West Virginia Business Startup Guides
Open a Business in Union, West Virginia
Need help starting a business in Union, West Virginia? We've got the information you need to open a business in Union.
What Type of Business Should You Start?
An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Good Business Ideas.
To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Dog & Horse Racing Business guide or our Opening an Ophthalmology Pediatrics Physicians & Surgeons Business guide.
Always keep in mind that you are starting a business in Union. Some businesses will do better in Union than others. Only by spending some time analyzing Union demographics can you decide if there will be strong demand for your business idea.
Union, West Virginia Demographic Information
Union has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Union demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Union.
As a new Union entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Union 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.
Should You Franchise?
Examine a list of Union businesses and you'll see that franchises make up a large percentage of local businesses. Evidently, there must be some significant advantages to purchasing a franchise.
Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Growth Trends in Franchising. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include CerTax Accounting and Green Mill Restaurants. Alternatively, you can browse franchise categories, such as Child Photos and Portraits Franchises and Financial Services Franchises.
Note on Union Franchise Opportunities: To find out if a franchise you are interested in is available in Union, you will need to get in direct contact with the franchisor.
Naming the Company
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.
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: Branding Advice.
There's one other important factor when naming a business. Since you are planning on starting a business in Union, it's critical that you ensure that no West Virginia company has already registered the company name you have selected.
Forming a Company in Union, West Virginia
A critical step is ensuring that you form your business as a legal structure. Doing so will insulate 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 common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in West Virginia, it doesn't mean you are required to incorporate in West Virginia. In fact, you can incorporate wherever you want. 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. To learn the fundamentals of company formation, browse articles on our site, such as Company Formation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Union, West Virginia, our web page covering Incorporating in West Virginia may be a useful resource if you decide to incorporate in West Virginia.
Getting Money to Start a Business
Obtaining startup financing for your Union business is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Business Incubators.
As an entrepreneur in Union, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Union and elsewhere to achieve real success. 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 Union, West Virginia
Here are more links that we believe will help you be successful in starting a business in Union.
- Resources for Union, West Virginia Entrepreneurs - Browse a variety of resources we've collected to assist Union entrepreneurs.
- West Virginia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in West Virginia.
- West Virginia Small Business Development Center - The West Virginia Small Business Development Center (WVSBDC) promotes economic development through a program of practical, interrelated services, providing assistance to existing West Virginia small businesses and the emerging West Virginia entrepreneur.
Starting-a-Business Guides for Other Cities in West Virginia
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