Kentucky Business Startup Guides
Open a Business in Paris, Kentucky
Need help starting a business in Paris, Kentucky? We've got the information you need to open a business in Paris.
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 help you decide on a business type, we encourage you to read Good Business Ideas.
If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Camping & Backpacking Equipment & Supplies Wholesale & Manufacturers Business guide or our Opening an Industrial Consultants Business guide.
Don't forget that Paris is the place where you are starting a business. Some businesses will do better in Paris than others. A critical consideration is whether Paris demographics mesh well with your startup concept.
Paris, Kentucky Demographic Information
Paris has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Paris demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Paris.
Businesses
As a new Paris entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Paris 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
Forming a Company in Paris, Kentucky
It's very important that you form your business as a legal structure. The primary advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
When forming a company, you will pick from 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. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Kentucky, it doesn't mean you are required to incorporate in Kentucky. In fact, you can incorporate wherever you want. 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. To learn the fundamentals of company formation, browse articles on our site, such as C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Paris, Kentucky, our web page covering Incorporating in Kentucky may be a useful resource if you decide to incorporate in Kentucky.
Where to Get Money to Start a Company
Raising money to fund your new Paris business is a difficult chore. In fact, financing your new business may be the hardest challenge you ever face.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For Paris entrepreneurs in need of startup financing, check out our List of Kentucky Angel Investors and our List of Kentucky Venture Capital Firms.
Building Up Your Sales
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Paris or are selling to customers throughout Kentucky, the United States or even the world, you have to be able to sell.
So what does it take to bring in more prospects and close more business? Let us help you refine your selling techniques through our many useful sales advice tips.
The Art of Customer Referrals is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Improving Your Entrepreneurial Skillset
Successful entrepreneurs recognize that they need to continually improve.
As an entrepreneur who lives in Paris, Kentucky, you should check out some of the learning programs at local Kentucky educational institutions. You should also check if there are any networking organizations for Paris entrepreneurs.
Never Give Up
You have a dream -- starting a business in Paris. 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.
This site is all about helping entrepreneurs in Paris and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Paris 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 Paris, Kentucky
Here are more links that we believe will help you be successful in starting a business in Paris.
- Resources for Paris, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Paris entrepreneurs.
- Kentucky Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Kentucky.
- Kentucky Small Business Development Center - The Kentucky Small Business Development Center (KSBDC) has been assisting Kentucky small business community for more than 25 years. KSBDC is co-sponsored by the U.S. Small Business Administration and is administered by the University of Kentucky in partnership with regional universities, community and private colleges, and the private sector.
Starting-a-Business Guides for Other Cities in Kentucky
Starting a Business in Paintsville
Starting a Business in Pikeville
Browse All Business Startup Guides for Kentucky
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs