Launching your own business can be both exciting and turbulent. With this in mind, it’s important to take full advantage of any funding, tax credits and other forms of assistance for which your company may qualify to help ensure your startup will continue to be a success in Memphis for years to come. Here’s a rundown of some of the most important tools in your arsenal:
Funding help
Although seed funding may seem tricky to secure when you’re working solo, it can make a world of difference for you and your business—and that’s where the Memphis Chamber of Commerce and other government bodies come in. By taking advantage of their guidance and resources, you can set yourself up for funding success.
Tax credits
Although taxes are going to follow you whether you start your own business or work for someone else, founding a business in Memphis means you may qualify for tax credits that lighten the burden of this necessary evil. The specific credits for which you qualify will depend on the type of business you are operating, as well as the number and type of employees you hire.
Strategy development help
You may think you have a great idea for a business that will be the only one of its kind in the city, but however compelling it is, your vision is unlikely to come to fruition unless you know how to take your plan and put it on paper. If strategy development isn’t your strong suit, the Memphis Chamber of Commerce offers a variety of resources to help you take the leap from entrepreneurial fantasy to startup reality.
Assistance getting a business license
The paperwork associated with getting a business license can seem overwhelming, but you don’t have to wade through it alone. When you consult the Memphis Chamber of Commerce, you not only ensure that every I is dotted and every T is crossed, you also have the opportunity to ask questions, receive input and connect with fellow entrepreneurs—all aspects of running a small business in Memphis that may make your life as a startup owner easier down the road. In short, working with the Memphis Chamber of Commerce is a win-win, so why not reach out to the organization today?
Important resources
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