Rhode Island Business Startup Guides
Open a Business in East Greenwich, Rhode Island
Need help starting a business in East Greenwich, Rhode Island? We've got the information you need to open a business in East Greenwich.
Choosing the Right Company to Start
An important decision is what kind of business you want to start. We recommend that you read How to Evaluate a Business Idea.
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 Dance Club guide or our Starting a Tatoo Parlor guide.
Remember that East Greenwich is the place where you are starting a business. Some businesses will do better in East Greenwich than others. Don't forget to review East Greenwich demographics to see if there's a market for what you want to sell.
East Greenwich, Rhode Island Demographic Information
East Greenwich has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for East Greenwich demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in East Greenwich.
Businesses
As a new East Greenwich entrepreneur, you may also be interested in the table below. It shows how many businesses there are in East Greenwich 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
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.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
For other considerations regarding naming a company, we recommend this article: Naming a Business.
On a final note, given that you are opening a business in East Greenwich, it's very important that you make sure you will be the only Rhode Island company using the business name you have chosen.
Forming a Company in East Greenwich, Rhode Island
It's essential that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
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 Rhode Island, it doesn't mean you are required to incorporate in Rhode Island. As it turns out, you can incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Piercing the Corporate Veil. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in East Greenwich, Rhode Island, our information on Incorporating in Rhode Island may be a useful resource if you decide to incorporate in Rhode Island.
Don't Forget to Create a 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 Find Sample Business Plans Online. You can also get face-to-face free consulting available from your local SCORE chapter in Rhode Island.
Building Up Your Sales
Being able to sell is essential to your business success. Whether you are focused on selling local customers in East Greenwich or are selling to customers throughout Rhode Island, the United States or even the world, you have to be able to sell.
So what does it take to bring in more prospects and close more business? Let us help you refine your selling techniques through our many useful sales advice tips.
Selling Stuff on the Web is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
Moving Forward
You have a dream -- starting a business in East Greenwich. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
We are here to help East Greenwich businesses to be successful. 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 East Greenwich, Rhode Island
Here are more links that we believe will help you be successful in starting a business in East Greenwich.
- Resources for East Greenwich, Rhode Island Entrepreneurs - Browse a variety of resources we've collected to assist East Greenwich entrepreneurs.
- Rhode Island Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Rhode Island.
- Rhode Island Small Business Development Center - The Rhode Island Small Business Development Center provides entrepreneurs with best fit resources to create and transform their businesses.
Starting-a-Business Guides for Other Cities in Rhode Island
Starting a Business in Cumberland
Starting a Business in East Providence
Browse All Business Startup Guides for Rhode Island
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs