Texas Business Startup Guides
Open a Business in Killeen, Texas
Need help starting a business in Killeen, Texas? We've got the information you need to open a business in Killeen.
Killeen, Texas Demographic Information
Killeen has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Killeen demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Killeen.
Businesses
As a new Killeen entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Killeen 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.
Businesses
Have You Considered Buying an Existing Killeen Business?
We've created a helpful website page for those who want to Buy a Business in Texas. Follow that link and you may find several good businesses for sale in Killeen.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Company Formation in Killeen, Texas
A critical step is ensuring that you are forming a legal entity that operates independently from you. Doing so will insulate you from personal liability for business debts and obligations.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporation 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. Just because you are starting a business in Texas, you don't necessarily have to incorporate in Texas. In fact, you are allowed to incorporate wherever you want. 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's a lot to know about forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Incorporating Online. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Killeen, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Make Sure You Have a Business Plan
Writing a business plan is critical in maximizing the prospects of your new company. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan will greatly reduce your chances of business success.
If writing a business plan is on your to-do list, be sure to read Business Plan Contests. You can also get free counseling sessions provided by your local SCORE chapter in Texas.
Raising Money for Your New Venture
Getting your Killeen business the capital it needs to succeed will be harder than you might expect. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Take advantage of our many articles on raising capital, such as How Much Venture Capital Is There?.
For Killeen entrepreneurs with great ambition but a shortage of investment capital, you'll want to take a look at our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
Learning More About Entrepreneurship
Good entrepreneurs know that they need to continually improve.
Given that you are starting a business in Killeen, Texas, you will want to take advantage of the many programs available at nearby Texas universities, colleges and community colleges. It's also smart to see if there are any Killeen networking organizations.
What's Next?
You have a dream -- starting a business in Killeen. 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.
Our goal here is to promote the vitality and growth of small businesses in Killeen and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Killeen entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Killeen, Texas
Here are more links that we believe will help you be successful in starting a business in Killeen.
- Resources for Killeen, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Killeen entrepreneurs.
- Texas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Texas.
- Houston, Texas Small Business Development Center - Serving 32 counties in Southeast Texas through 14 business consulting and training centers, the Small Business Development Center Network contributes to the growth and prosperity of the Texas Gulf Coast communities.
- North Texas Small Business Development Center - The NTSBDC Network promotes small business success by providing management education.
- Northwest Texas Small Business Development Center - The Northwest Texas Small Business Development Center was established with Texas Tech University in 1986. This regional program serves over ninety thousand square miles including ninety-five counties with a population base of approximately 1.8 million people. This region is serviced by six centers located in Lubbock, Amarillo, Midland/Odessa, Abilene, Stephenville, and Wichita Falls.
- South-West Texas Border�SBDC Network Texas Small Business Development Center - The South-West Texas Border Small Business Development Center (SBDC) provides consulting and technical assistance to the small business community.
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