- Doing Business in Webster
- Opening a New Business
Opening a New Business
Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage your business. The links below will take you to information provided by the U.S. Small Business Administration.
Step 1: Write a Business Plan
Use these tools and resources to create a business plan. This written guide will help you map out how you will start and run your business successfully. The Small Business Development Center at Clark University in Worcester provides free one-on-one consultations to help you develop your business plan and get your new business running. These are experienced entrepreneurs that are happy to assist you any way they can.
Step 2: Get Business Assistance and Training
Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business.
Step 3: Choose a Business Location
Get advice on how to select a customer-friendly location and comply with zoning laws.
Step 4: Finance Your Business
Find government backed loans, venture capital and research grants to help you get started.
Step 5: Determine Legal Structure of Your Business
Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative.
Step 6: Register a Business Name
Register your business name with your state government. Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency.
Step 7: Register for State & Local Taxes
Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance.
Step 8: Obtain Business Licenses and Permits
Get a list of federal, state and local licenses and permits required for your business.
Step 9: Understand Employer Responsibilities
Learn the legal steps you need to take to hire employees.
Step 10: Find Local Assistance
Contact your local Small Business Association (SBA) office to learn more about how SBA can help.