New York Business Startup Guides

Starting a Business in Walton, New York

Thinking about starting a business in Walton, New York? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Walton.

Are You Ready for the Challenges of Being an Entrepreneur?

Before announcing to the world that you are going to start your own business, assess 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.

  • Speak with other entrepreneurs in Walton. Listen closely to their experiences and see if you think you too can be successful.
  • You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
  • Involve a spouse, family member or trusted friend in the decision. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

What Business to 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 Free Business Ideas.

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 Opening an O-Rings Business guide or our Opening a Soda Fountain Shops Business guide.

Don't forget that your new startup will be located in Walton. Some businesses will do better in Walton than others. A critical consideration is whether Walton demographics mesh well with your startup concept.

Walton, New York Demographic Information

Walton has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Walton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Walton.

Business Size
# of
Businesses
1-4 Employees
1176
5-9 Employees
288
10-19 Employees
180
20-49 Employees
120
50-99 Employees
24
100-249 Employees
24
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Walton Businesses
1812

As a new Walton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Walton 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.

Business Type
# of
Businesses
Automotive Parts and Accessories Stores
4
Beauty Salons
1
Beer, Wine, and Liquor Stores
1
Book Stores
1
Cemeteries and Crematories
1
Child Day Care Services
2
Commercial Photography
2
Community Food Services
1
Computer Systems Design Services
1
Credit Unions
1
Dimension Stone Mining and Quarrying
2
Drinking Places (Alcoholic Beverages)
1
Family Planning Centers
1
Finish Carpentry Contractors
1
Fluid Milk Manufacturing
1
Fruit and Vegetable Markets
1
Full-Service Restaurants
7
Funeral Homes and Funeral Services
1
General Automotive Repair
5
General Medical and Surgical Hospitals
1
Heating Oil Dealers
2
Homes for the Elderly
1
Household Appliance Stores
2
Insurance Agencies and Brokerages
1
Jewelry Stores
1
Libraries and Archives
1
Logging
2
Machine Shops
1
Masonry Contractors
1
Motorcycle Dealers
2
New Car Dealers
2
Newspaper Publishers
1
Offices of Chiropractors
2
Offices of Lawyers
3
Outdoor Power Equipment Stores
2
Pet and Pet Supplies Stores
1
Petroleum Bulk Stations and Terminals
1
Pharmacies and Drug Stores
1
Photography Studios, Portrait
1
Plate Work Manufacturing
1
Residential Remodelers
3
Siding Contractors
1
Site Preparation Contractors
3
Solid Waste Collection
1
Sporting Goods Stores
2
Tax Preparation Services
2
Timber Tract Operations
1
Veterinary Services
1
Video Tape and Disc Rental
1
Wired Telecommunications Carriers
2

Naming the Company

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.

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 Company.

As a final piece of advice, remember that because you are starting a business in Walton, it's very important that you make sure no other New York company is using the business name you want to use.

Forming a Company in Walton, New York

A critical step is ensuring that you form your business as a legal structure. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

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 New York, it doesn't mean you are required to incorporate in New York. In fact, you can 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. To learn the fundamentals of company formation, browse articles on our site, such as Corporate Formalities. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Walton, New York, our information on Incorporating in New York may be a useful resource if you decide to incorporate in New York.

Improving Your Entrepreneurial Skillset

Good entrepreneurs recognize that they don't know everything.

Given that you are starting a business in Walton, New York, you will want to take advantage of the many programs available at nearby New York universities, colleges and community colleges. It's also smart to see if there are any Walton networking organizations.

Never Give Up

You have a dream -- starting a business in Walton. 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 Walton 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 Walton, New York

Here are more links that we believe will help you be successful in starting a business in Walton.

More Startup Articles for New York Cities

Starting a Business in Wading River
Starting a Business in Wappingers Falls

Browse All Business Startup Guides for New York
Starting a Business Guides for Other States

 

 

Share this article


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary