Massachusetts Business Startup Guides
Start a Business in Quincy, Massachusetts
Are you starting a business in Quincy, Massachusetts? This article discusses the most important things to consider when opening a business in Quincy.
Which Business to Choose?
Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Business Ideas That Don't Make Sense.
To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Plants & Trees Wholesale & Growers' Nurseries Business guide or our Opening a Signs Wholesale & Manufacturers Business guide.
Always keep in mind that you are starting a business in Quincy. Some businesses will do better in Quincy than others. Study Quincy demographics and do a competitive analysis as part of your startup planning process.
Quincy, Massachusetts Demographic Information
Quincy has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Quincy demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Quincy.
Businesses
As a new Quincy entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Quincy 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?
Visit the business district of Quincy and you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
We advise the entrepreneurs we work with to investigate buying a franchise. On our site, you can read many articles about franchising, such as Franchise Tradeshows. 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.
Representative franchise opportunities include Taylor Rental/Party Central and Hair Saloon For Men. Alternatively, you can browse franchise categories, such as Fitness Franchises and Mail and Shipping Services Franchises.
Note on Quincy Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Quincy.
Choosing a Company Name
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.
Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
There's one other important factor when naming a business. Since you are starting a business in Quincy, it's imperative that you check now that your company name has not already been claimed by another Massachusetts business.
Company Formation in Quincy, Massachusetts
It's very important that you choose the right legal structure for your new entity. Doing so will protect you from personal liability for business debts and obligations.
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 common way to legally create a business entity. 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. Just because you are starting a business in Massachusetts, you don't necessarily have to incorporate in Massachusetts. In fact, you are allowed to 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 Incorporating Online. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Quincy, Massachusetts, our web page covering Incorporating in Massachusetts may be a useful resource if you decide to incorporate in Massachusetts.
The Role of the Business Plan
Having a business plan is vital in maximizing the prospects of your new company. Simply put, a business plan is a written description of the future you envision for your business. Starting a business without a business plan makes you more prone to becoming a business failure statistic.
If you want more information on writing business plans, we recommend reading Business Plan Mistakes. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Massachusetts.
Moving Forward
Most new Quincy businesses underestimate the number of challenges they will face.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Quincy businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Quincy 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 Quincy, Massachusetts
Here are more links that we believe will help you be successful in starting a business in Quincy.
- Resources for Quincy, Massachusetts Entrepreneurs - Browse a variety of resources we've collected to assist Quincy entrepreneurs.
- Massachusetts Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Massachusetts.
- Massachusetts Small Business Development Center - The Massachusetts Small Business Development Center (MSBDC) Network provides one-to-one free comprehensive and confidential services focusing on, business growth and strategies, financing and loan assistance as well as strategic, marketing and operational analysis.
More Startup Articles for Massachusetts Cities
Starting a Business in Provincetown
Starting a Business in Raynham
Browse All Business Startup Guides for Massachusetts
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs