Our city is devoted to helping new and emerging companies thrive by connecting them to essential tools and information. It's no secret that building a successful business requires hard work, proper planning, and access to the right resources. This combination can make a huge difference in the results of your new venture. We believe that anyone can start and manage a successful small business.
For those who may face additional challenges, specialized resources and mentoring approaches may be necessary. It's important to consider these questions early on in the business planning process. Fortunately, Virginia is an ideal place for aspiring entrepreneurs, with all the essential elements of an enabling business environment. If you're starting a business in Virginia, you'll need to register with the Virginia State Corporate Commission Business Entity Search. Additionally, you may want to consider the additional brand protections offered by a federal trademark.
LLCs are generally easier to establish and manage than more stringent legal structures, such as limited companies, and offer extensive protection to owners, both in terms of taxes and corporate liability. Business insurance is not always necessary right away; however, if you're hoping to expand your business outside of your local city or town, it's worth considering. Additionally, you'll need to purchase a business license before starting to operate in the city of Norfolk. For state-specific information on business structures, you can consult the Virginia Clerk's concise guide to types and categories of entities; and if you're really doing your best, the SBA has a useful guide to business structures that you can also read. If you're looking for state-specific funding programs, check out the Virginia Small Business Finance Authority. This agency can grant loans directly to small businesses.
Lastly, be aware that zoning laws may prohibit your business from operating in certain locations in the city of Norfolk.