North Carolina Business Startup Guides
Starting a Business in Kinston, North Carolina
Thinking about starting a business in Kinston, North Carolina? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Kinston.
What Type of Business Should You Start?
An important decision is what kind of business you want to start. We recommend that you read 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 Starting a Design & Communications Agencies Business guide or our How to Start a Golf Driving & Practice Ranges Business guide.
Remember that you are starting a business in Kinston. If Kinston already has plenty of the kind of business you want to start, you might want to change your plans. Don't forget to review Kinston demographics to see if there's a market for what you want to sell.
Kinston, North Carolina Demographic Information
Kinston has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Kinston demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Kinston.
Businesses
As a new Kinston entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Kinston 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
Is Buying an Existing Kinston Business a Good Strategy?
We've created a useful website page for those who want to Buy a Business in North Carolina. Follow that link and you can review several good businesses for sale in Kinston.
For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
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.
There's one other important factor when naming a business. Since you are planning on starting a business in Kinston, it's very important that you make sure no other North Carolina company is using the business name you want to use.
Forming a Company in Kinston, North Carolina
It's very important 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.
Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in North Carolina, you don't necessarily have to incorporate in North Carolina. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as ESOP Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Kinston, North Carolina, our information on Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.
Marketing Your New Company
Whether your goal is to attract Kinston customers or you plan on selling elsewhere, you need a solid marketing plan.
There are myriad resources on this site to help you with your marketing plan. Getting Publicity is a good read to get your marketing juices flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.
Now It's Up To You
You have a dream -- starting a business in Kinston. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Kinston businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Kinston, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Kinston, North Carolina
Here are more links that we believe will help you be successful in starting a business in Kinston.
- Resources for Kinston, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist Kinston entrepreneurs.
- North Carolina Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in North Carolina.
- North Carolina SBA - With offices in Charlotte, Wilmington, Raleigh and Asheville, the SBA organizes many events and provides useful resources for new entrepreneurs and growing businesses throughout North Carolina.
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