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Questions? parissbdc@gmail.com

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StartUp Steps

Are you at a crossroad and wanting to start a new venture?

SBA has a simple start guide. Assuming you have done your market feasibility, started a business plan, business guide by industry and permits.. what is next?

One of the first decisions is often how to organize your business and what taxes or permits apply to the industry. Our advisors will guide you with information to assist you in your decision making. Utilize the Texas Governors Small Business Handbook to guide the business requirements:

1.Determine Business Structure TX SOS – read your options on how to organize your business considering from type of ownership, tax perspective, business liability, life of the organization.
2.Research Name Request via TX SOS or a County Clerks Office may do this also. Assumed Names Certificates are needed to do business. Must register with the county clerks office in the county the business is in (see our local resources for contact information per your county). Corporations must register with the State if doing business name is different than registered corporate name.
3. FEDERAL Tax ID EIN – apply online – this is needed for most businesses. Definitely needed for all corporations, limited partnerships or having employees. Individuals in sole proprietorship can use social security number, let’s consider implications in our one-on-one counseling as you decide.

Employer and Tax Information
Virtual Workshops – IRS Video

4. Sales tax application – Needed for selling goods or services; List of Taxable Services

5. Open a business bank account. You need your business name and tax id before you open an account. Keep your business and personal finances separate. Start record keeping. Establish business credit, in the early stages you personal credit will be important.

Deciding whether or not to start a new business can be one of the most difficult decisions a person faces in life. The consequences are widespread, the impact is deep, and the required commitment is immeasurable.

A common mistake is not having a business plan with marketing strategy and financial projections. What are your benchmarks? How much revenue will you make and what is the return to the investor (you). Creating a business plan will provide a roadmap of success and benchmarks to track progress.

Use business mentors to help you move forward and avoid mistakes!

SCORE partners also assist with business plans and consult on many business issues

https://www.parissbdc.org/wp-content/uploads/2020/03/40th-Anniversary-About-Us-video.mp4

Local businesses are relevant to a thriving community.

Small businesses are job creators.

Shop Local

Support your local business all year long by engaging with them by ecommerce or at their on-site store front.   The Tri-City marketplace is a shop local initiative to support the business in the Paris, TX area which includes counties:  Delta, Hopkins, Hunt, Lamar, and Red River. Please help us build this by submitting local businesses and we will intern promote this page to drive traffic to our local merchants!

  • Teambuilding for Small Business
  • Government Contracting Steps To Take
  • Government Contracting for Small Business
  • Savings and Retirement for Small Business Owners
  • How to Find a Great CPA
Funded By

Paris SBDC is funded by a partnership of Paris Junior College, the U.S. Small Business Administration, and the State of Texas.  Advising Services are offered by the Paris SBDC without regard to race, color, age, national origin, religion, sex, or disability.  Special provisions will be made for limited-English speaking individuals and those with disabilities.  Questions? Call 903.782.0224

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Get in Touch

Address:    2400 Clarksville Street, Paris, TX 75460

Phone:   903.782.0224

Email:    parissbdc@gmail.com

Web:     https://www.parissbdc.org

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