New York Business Startup Guides
Start a Business in Mexico, New York
Are you starting a business in Mexico, New York? This article discusses the most important things to consider when opening a business in Mexico.
What Type of Business Should You Start?
There are many businesses that you can start. How do you know which type of business is right for you? You might get some good ideas about what kind of business to start by reading Good 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 Film Festival guide or our How to Start a Real Estate Attorneys Commercial & Industrial Business guide.
Remember that starting a business in Mexico has some implications. The business you want to start may already be well-represented in Mexico. A critical consideration is whether Mexico demographics mesh well with your startup concept.
Mexico, New York Demographic Information
Mexico has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Mexico demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Mexico.
Businesses
As a new Mexico entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Mexico 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 Mexico Business?
An excellent way to get started in business is to Buy a Business in New York. Follow that link and you may find several good businesses for sale in Mexico.
Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
On a final note, given that you are planning on starting a business in Mexico, it's very important that you make sure your company name has not already been claimed by another New York business.
Forming a Company in Mexico, New York
It's very important 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 traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in New York, you don't necessarily have to incorporate in New York. 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 Subchapter S Corporations. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Mexico, New York, our web page covering Incorporating in New York may be a useful resource if you decide to incorporate in New York.
Don't Skip the Business Plan
A business plan is vital to the health of your new business. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.
To learn more about business plans, read The Art of the Executive Summary. You can also get free counseling sessions provided by your local SCORE chapter in New York.
Learning More About Entrepreneurship
Successful business owners recognize that they don't know everything.
Given that you are starting a business in Mexico, New York, you should get information on some of the many programs available at nearby New York universities, colleges and community colleges. You should also check if there are any networking groups or organizations in which Mexico entrepreneurs get together to network and trade their business experiences.
Moving Forward
You have a dream -- starting a business in Mexico. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Mexico and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Mexico entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Mexico, New York
Here are more links that we believe will help you be successful in starting a business in Mexico.
- Resources for Mexico, New York Entrepreneurs - Browse a variety of resources we've collected to assist Mexico entrepreneurs.
- New York Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New York.
- New York Small Business Development Center - The New York State Small Business Development Center delivers high quality business counseling and training to New Yorkers who want to start a business or improve the performance of an existing business.
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