Oregon Business Startup Guides
Starting a Business in Newport, Oregon
Thinking about starting a business in Newport, Oregon? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Newport.
Which Business to Choose?
There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at 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 Opening a Drainage Tile Contractors Business guide or our How to Start a Payroll & Payroll Tax Preparation Services Business guide.
Remember that your new startup will be located in Newport. Some businesses will do better in Newport than others. Only by spending some time analyzing Newport demographics can you decide if there will be strong demand for your business idea.
Newport, Oregon Demographic Information
Newport has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Newport demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Newport.
Businesses
As a new Newport entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Newport 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 Franchising Opportunities?
As you drive around Newport, you'll see that franchises make up a large percentage of local businesses. Is franchising maybe a better way for you to start your business?
We advise the entrepreneurs we work with to look into purchasing a franchise. This site has dozens of articles on franchising, such as Protecting Your Franchise Territory. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Arthur Treacher's Fish and Chips and Palm Beach Tan. Alternatively, you can browse franchise categories, such as Training and Education Franchises and Cell Phone Franchises.
Note on Newport Franchise Opportunities: To find out if a franchise you are interested in is available in Newport, you will need to get in direct contact with the franchisor.
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.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
As a final piece of advice, remember that because you are planning on starting a business in Newport, it's critical that you ensure that no Oregon company has already registered the company name you have selected.
Forming a Company in Newport, Oregon
It's very important that you are forming a legal entity that operates independently from you. Doing so will protect you from personal liability for business debts and obligations.
When forming a company, you will select one of many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
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 Oregon, it doesn't mean you are required to incorporate in Oregon. 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 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 Nevada Incorporation. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Newport, Oregon, our web page covering Incorporating in Oregon may be a useful resource if you decide to incorporate in Oregon.
Getting the Word Out About Your New Startup
Whether your goal is to attract Newport customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your beating the competition.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Buying Radio Ads is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.
Never Give Up
As an entrepreneur in Newport, you won't be working for the boss anymore. You are the boss.
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 Newport and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Newport, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Newport, Oregon
Here are more links that we believe will help you be successful in starting a business in Newport.
- Resources for Newport, Oregon Entrepreneurs - Browse a variety of resources we've collected to assist Newport entrepreneurs.
- Oregon Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Oregon.
- Oregon Small Business Development Center - Oregon Small Business Development Centers use a client-centered approach to deliver counseling, training, information and technical assistance in all aspects of small business management. There is no fee for their assistance.
More Business Startup Guides for Oregon
Starting a Business in Newberg
Starting a Business in Oakridge
Browse All Business Startup Guides for Oregon
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs