Ohio Business Startup Guides
Starting a Business in Canton, Ohio
Thinking about starting a business in Canton, Ohio? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Canton.
Canton, Ohio Demographic Information
Canton has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Canton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Canton.
Businesses
As a new Canton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Canton 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
What About Buying an Existing Canton Business?
An excellent way to get started in business is to Buy a Business in Ohio. Follow that link and you may find several good businesses for sale in Canton.
For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.
Forming a Company in Canton, Ohio
It's essential that you are forming a legal entity that operates independently from you. 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.
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 Ohio, you don't necessarily have to incorporate in Ohio. As it turns out, you are allowed to incorporate in any state you would like to. 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 Offshore Company Formation. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Canton, Ohio, our web page covering Incorporating in Ohio may be a useful resource if you decide to incorporate in Ohio.
Getting Money to Start a Business
Obtaining startup financing for your Canton business is not an easy task. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Getting a Small Business Loan.
For Canton entrepreneurs who want to raise money for a new venture, browse our List of Ohio Angel Investors and our List of Ohio Venture Capital Firms.
How to Sell
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Canton or are selling to customers throughout Ohio, the United States or even the world, you have to be able to sell.
Good selling involves demonstrating that your wares meet your customer's needs. The good news is we can help you to make selling a big competitve advantage for your new firm.
Landing Big Customers offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Increase Your Entrepreneurial Knowledge
The best business owners recognize that they don't know everything.
With your business being located in Canton, Ohio, you should check out some of the many programs available at nearby Ohio universities, colleges and community colleges. Another way to keep up on your entrepreneurial education is to investigate networking organizations for Canton entrepreneurs.
What's Next?
You have a dream -- starting a business in Canton. 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.
Our goal here is to promote the vitality and growth of small businesses in Canton and throughout the United States . 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 Canton, Ohio
Here are more links that we believe will help you be successful in starting a business in Canton.
- Resources for Canton, Ohio Entrepreneurs - Browse a variety of resources we've collected to assist Canton entrepreneurs.
- Ohio Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Ohio.
- Ohio Small Business Development Center - Whether you're starting your business, expanding your business, or just looking to stay in business, the Small Business Development Centers of Ohio (SBDCs of Ohio) can help with professional guidance by connecting you with research, financing sources, and training opportunities.
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