Texas Business Startup Guides
Start a Business in Lumberton, Texas
Are you starting a business in Lumberton, Texas? This article discusses the most important things to consider when opening a business in Lumberton.
What Business Are You Starting?
An important decision is what kind of business you want to start. We recommend that you read Finding Your Niche in Life.
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 How to Start a Tax Planning Service guide or our How to Start a Theater Parties Business guide.
Remember that your new startup will be located in Lumberton. Some businesses will do better in Lumberton than others. Make sure you fully understand Lumberton demographics before you lock in on your business idea.
Lumberton, Texas Demographic Information
Lumberton has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lumberton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lumberton.
Businesses
As a new Lumberton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lumberton 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
What About Buying an Existing Lumberton Business?
If you have some capital to play with, you may want to Buy a Business in Texas. Follow that link and you may find several good businesses for sale in Lumberton.
If you are serious about buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.
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.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
As a final piece of advice, remember that because you are starting a business in Lumberton, it's very important that you make sure no other Texas company is using the business name you want to use.
Forming a Company in Lumberton, Texas
It's very important 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.
Incorporating 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 Texas, you don't necessarily have to incorporate in Texas. As it turns out, you are allowed to incorporate in the state of your choosing. 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. To learn the basics of company formation, browse articles on our site, such as Corporate Formalities. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Lumberton, Texas, our information on Incorporating in Texas may be a useful resource if you decide to incorporate in Texas.
Raising Money for Your New Venture
Getting your Lumberton business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
The good news is this site contains dozens of articles on raising money, including one we recommend entitled How Much Venture Capital Is There?.
For Lumberton entrepreneurs on the hunt for startup funding, check out our List of Texas Angel Investors and our List of Texas Venture Capital Firms.
Learning More About Entrepreneurship
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Lumberton, Texas, you will want to take advantage of the many programs available at nearby Texas universities, colleges and community colleges. It's also beneficial to see if there are any networking organizations for Lumberton entrepreneurs.
Now It's Up To You
You have a dream -- starting a business in Lumberton. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Lumberton and throughout the United States . 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 Lumberton, Texas
Here are more links that we believe will help you be successful in starting a business in Lumberton.
- Resources for Lumberton, Texas Entrepreneurs - Browse a variety of resources we've collected to assist Lumberton 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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