This page is dedicated to the best resources for starting a business in New York.
Small businesses in New York comprise 98% of the economy, employing almost half of the private workforce in the Empire State. The good news is that the state provides a wide range of benefits for small business entrepreneurs.
More so, the prospect of starting a successful business in New York is even greater with the vast number of consumers concentrated in the state. Given that there are a few drawbacks such as its quite complicated and costly tax codes, there are ways to overcome these challenges.
That said, use these resources to make your life easier and get your business off the ground!
Think of your business entity like the engine of a car. Depending on the kind of engine you have, you'll be able to go down different terrains and operate at different speeds. The business entity you choose will impact the legal protection you have, the taxes you pay and more. Choose wisely!
If you're wanting the most small business friendly structure with more flexibility and no double taxation, look into this guide.Learn More
If you're wanting a business structure more suited for bigger businesses and raising outside investment, look into this guide.Learn More
By learning about the journey of established entrepreneurs, the mistakes they’ve made and their best practices, you’ll be much better equipped to start a business in New York.
The New York SBDC is the organization to lend you a helping hand when starting a small business in New York. The NYSBDC offers free counseling and provides various technical and management assistance services including business plan development, accounting and marketing tactics, advice on legal business structures, financing planning and cost analysis, e-commerce, employee management, loan packaging and more.
South Side Innovation features the Entrepreneurial Assistance Program Center that is a business support and training program that helps your business grow and prosper. With this program, entrepreneurs are able to avail of a business plan development course, one-on-one business coaching and consultation, SSIC academy training course, access to microcredit loans, access to a comprehensive web-based resource library and more.
New York SCORE is the helping hand of small businesses for it provides a different number of services mostly for free or at a very low cost to help startups get on their feet. From its main goal to arm small business entrepreneurs with the right knowledge in running a small business through confidential business counseling, New York SCORE also offers workshops and trainings, funding options, and other vital business resources.
The Business Council is the premier business organization in the Empire State, representing the interests of both small and large firms. Business Council members range from member companies, professional and trade associations, and local chapters of chamber and commerce. As a member of The Business Council, you get access to a number of products and services that are exclusive only for members.
Hiscox’s small business blog provides entrepreneurs with a plethora of tools and resources to help them start, run and operate their small business. At Hiscox, you can get genuine help from expert professionals who believe risks with positive power are the required weapon to do more and be more as a business. Hiscox provides small business tips in the areas of small business financing, management, marketing, social media, startup, and technology.
The New York Business Development Council believes it is their business to help small businesses grow with the assistance they provide. The NYBDC complements conventional banking and partners with different banks to offer term loans to small businesses for financing. In most cases, the NYBDC also provides SBA guarantees, multiple participations, variable amortization, and even longer payouts. These loans are made available by the NYBDC for early-stage companies, startups, and mature businesses.
Upstate NY Resources was created to provide Upstate New York entrepreneurs easy access to a wealth of business resources. Through Upstate NY Resources, entrepreneurs are linked to a network of resource organizations that features a plethora of business resources and tools to help these entrepreneurs start, run, and grow their business. It also features an integrated search tool and an entrepreneur toolkit as well as an overview of the different business phases and its corresponding activities.