TAILIEUCHUNG - TENNESSEE SMART START

Economic and government “uncertainty” continues to mar recovery efforts. These areas of uncertainty trigger anxiety among consumers, investors, and business owners alike. The degree to which “uncertainty” negatively impacts the small-business economy generates much de- bate, prompting the addition of two new problems, “Uncertainty over Economic Conditions” and “Uncertainty over Government Actions.” “Uncertainty over Economic Conditions” is one of the six new problems added to the survey this year. Small-business owners rank it as the second most severe problem facing their business and is critical for 38 percent of them. Recessions of the last four decades. | m4h op ƯIDE Hina SMALL 7 BUSINESS contents 4 Selecting a Business Purchase an Existing Business Buying a Franchise Starting a New Business 7 Setting Up Your Business Sole Proprietorships Partnerships Corporations Limited Liability Company Relocating Your Business to Tennessee 10 Taxes and Insurance Local State and Federal Tax Franchise and Excise Tax Sales and Use Tax Tax-Based Incentives Insurance and Bonding Health Insurance 15 Responsibilities and Regulations Responsibilities Regulations Employees 17 The Business Plan Executive Summary Introduction Financial Projections Personal Financials The Marketing Plan Management Team 20 Tennessee Small Business Resource Map Statewide information at your fingertips. 24 Getting Funded Family Friends and Colleagues Credit Cards Commercial Credit Federal Government Loans State Government Loans Nontraditional financing Small Business Investment Companies Government Grants 28 Business Assistance and Training Business Enterprise Resource Office BERO Tennessee Small Business Development Centers SCORE Small Business Online Training Network Tennessee Manufacturing Extension Program TMEP Business Incubators 29 Targeted Businesses and Topics Home and Internet-Based Business Inventors Patents Copyrights and Trademarks Government Contracting Business Owners with Disabilities Regulatory Assistance Agri-tourism and Pick Tennessee Products Technology Veterans Exporting About the Guide ECD BERO 2 reelings s Ì a e .8 .8 -E t S3 8 o 5 Ẹ sf 3 M-t o bf s s s to B jy 8 II to Ul y 3 tn K ễ i ĨI ể ã 11 ÈỄ ế .a i I Ẽ- I a i c 3 CD I I Ĩ s I I e 3 I g e 1 J 2 y c 11 111 Ilf I B I I 1 ẵ ẫ 9 CD I .8 s Ế i ÍĨ ÍĨ ỈỈ i 1 s Í s e I c a I I i I I 2 a p e c o s Ễẩ Ể H D 05 I qj ẽ p 1

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