Is Entrepreneurship for you?
If you are considering starting a new business, there are many areas that you will need to make decisions about. Our doors are open to help guide you in the right directions. Please feel free to call and set up an appointment if you would like to talk about the possibilities.
Just to get you started in West Virginia, we have compiled some information to assist in making basic business decisions.. You may need to seek legal advice to help you determine what form of business to have... Sole proprietorship, Partnership or a Corporation.
Once you decide the type of business you want to start, your Business Plan will define your business, identify your goals, and serve as your firm's resume. The basic components include a balance sheet, an income statement, and a cash flow analysis. You may need to select an accountant to help you in this area, as you will to provide this information to secure financing.
You will need state and local licenses and permits. Once you choose your location, contact the city in which you plan to do business for local information:
Chester - Newell
The WV State Tax Department offers state forms online.
As a new business owner you also need to know your federal tax responsibilities.
There are several links below to also help you in your venture, and if this office can be of assistance, please feel free to call or e-mail.
Below are some links to help you begin.
Small Business Development Center
West Virginia Secretary of State
West Virginia Development Office
The Hopewell Fund
The Progress Fund
National Community Investment Fund
First Micro Loan of WV
Beech Bottom/Windsor Heights