Missouri Business Startup Guides

Start a Business in Linn, Missouri

Are you starting a business in Linn, Missouri? This article discusses the most important things to consider when opening a business in Linn.

Are You Ready for Life as an Owner?

Before announcing to the world that you are going to start your own business, take inventory of your entrepreneurial instincts and capabilities.

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Talk to other entrepreneurs in Linn. Listen closely to their experiences and see if you think you too can be successful.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

Linn, Missouri Demographic Information

Linn has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Linn demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Linn.

Business Size
# of
Businesses
1-4 Employees
408
5-9 Employees
108
10-19 Employees
84
20-49 Employees
48
50-99 Employees
18
100-249 Employees
0
250-499 Employees
6
500-999 Employees
0
1000+ Employees
0
All Linn Businesses
672

As a new Linn entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Linn 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.

Business Type
# of
Businesses
Automotive Parts and Accessories Stores
2
Book Publishers
1
Car Washes
2
Caterers
1
Claims Adjusting
1
Cut Stock, Resawing Lumber, and Planing
1
Electrical Contractors
1
Elementary and Secondary Schools
1
Finish Carpentry Contractors
1
Full-Service Restaurants
6
Funeral Homes and Funeral Services
1
Grantmaking Foundations
1
Homes for the Elderly
1
Insurance Agencies and Brokerages
2
Landscaping Services
1
Limited-Service Restaurants
3
Masonry Contractors
4
Motor Vehicle Body Manufacturing
1
Offices of Chiropractors
1
Offices of Dentists
1
Offices of Lawyers
2
Painting and Wall Covering Contractors
1
Periodical Publishers
1
Pet and Pet Supplies Stores
1
Pharmacies and Drug Stores
1
Sawmills
1
School and Employee Bus Transportation
1
Securities Brokerage
1
Shoe Stores
1
Site Preparation Contractors
3
Tire Dealers
1
Title Abstract and Settlement Offices
1
Veterinary Services
1
Wired Telecommunications Carriers
1
Wood Container and Pallet Manufacturing
1

Forming a Company in Linn, Missouri

It's very important that you form your business as a legal structure. The main 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 popular way to form a business. 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 Missouri, it doesn't mean you are required to incorporate in Missouri. In fact, you can incorporate in the state of your choosing. 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 Getting an EIN. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Linn, Missouri, our information on Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.

Don't Skip the Business Plan

Writing a business plan is critical to the health of your new business. In effect, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan will greatly reduce your chances of business success.

To learn more about business plans, read Business Plan Contests. You can also get free counseling sessions provided by your local SCORE chapter in Missouri.

Ramping Up Sales

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Linn or are selling to customers throughout Missouri, the United States or even the world, you have to be able to sell.

Clever sales techniques can transform any business from good to great. The good news is we can help you to make selling a big competitve advantage for your new firm.

Compensating Sales People is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Learning More About Entrepreneurship

Successful entrepreneurs recognize that they need to continually improve.

Given that you are starting a business in Linn, Missouri, you will want to take advantage of the learning programs at local Missouri educational institutions. It's also smart to see if there are any networking groups or organizations in which Linn entrepreneurs get together to network and trade their business experiences.

Never Give Up

You have a dream -- starting a business in Linn. 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.

This site is all about helping entrepreneurs in Linn and elsewhere to achieve real success. 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 Linn, Missouri

Here are more links that we believe will help you be successful in starting a business in Linn.

More Business Startup Guides for Missouri

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