SCBOS Step 8

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Start Your Business

Home

Research & Planning

Registering with the Secretary of State

Obtain an Employer ID Number (EIN) from the IRS

Choose Location - Determine local business licenses and property tax requirements

Will you hire employees? Know the laws and requirements

Determine if a Retail Sales Tax registration is required

Determine what county or state Business Personal Property Tax registrations are required

Financing your business

Other considerations

Business Financing Resources

Funding a small business or a start-up can be a daunting task. The truth is that there is no free money to start a business. Most money is obtained through some sort of loan, through a bank, through a venture capital/angel investor, or by saving your own money to start.

The following organizations are available to help new and startup businesses with reliable information about loans, venture capital, and other sources of equity for businesses:

US Small Business Administration-Helps match lenders to businesses and backs loans.
Southern Rural Development Center-Information for rural areas.
SC Jobs - Economic Development Authority-State resource with loan programs.
USA.gov-Federal information on business financing.
SBIR.gov - The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization.

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