Tue 23 Feb 2016 | By:

Your Maryland Startup Toolkit: 5 Solid Resources

Startup Tools and Resources

Starting a business in Maryland is not for everybody, especially not for the faint of heart. Challenges and roadblocks periodically appear along the way, and if not addressed properly, it can become a massive stumbling block to successfully start a business.

However, if you’re willing to take on risks and love the challenge, you can venture into your first business with the help of Maryland business resources. These resources help entrepreneurs start effectively while minimizing operating costs and maximizing time.

Startup Savant has collated a number of essential business resources and come up with a strong Maryland startup toolkit. Although not mandatory when starting a business, it can become a vital help when forming a small business.

Welcome to your Maryland startup toolkit!


1) Business Plan Software

Write a Business PlanA business plan software offers a number of resources and tools that lets any entrepreneur start on a viable business plan.


An effective tool that helps you write a business plan, LivePlan has video instructions and tons of business plan templates to get you started. Pricing for the basic LivePlan package is at $11.66/month billed every year.


StratPad walks you through the steps on how to write a business plan through a step-by-step approach. It is a cloud-based software; thus, you can access it anywhere, anytime as long as there is an Internet connection. Package starts at $8.25/month billed annually.


2) Online Incorporation

LLC IncorporationOnline incorporation services offers a wide range of business legal services that range from Registered Agent designation to incorporation services, taking care of legal paperwork involved in these tasks for businesses.


Known for being one of the most affordable incorporation service providers, IncFile provides excellent incorporation services with unlimited customer support for your convenience. The incorporation Silver package starts at $49 plus additional state fees.

Direct Incorporation

With an A+ rating from the BBB and with more than a decade’s worth of incorporation experience, Direct Incorporation offers a lifetime business compliance through the Business Compliance Program.


3) Build a Business Website

How to Incorporate a Business OnlineA business website offers a wide variety of marketing strategy benefits so it is essential that you create a professional website for your small business. With powerful, simple-to-use tools, you can now create your very own website even without any technical expertise.


A leading web hosting provider, Bluehost can host your very own customized website. Bluehost has a very user-friendly dashboard as well, enabling you to create a fully customized, beautiful website that communicates your brand. The basic package for Bluehost starts at $71.40 yearly.


4) Small Business Accounting Software

Manage Your Business FinancesSmall business accounting software makes a business’ day-to-day operations easier and more efficient, and it also helps in the faster compliance of business taxes. Small business accounting software has a number of various features that help automate accounting, bookkeeping, and other repetitive tasks in a business.


With FreshBooks’ easy-to-use dashboard, every entrepreneur, even without any solid accounting background, can generate financial reports, maintain books, and track time efficiently. At $9.95 per month for the Sprout package, you can significantly make tasks easier.

With features such as unlimited expense tracking, multicurrency, bill and invoice reminders, automatic report generation, unlimited invoicing and more, Wave Accounting is a complete small business accounting tool that every startup needs. And it’s totally FREE!


5) Startup Savant’s Free Resources

At one point in time, Startup Savant has also encountered the challenges and setbacks that any startup experiences. With our experience, we have carefully come up with our own set of free Maryland startup toolkit resources to help Maryland startups get off on the right footing. From how-to guides on forming businesses with different structures to other important aspects of starting a business, we’ve got everything covered.


Wrapping up and Staying Frugal

When all is said and done, being able to successfully start your business with very minimal operating costs, maximum efficiency, and with a good number of time on your hands to focus on business operations is the true essence of being a practical entrepreneur. While hard work and commitment are needed when starting a business, being savvy also comes very much in handy.

Startup resources are by no means mandatory for your usage, but if you do decide to use these resources, then you’re definitely on the right path to a successful business. Choose the resources you think benefits your business the most and use it!

About Ryan James

Half hardworking hermit, half avid adventurer, Ryan founded Startup Savant to simplify entrepreneurship and pay it forward by donating a portion of all revenue to support children's education via DonorsChoose.org.