
+__version__ = "0.1.12"
diff --git a/pyproject.toml b/pyproject.toml
index 4efe864..83869b3 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "falyx"
-version = "0.1.11"
+version = "0.1.12"
 description = "Reliable and introspectable async CLI action framework."
 authors = ["Roland Thomas Jr <roland@rtj.dev>"]
 license = "MIT"