Oklahoma Business Startup Guides
Start a Business in Owasso, Oklahoma
Are you starting a business in Owasso, Oklahoma? This article discusses the most important things to consider when opening a business in Owasso.
Are You Sure You Want to Do This?
Before announcing to the world that you are going to start your own business, assess your entrepreneurial instincts and capabilities.
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Reach out to other entrepreneurs in Owasso. Ask them candidly what it's like to run a business.
- Peruse Should You Become an Entrepreneur?. This is one of our more popular articles for folks who want to go into business for themselves.
- Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Owasso, Oklahoma Demographic Information
Owasso has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Owasso demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Owasso.
As a new Owasso entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Owasso 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.
Have You Considered Buying an Existing Owasso Business?
If you have some capital to play with, you may want to Buy a Business in Oklahoma. Follow that link and you may find several good businesses for sale in Owasso.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Naming the Business
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
On a final note, given that you are opening a business in Owasso, it's very important that you make sure no other Oklahoma company is using the business name you want to use.
Forming a Company in Owasso, Oklahoma
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will protect 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. 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 Oklahoma, you don't necessarily have to incorporate in Oklahoma. 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 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 Pre-Incorporation Agreements. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Owasso, Oklahoma, our information on Incorporating in Oklahoma may be a useful resource if you decide to incorporate in Oklahoma.
How to Improve Your Entrepreneurial Abilities
The best business owners recognize that they don't know everything.
With your business being located in Owasso, Oklahoma, you will want to take advantage of the many programs available at nearby Oklahoma universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Owasso entrepreneurs.
You have a dream -- starting a business in Owasso. 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 Owasso and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Owasso, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Owasso, Oklahoma
Here are more links that we believe will help you be successful in starting a business in Owasso.
- Resources for Owasso, Oklahoma Entrepreneurs - Browse a variety of resources we've collected to assist Owasso entrepreneurs.
- Oklahoma Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Oklahoma.
- Oklahoma Small Business Development Center - Whether you are in business or thinking about it, the Oklahoma Small Business Development Center staff can assist you. Their goal is to help Oklahoma entrepreneurs like you be more successful.
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