Utah Business Startup Guides
Start a Business in Cedar City, Utah
Are you starting a business in Cedar City, Utah? This article discusses the most important things to consider when opening a business in Cedar City.
Which Business to Choose?
An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read How to Evaluate a Business Idea.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting an Aircraft Charter, Rental, & Leasing Business guide or our How to Start a Limousine Dealers & Manufacturers Business guide.
Always keep in mind that starting a business in Cedar City has some implications. If Cedar City already has plenty of the kind of business you want to start, you might want to change your plans. A critical consideration is whether Cedar City demographics mesh well with your startup concept.
Cedar City, Utah Demographic Information
Cedar City has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Cedar City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Cedar City.
Businesses
As a new Cedar City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Cedar City for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.
Businesses
Should You Buy an Existing Cedar City Business?
An excellent way to get started in business is to Buy a Business in Utah. Follow that link and you may find several good businesses for sale in Cedar City.
Before buying a business, be sure to read this article: How to Buy a Business.
Forming a Company in Cedar City, Utah
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very common way to legally create a business entity. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Utah, you don't necessarily have to incorporate in Utah. As it turns out, you can incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There are many nuances to forming a company. To learn the basics of company formation, browse articles on our site, such as Nevada Incorporation. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Cedar City, Utah, our web page covering Incorporating in Utah may be a useful resource if you decide to incorporate in Utah.
Don't Skip the Business Plan
Creating a business plan is vital to the health of your new business. Simply put, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan
Before you start writing a business plan, we suggest you skim Business Plan Mistakes. You can also get free counseling sessions provided by your local SCORE chapter in Utah.
Where to Get Money to Start a Company
Raising money to fund your new Cedar City business will be harder than you might expect. In fact, financing your new business may be the hardest challenge you ever face.
Take advantage of our many articles on finding startup capital, such as Borrowing Money from Friends and Family.
For Cedar City entrepreneurs on the hunt for startup funding, check out our List of Utah Angel Investors and our List of Utah Venture Capital Firms.
Advancing Your Entrepreneurial Skills
Good entrepreneurs recognize that they need to continually improve.
As an entrepreneur who lives in Cedar City, Utah, you should investigate some of the many programs available at nearby Utah universities, colleges and community colleges. You should also check if there are any Cedar City networking organizations.
Now It's Up To You
You have a dream -- starting a business in Cedar City. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Cedar City businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Cedar City, Utah
Here are more links that we believe will help you be successful in starting a business in Cedar City.
- Resources for Cedar City, Utah Entrepreneurs - Browse a variety of resources we've collected to assist Cedar City entrepreneurs.
- Utah Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Utah.
- Utah Small Business Development Center - The Utah Small Business Development Centers will lead the way in entrepreneurial education, advocacy, and business development statewide.
More Business Startup Guides for Utah
Starting a Business in Castle Dale
Starting a Business in Delta
Browse All Business Startup Guides for Utah
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs