Maryland Business Startup Guides
Start a Business in Easton, Maryland
Are you starting a business in Easton, Maryland? This article discusses the most important things to consider when opening a business in Easton.
What Business Are You Starting?
An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Free Business Ideas.
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 a Back Number Newspaper Dealership guide or our How to Start a Model Airplanes Business guide.
Always keep in mind that you are opening your new business in Easton. Some businesses will do better in Easton than others. Don't forget to review Easton demographics to see if there's a market for what you want to sell.
Easton, Maryland Demographic Information
Easton has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Easton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Easton.
Businesses
As a new Easton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Easton 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
Have You Considered Buying an Existing Easton Business?
If you have some capital to play with, you may want to Buy a Business in Maryland. Follow that link and you may find several good businesses for sale in Easton.
Before buying a business, be sure to read this article: How to Buy a Business.
Naming the Business
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
There's one other important factor when naming a business. Since you are opening a business in Easton, it's critical that you ensure that no other Maryland company is using the business name you want to use.
Forming a Company in Easton, Maryland
It's very important that you are forming a legal entity that operates independently from you. The primary advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation 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 Maryland, you don't necessarily have to incorporate in Maryland. In fact, you can incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Avoiding Personal Liability in Business. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Easton, Maryland, our information on Incorporating in Maryland may be a useful resource if you decide to incorporate in Maryland.
Don't Skip the Business Plan
Creating a business plan is vital in laying a solid foundation for your business success. Simply put, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan
To learn more about business plans, read Business Presentations. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Maryland.
Increase Your Entrepreneurial Knowledge
Good entrepreneurs recognize that they need to continually improve.
With your business being located in Easton, Maryland, you will want to take advantage of the learning programs at local Maryland educational institutions. It's also wise to see if there are any Easton networking organizations.
Now It's Up To You
As an entrepreneur in Easton, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Easton and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Easton, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Easton, Maryland
Here are more links that we believe will help you be successful in starting a business in Easton.
- Resources for Easton, Maryland Entrepreneurs - Browse a variety of resources we've collected to assist Easton entrepreneurs.
- Maryland Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Maryland.
- Maryland Small Business Development Center - The Maryland Small Business Development Center Network has six regional offices and more than 20 locations where Maryland entrepreneurs can receive comprehensive, resources and relevant assistance.
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