Perhaps, one of your ultimate goals in life is to become a small business owner in Indiana. If your country of origin is not the United States, you are likely to encounter numerous challenges as you bring your dream to fruition. It is a goal that many immigrants have successfully achieved, and there’s no reason you shouldn’t be one of them.
It pays to thoroughly research the business process as well as U.S. immigration law before taking any formal steps toward launching a business in Indiana. If you know other small business owners, they may be able to provide encouragement and support to help you get your own business started. It’s also a good idea to know where to seek support if a legal issue arises.
What type of business will you own?
As a small business owner, you’ll be making many decisions, such as what type of business you want to register your company as. Whether you will choose to register as an LLC, a C Corporation or another entity, there are likely to be processing issues that may cause you concern.
With any type of business, there are going to be tax consequences and other regulations that can delay or even prevent you from moving forward with your plan. Are you a sole proprietor or a shareholder in a company? Have you applied for a tax identification number? These and other issues may have significant impact on your ability to open your doors to the public and remain in good legal standing with federal, state and local governments.
What’s in a name?
Right from the start, there are basic decisions you must make regarding your small business in Indiana. It’s not uncommon for entrepreneurs to change the name of their companies several times before actually launching. Whether you choose a name that is reflective of your culture of origin or a title that has a more westernized appeal is a personal decision.
Marketing experts often say that naming a business is one of the most important components of the start-up phase. You’ll also want to make sure another business owner has not already registered the name you choose. There are stringent copyright laws in the United States. Successful business owners often seek clarification of such laws before opening to be sure they do not violate regulations.
One step at a time
The time it takes to open your new business in Indiana depends on many factors. You might be up and running in a few months. Then again, if you encounter numerous challenges along the way, the entire start-up phase might take longer. A language barrier or issues regarding your legal status may also cause delays in accomplishing your business goals in the United States.
If you know where to seek support, you may find it less stressful to address immigration issues or resolve the many clerical, administrative, financial or marketing problems new business owners often encounter.