English Español Kreyòl Ayisyen
Starting a New Business
Welcome to the City of York’s guide on starting a business. Whether you’re an aspiring entrepreneur or an experienced business owner, we’re here to help you navigate the process and set your venture up for success. From selecting the right business structure to obtaining necessary permits and licenses, we provide the resources and support you need at every stage. Follow these steps to get started and take the first step toward building your business in York.
Develop a Business Plan
A well-thought-out business plan is the foundation of any successful business. Your plan should include:
- Executive Summary: An overview of your business idea.
- Market Analysis: Research on your industry, target market, and competitors.
- Marketing Strategy: How you plan to attract and retain customers.
- Financial Projections: Revenue, expenses, and profitability estimates.
Choose a Business Structure
Decide on the legal structure of your business. The most common types include:
- Sole Proprietorship: Simple and easy to set up, but personal liability is high.
- Partnership: Shared ownership and responsibilities between two or more people.
- Limited Liability Company (LLC): Provides liability protection without the complexity of a corporation.
- Corporation: Offers the most protection but is more complex and costly to establish.
Naming Your Business
Choosing a business name is important as it serves as the cornerstone of your brand identity and influences how customers perceive your business. Check to see if your desired name is available:
- Business Search: Search the Pennsylvania Department of State to see if your business name is available. Business Name Search.
Register Your Business
Register your business with the appropriate government agencies:
- State Registration: Register with the Pennsylvania Department of State. PA Business Registration.
- Federal Tax ID: Obtain an Employer Identification Number (EIN) from the IRS. Apply for EIN. (This is free).
- York City Business Registration: All businesses operating within York City must register with the city. Our detailed step-by-step guide will walk you through the process.
- York Adams Tax Bureau: All new businesses must register for Local Earned Income Tax Withholding.
- Financial Crimes Enforcement Network: The federal government requires many corporations, LLCs, and other entities in the United States to electronically report information regarding their beneficial owners to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).
Obtain Necessary Professional Licenses
Certain professions in Pennsylvania require state-issued licenses to ensure compliance with industry standards and regulations.
Below are some examples:
- Healthcare Providers: physicians, nurses, and pharmacists
- Legal Professionals: lawyers, notaries public, and paralegals
- Skilled Tradespeople: electricians, plumbers, and general contractors
- Personal Service Providers: cosmetologists, massage therapists, and barbers
Open a Business Bank Account
Opening a business bank account is essential for managing your finances:
- Choose a Bank: Select a bank that offers business accounts with features that suit your needs.
- Gather Documentation: Typically, you’ll need your EIN, business registration documents, and personal identification.
- Open the Account: Visit the bank or apply online to open your business bank account.
Secure Financing
Explore financing options to fund your business:
- York City Grants and Loans: Check out our Grants and Loans page for details on available funding options.
- Kiva Loans: Kiva offers 0% interest crowdfunded microloans, ideal for businesses that may not qualify for traditional financing.
- Small Business Loans: Apply for loans through local banks or credit unions. Check out our Business Resource Page.
- Grants: Look for business grants from government agencies and private organizations.
- Investors: Seek investment from venture capitalists or angel investors.
Set up Business Operations
Ensure your business is ready to operate smoothly:
- Equipment: Purchase or lease necessary equipment and supplies.
- Staffing: Hire employees and set up payroll and benefits.
- Processes: Implement operational processes and workflows to ensure efficiency.
Market Your Business
Create a marketing strategy to attract customers:
- Branding: Develop a strong brand identity with a logo and business name.
- Online Presence: Build a website and create social media profiles.
- Advertising: Utilize digital marketing, print ads, and local promotions to reach your target audience.
Stay Compliant
Look for other resources and support for new businesses:
- York County Economic Alliance: Networking and business support. York County Economic Alliance
- Small Business Development Center (SBDC): Provides consulting and training services. SBDC Services
- Business Mentorship: Connect with experienced mentors for guidance. Mentorship Programs
Starting a business in York City is an exciting journey. With the right planning and resources, you can turn your business idea into a successful reality. If you have any questions or need further assistance, please contact:
Bureau of Economic Development
101 S. George St, 2nd Floor
York, PA 17401
Phone: (717) 849-2264
Fax: (717) 812-0557