Delaware Business Startup Guides
Opening a Business in New Castle, Delaware
Contemplating starting a business in New Castle, Delaware? We walk you through the process of opening a business in New Castle.
Are You Ready for the Challenges of Being an Entrepreneur?
Before quitting your day job, assess your entrepreneurial instincts and capabilities.
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Reach out to other entrepreneurs in New Castle. Listen closely to their experiences and see if you think you too can be successful.
- Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
- Seek the advice of somebody who knows you well. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
New Castle, Delaware Demographic Information
New Castle has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for New Castle demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in New Castle.
Businesses
As a new New Castle entrepreneur, you may also be interested in the table below. It shows how many businesses there are in New Castle 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 Franchising a Better Option?
Examine a list of New Castle businesses and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. So, it probably makes sense for you to consider franchising too.
We advise the entrepreneurs we work with to look into purchasing a franchise. We have many articles on franchises, such as Detecting Franchising Scams. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Hair Cuttery and HIT Sports Training Franchises. Alternatively, you can browse franchise categories, such as Dollar Store Franchises and Dry Cleaning & Laundry Franchises.
Note on New Castle Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in New Castle.
Have You Considered Buying an Existing New Castle Business?
We've created a helpful website page for those who want to Buy a Business in Delaware. Follow that link and you can review several good businesses for sale in New Castle.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Choosing a Company Name
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
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 starting a business in New Castle, it's very important that you make sure you will be the only Delaware company using the business name you have chosen.
Company Formation in New Castle, Delaware
A critical step is ensuring that you form your business as a legal structure. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Delaware, you don't necessarily have to incorporate in Delaware. In fact, you can incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Piercing the Corporate Veil. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in New Castle, Delaware, our information on Incorporating in Delaware may be a useful resource if you decide to incorporate in Delaware.
Never Give Up
You have a dream -- starting a business in New Castle. 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 New Castle and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in New Castle, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in New Castle, Delaware
Here are more links that we believe will help you be successful in starting a business in New Castle.
- Resources for New Castle, Delaware Entrepreneurs - Browse a variety of resources we've collected to assist New Castle entrepreneurs.
- Delaware Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Delaware.
- Delaware Small Business Development Center - The Delaware Small Business Development Center helps Delaware entrepreneurs grow and manage their small businesses by providing them with access to business information, training, and counseling.
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