Washington Business Startup Guides
Starting a Business in Chehalis, Washington
Thinking about starting a business in Chehalis, Washington? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Chehalis.
Chehalis, Washington Demographic Information
Chehalis has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Chehalis demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Chehalis.
As a new Chehalis entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Chehalis 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.
Is a Franchise Opportunity Right For You?
As you drive around Chehalis, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
We highly recommend you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Franchise Due Diligence. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Seekers Coffee House & Cafe and HomeTown Threads. Alternatively, you can browse franchise categories, such as Framing Store Franchises and Juice Bar Franchises / Smoothie Franchises.
Note on Chehalis Franchise Opportunities: To find out if a franchise you are interested in is available in Chehalis, you will need to get in direct contact with the franchisor.
Choosing a Company Name
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
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.
For other considerations regarding naming a company, we recommend this article: Naming a Business.
There's one other important factor when naming a business. Since you are starting a business in Chehalis, it's very important that you make sure no other Washington company is using the business name you want to use.
Company Formation in Chehalis, Washington
A critical step is ensuring 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.
The entity you form can be 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. Just because you are starting a business in Washington, it doesn't mean you are required to incorporate in Washington. In fact, you are allowed to 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's a lot to know about 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 may also want to seek the advice of an attorney. Finally, if you are starting a business in Chehalis, Washington, our information on Incorporating in Washington may be a useful resource if you decide to incorporate in Washington.
Don't Skip the Business Plan
A business plan is essential in maximizing the prospects of your new company. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.
Advancing Your Entrepreneurial Skills
Good business owners know that they need to continually improve.
Given that you are starting a business in Chehalis, Washington, you will want to take advantage of the many programs available at nearby Washington universities, colleges and community colleges. It's also worthwhile to see if there are any Chehalis networking organizations.
You have a dream -- starting a business in Chehalis. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Chehalis and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Chehalis, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Chehalis, Washington
Here are more links that we believe will help you be successful in starting a business in Chehalis.
- Resources for Chehalis, Washington Entrepreneurs - Browse a variety of resources we've collected to assist Chehalis entrepreneurs.
- Washington Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Washington.
- Washington Small Business Development Center - Washington Small Business Development Centers promote economic vitality by providing advice, training and research to Washington entrepreneurs and existing Washington businesses.
Starting-a-Business Guides for Other Cities in Washington
Share this article
Additional Resources for Entrepreneurs