Missouri Business Startup Guides
Start a Business in Louisiana, Missouri
Are you starting a business in Louisiana, Missouri? This article discusses the most important things to consider when opening a business in Louisiana.
Are You Sure You Want to Do This?
Before you get too far along in the process, consider 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 Louisiana. Ask them candidly what it's like to run a business.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Louisiana, Missouri Demographic Information
Louisiana has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Louisiana demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Louisiana.
Businesses
As a new Louisiana entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Louisiana 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
Is a Franchise Opportunity Right For You?
As you drive around Louisiana, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
We advise the entrepreneurs we work with to evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as How to Franchise a Business. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include The Complete Garage and Discount Sports Nutrition. Alternatively, you can browse franchise categories, such as Health and Beauty Franchises and Leisure and Entertainment Franchises.
Note on Louisiana Franchise Opportunities: To find out if a franchise you are interested in is available in Louisiana, you will need to get in direct contact with the franchisor.
What About Buying an Existing Louisiana Business?
If you have some capital to play with, you may want to Buy a Business in Missouri. Follow that link and you may find several good businesses for sale in Louisiana.
If you are serious about buying a business, you may want to read this article: How to Buy a Business.
Forming a Company in Louisiana, Missouri
A critical step is ensuring that you choose the right legal structure for your new entity. Doing so will separate 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. 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. 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 Subchapter S Corporations. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Louisiana, Missouri, our web page covering Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.
Advancing Your Entrepreneurial Skills
Good business owners recognize that they don't know everything.
With your business being located in Louisiana, Missouri, you should get information on some of the many programs available at nearby Missouri universities, colleges and community colleges. You should also check if there are any Louisiana networking organizations.
Next Steps
You have a dream -- starting a business in Louisiana. 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 Louisiana and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Louisiana, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Louisiana, Missouri
Here are more links that we believe will help you be successful in starting a business in Louisiana.
- Resources for Louisiana, Missouri Entrepreneurs - Browse a variety of resources we've collected to assist Louisiana entrepreneurs.
- Missouri Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Missouri.
- Missouri Small Business Development Center - Missouri Small Business Development Center business specialists are uniquely qualified to help small businesses get started, develop and thrive.
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