Hawaii Business Startup Guides
Starting a Business in Kaneohe Bay, Hawaii
Thinking about starting a business in Kaneohe Bay, Hawaii? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Kaneohe Bay.
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.
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 Business.
There's one other important factor when naming a business. Since you are opening a business in Kaneohe Bay, it's very important that you make sure no other Hawaii company is using the business name you want to use.
Forming a Company in Kaneohe Bay, Hawaii
It's very important that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
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 Hawaii, you don't necessarily have to incorporate in Hawaii. In fact, you can incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Kaneohe Bay, Hawaii, our information on Incorporating in Hawaii may be a useful resource if you decide to incorporate in Hawaii.
Raising Money for Your Business
Getting your Kaneohe Bay business the capital it needs to succeed will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Take advantage of our many articles on securing funding, such as Business Credit Evaluation.
For Kaneohe Bay entrepreneurs who want to raise money for a new venture, check out our List of Hawaii Angel Investors and our List of Hawaii Venture Capital Firms.
Promoting Your New Company
Whether your goal is to attract Kaneohe Bay customers or you plan on selling elsewhere, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Billboard Advertising Best Practices is a good read to get your marketing juices flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Increase Your Entrepreneurial Knowledge
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Kaneohe Bay, Hawaii, you will want to take advantage of the learning programs at local Hawaii educational institutions. It's also beneficial to see if there are any Kaneohe Bay networking organizations.
Next Steps
You have a dream -- starting a business in Kaneohe Bay. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
We are here to help Kaneohe Bay businesses to be successful. 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 Kaneohe Bay, Hawaii
Here are more links that we believe will help you be successful in starting a business in Kaneohe Bay.
- Resources for Kaneohe Bay, Hawaii Entrepreneurs - Browse a variety of resources we've collected to assist Kaneohe Bay entrepreneurs.
- Hawaii Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Hawaii.
- Hawaii Small Business Development Center - The Hawaii SBDC Network provides you with the resources you need for starting a new business or expanding an existing one.
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