The Library Springfield-Greene County Library District Springfield, Missouri

Start Your Business

Start Your Business

Starting and managing a small business can be a challenging and rewarding experience. In business, there are no guarantees. Getting involved with starting a new business can bring you face-to-face with challenges you have never experienced before. Before you commission a business logo or make business cards, take the time to research what you need to do to start your business.


Do you have the right idea?

You want to make sure that your business can turn a profit.


Are you ready to be an entrepreneur?

There are several things to consider when deciding to become an entrepreneur whether you are a creative person or someone who can keep the business side of things, such as bookkeeping, going. 


Increase your social network

Build your network strategically. 


Write a business plan

A business plan serves as a road map to the future of your small business. A good business plan will help you secure financing and credit for your business, provide a guide for managing operations, finances, promotion and marketing and clarify goals and objectives.


Need help putting it all together?

There are several business building organizations that can help you.


Register your business.

You’ll want to make sure your business is legal.

According to MOSourceLink’s Start Your Business Guide, these should be your first six steps: 

  1. Decide on your business structure

  2. Register with the Missouri Secretary of State

  3. Obtain an Employer Identification Number (EIN)

  4. Register for Missouri business taxes

  5. File paperwork to hire employees

  6. Check for city and county licenses and permits, and obtain industry licenses


Deciding on a Business Structure

The type of legal structure you choose for your business is important. This decision affects how much you will pay in taxes, the amount of personal liability you may face and your ability to get financing. There are six typical structures for small businesses. To find out what they are and which is right for your business, check out these resources:


Register your business with Missouri Secretary of State

Protect your business name by making it legal. Review these web sites to ensure that your business is in compliance with federal, state and local government regulations.


Obtain an Employer Identification Number (EIN)

Employers with employees, business partnerships and corporations must obtain an Employer Identification Number (EIN) from the U.S. Internal Revenue Service (IRS). 


Register for Missouri business taxes

Since your business is legal, make sure to pay your Missouri business taxes. Reach out to the Missouri Department of Revenue to complete tax forms based on your business activity and you can also register with the Missouri Department of Labor if you will have employees. 


Hiring employees?

If you plan to hire employees you will need a federal employer identification number (EIN), register with the Missouri Division of Employment Security, and check to see if you need to carry Workers Compensation coverage with the Missouri Division of Workers Compensation


Check for city or county licenses or permits

The state, county, or city may require additional licenses or business registration paperwork to be completed. Contact the city clerk’s office where you intend to do business. And some professions, occupations or other activities may require special licenses or certifications. Contact the Missouri Division of Professional Registration to check if those are required. The Missouri Department of Agriculture gives information about licenses and permits specific to agriculture. 


Find Office Space

Choosing where to locate your business is an important decision. The Small Business Administration (SBA) offers business location tips to help you make the right selection. 

Most library branches offer conference rooms perfect for working alone, training sessions or meetings. Book a conference room online

The efactory, the local business incubator, also offers co-working space and more to businesses. 


Funding Your Business

If you need information on how to fund your business, please see the Library’s Funding Your Business guide. 


Buying a Franchise or Existing Business

Starting a business from scratch can be challenging. Franchising or buying an existing business can simplify the initial process. 


Expanding Your Business to Missouri

Missouri is a great place to do business. If your business is already incorporated in another state, MOSourceLink gives valuable information on how expand your business to Missouri here

Start a Nonprofit

There are differences between starting a for-profit business and a not-for-profit organization. Read the Library’s Starting a Nonprofit - 501(c)(3) article for more information on how to successfully start a nonprofit organization.


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