| 820 N. Main • P.O. Box 1006 • Newcastle, OK 73065 • 405-387-3232 • Fax 405-387-3885 - Email Contact |
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Prepare Your Business PlansThe Newcastle Chamber of Commerce will assist in most any case when possible to help you establish or expand your business. Below are some steps to better assist you on this venture. The steps may vary depending on the type of business, but this should give you a general direction. If you should want to open a liquor store or a restaurant that will serve liquor, click here to get the description on obtaining a liquor license from the ABLE Commission and the City of Newcastle.
The Newcastle Chamber of Commerce can provide resource materials, including information on properties and sites, business plans, demographics, traffic counts, etc. For more information, contact:
A business plan is any plan that works for a business to look ahead, allocate resources, focus on key points, and prepare for problems and opportunities. Unfortunately, many people think of business plans only for starting a new business or applying for business loans. But they are also vital for running a business, whether or not the business needs new loans or new investments. Businesses need plans to optimize growth and development according to priorities. For more information, contact:
Below are helpful tools you may download.
A business name is that that draws business in itself. Creating a business name takes some thought but is one of the most important things you will do during the process of starting a business. Get your family, friends and/or colleagues together for a business name brainstorming session and work through these five rules for choosing a business name: 1) Name has to be memorable – but easy to spell. And a last tip: think about colors when you are choosing a business name. Colors will be an important component of your business logo and other business promotion materials and your business web site, and colors have strong emotional associations, too. Red, for instance, is an aggressive color; its fiery elements are associated with speed, excitement and passion while green is a calming color associated with growth, renewal and nature. For more information on colors and their meanings see Color Meanings and Colors That Go Together by Jacci Howard Bear. You will want to create at least two business names, and three is even better, because once you have chosen a business name, the next step is to register it and your first choice may already be taken. Checking on the use of your business name can be done by contacting:
This is how you plan to "organize" you business. And as you business grows you should review the current organization to see if it best fits the current needs of your business. In Oklahoma, there are several legal structures that exist. Each choice will affect your income taxes and personal liability. The least complicated is a Sole Proprietorship or a Partnership. Corporations and Limited Liability Companies must register with the Secretary of State. You may want to contact your own accountant or attorney for advice and assistance in determining the best legal structure for you and your business. For additional information contact:
The U.S. Small Business Administration has created a handbook to help you with the determination. Below is a helpful tool you may download. This file is in PDF format (Adobe® Reader® file
Determining zoning requirements prior to signing a lease or contract is imperative. You must check with the City to see if the type of business you plan to operate is legal in the desired location. You can obtain this information by contacting:
Anyone doing business in the City of Newcastle should check with the City to see what licenses you may need. Home-based businesses, self-employed persons, and independent contractors should also check to see what licenses may be required.
Businesses selling tangible personal property in the state of Oklahoma must apply for a Sales Tax Permit by contacting:
Below is a helpful tool you may download.
This file is in PDF format (Adobe® Reader® file This website provides links for specific trade licensing information for Oklahoma. Several types of taxes may be levied on businesses including income tax and employment tax. For information on taxes inside the State of Oklahoma, contact:
For information about state employment taxes and unemployment issues, contact:
Below is a helpful tool you may download.
This file is in PDF format (Adobe® Reader® file  ).The PDF files will open a new window in your Internet Browser. Close the new window when finished. An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is a nine-digit number that the IRS assigns to business entities. The IRS uses this number to identify taxpayers that are required to file various business tax returns. EINs are used by employers, sole proprietors, corporations, partnerships, non-profit organizations, trusts and estates, government agencies, certain individuals and other business entities. EINs can be obtained by completing form SS-4 from the:
Below is a "fillable" form available through the IRS website. The online application process is not yet available for the following types of entities: Foreign Addresses (including Puerto Rico), Limited Liability Company (LLC) without entity types, REMICs, State and Local Governments, Federal Government/Military, Indian Tribal Government/Enterprise.
If you are starting a business which will serve liquor, please click here to see the steps in obtaining a liquor license. By following these key steps, the process of starting a business should run more smoothly. If you have any questions please contact us at 405.387.3232. |
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 Newcastle Chamber of Commerce820 N. Main • P.O. Box 1006 • Newcastle, OK 73065 405-387-3232 • Fax 405-387-3885 |