Fast Facts on Starting a Business in Guilford County!


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This is one of the great classes that I teach for #GTCC. This lively seminar, a prelude to the four week course on starting your own business, provides an overview of the basic requirements of starting and successfully operating a business. Co-sponsored with Greensboro and High Point Public Libraries. These classes are FREE.

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Fast Facts on Starting a Business in Guilford County!

  1. 1. Powered by Lady Bizness This Presentation will be online at www.SlideShare.Net/LadyBizness
  2. 2. Welcome to Fast Facts on Starting a Business in Guilford County • Please Silence or Mute Cell Phones • Please Ask Questions • Please complete registration forms • Introduce Yourself Powered by Lady Bizness
  3. 3. WHERE DO YOU GO? The BIG organizations in Town Chamber of Commerce Guilford Merchant’s Association Powered by Lady Bizness
  4. 4. Powered by Lady Bizness GREENSBORO CHAMBER Site now directs to Follow on Twitter @GSOChamber
  5. 5. GREENSBORO ENTREPRENEUR Powered by Lady Bizness Site now directs to
  6. 6. HIGH POINT CHAMBER Powered by Lady Bizness Follow on Twitter @HighPointChambr
  7. 7. BUSINESS LINK NORTH CAROLINA Powered by Lady Bizness Follow on Twitter @BL_NC
  8. 8. PLANNING CHECKLIST Business To Do’s Powered by Lady Bizness 1. Create a business plan 2. Decide on your business structure and register your business name 3. Get license requirements 4. Obtain the necessary tax information 5. Identify sources of financing 6. Learn about employer reporting requirements and responsibilities
  9. 9. LOCAL REQUIREMENTS & RESOURCES Get Your Business License Powered by Lady Bizness Greensboro 300 W. Washington St 336-373-2501 High Point 211 S. Hamilton St 336-883-3205
  10. 10. LOCAL REQUIREMENTS & RESOURCES Privilege License Fees & Penalties Powered by Lady Bizness Depending on type of business, the privilege license tax may range from a flat rate of $2.50 to a maximum of $2,500 per year, per business classification. • Retail • Wholesale • Manufacturing and Service Businesses Calculated based on Gross Annual Sales
  11. 11. COUNTY REQUIREMENTS Business To Do’s Powered by Lady Bizness 1.Check resources 2.Assumed Name 3.Food Service 4.NC Restaurant & Lodging Follow on Twitter @GuilfordCounty
  12. 12. ASSUMED NAMES Resources & Fees Powered by Lady Bizness The filer is responsible for researching the name for availability in Guilford County. To obtain a Certificate of Assumed Name form, visit the Business Link NC website at. The form that you select must be completed in Submit the completed form to the Register of Deeds office for recordation. The recording fee per NCGS 161-10 is $26.00 for the first 15 pages, $4.00 for each additional page thereafter.
  13. 13. GET AN EIN NUMBER Employer Identification Number Powered by Lady Bizness Call 267-941-1099 Monday through Friday 7:00a.m. to 10:00p.m EST No need to file a Form SS-4! We ask you the questions and you give us the answer. After all validations are done you will get your EIN immediately upon completion. You can then download, save, and print your EIN confirmation. Purpose of an Employer Identification Number Employer Identification Numbers are issued for the purpose of tax administration and are not intended for participation in any other activities.
  14. 14. ELON LAW CLINIC Small Business & Entrepreneurial Clinic Powered by Lady Bizness 1. General legal counseling 2. Choice of entity advising 3. Organizational document drafting and review 4. N.C. Secretary of State compliance 5. Contract review and drafting 6. Employment and H.R. advising 7. Regulatory compliance 8. Financing documentation 9. Dealing with issues of professional responsibility which arise in the course of solving clients' problems.
  15. 15. ELON LAW CLINIC Small Business & Entrepreneurial Clinic Powered by Lady Bizness Email: Faculty: Prof. John Flynn or (336) 279-9265
  16. 16. Powered by Lady Bizness BusinessReadinessCertification List Classes, Articles, Business Events
  17. 17. Powered by Lady Bizness LadyBiznessInc List Classes, Articles, Local & Regional Business Events
  18. 18. Powered by Lady Bizness GTCC SMALL BUSINESS CENTER Visit Guilford County Small Business Center at
  19. 19. Powered by Lady Bizness GTCC Small Business Center 1451 S. Elm Eugene Street Greensboro, NC 27406 To Request Counseling (free counseling) Mark Hagenbuch 336.334.4822 x 62003 DarLinda Finch 336.334.4822 x 62001
  20. 20. Powered by Lady Bizness Share your Show Up & Show Out! Moment of the Night!