Starting a Business

You have a great idea, now you want to turn it into reality. Starting a business involves planning, making important financial decisions, and completing a series of legal activities.
Our mission is to grow Racine County’s property tax base and provide employment opportunities in Racine County.

A few questions to get your started

01. Market Research
02. Business Plan
03. Funding
04. Location
05. Legal Structure
06. Name
07. Register
08. Tax IDs
09. Licenses & Permits
10. Bank Account

01. Market Research

Have you conducted Market Research?

Market research can better tell you whether there is an opportunity to turn your idea into a successful business. It is a way to serrow in on the competitive advantage for your business. Learn More

02. Business Plan

Have you written a Business Plan?

A business plan is a roadmap for how to structure, run, and grow your new business. You will use it to convince people that investing in your company is a smart choice. Learn More

03. Funding

Have you secured Funding for your Business?

The business plan will help you figure out how much money you will need to start the business. If you do not have that amount on hand, you will need to either raise or borrow the capital. Learn More

04. Location

Have you researched Locations for Your Business?

Whether you are setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue. Learn More

05. Legal Structure

Have you considered Legal Structure Options?

The legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability. Learn More

06. Name

Have you decided on a Name for Your Business?

Your business name reflects your brand and captures your spirit. You also want to make sure your business name is not already being used by someone else. Learn More

07. Register

Have you Registered Your Business?

If your business name is different than your personal name, you will need to register with the federal government, and maybe your state government, too. Learn More

08. Tax IDs

Have you gotten Federal and State Tax IDs?

An Employer Identification Number (EIN) is like a social security number for your business. You will need it for important steps to start and grow your business, like opening a bank account and paying taxes. Learn More

09. Licenses & Permits

Have you applied for Licenses and Permits if applicable?

Keep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors. Learn More

10. Bank Account

Have you opened a Business Bank Account?

A business bank account will help you handle legal, tax, and day-to-day matters. With the right registrations and paperwork, setting one up can be easier than you think. Learn More

Resources For starting a businesses

 SourceDescriptionContact
Business Planning & WorkshopsWWBICExpertise in business planning, financing and accessing resources that can assist with starting and growing a business.WWBIC, Racine Office

www.wwbic.com

262-898-5000
Startup & Entrepreneurial ServicesUW-Parkside Small Business Development Center (SBDC)Coaching and guidance; financial lending assistance; business/marketing/strategic planning; business plans; market analysis; growth assistance for existing business and tech venture support.UW-Parkside SBDC
www.uwp.edu

Mary Fischer-Tracy

262-595-3363, fischert@uwp.edu
Business Start-up QuestionsWisconsin Small Business Answer LineHelps established, new and aspiring business owners at no cost! Answer Line staff draw from extensive curated resources to provide timely answers to your business questions.800-940-7232

wisconsinsbdc.org/business-answerline
MentoringSCOREOne-on-one, long-term business mentoring and consulting.To be connected to a local SCORE mentor call: 866-548-4358

counseling.28@scorevolunteer.org
Financial Capability WorkshopsWisconsin Women’s Business Initiative Corporation (WWBIC)Assistance with personal finances including topics such as budgeting, repairing and understanding your credit and protecting your identity. In-person and online on-demand workshops are available.WWBIC

www.wwbic.com

Heather Lux

262-898-5001, Heather.lux@wwbic.com
Veterans Business Outreach Center (VBOC)Wisconsin Women’s Business Initiative Corporation (WWBIC)Business development services to active duty service members, including Guard and Reserve, Veterans and family members of both.  Resources include Boots to Business, business training, counseling, assistance with loans, and assistance with veteran’s business certification.WWBIC/VBOC

www.wwbic.com

414-263-5450
Customer Diversification, Market, Distribution and New Product AssessmentsWisconsin Innovation Service CenterQualitative research to help companies make informed decisions on market opportunities, customers and competition. Inventors can see the feasibility of a new product idea, identify licensing partners, and solve manufacturing challenges.Center for Innovation and Business Development, UW-Whitewater

www.uww.edu/wisc


innovate@uww.edu, 262-472-3265
Export AssistanceWisconsin Go Global InitiativeAccess import and export documentation, shipping logistics and distribution information, trade grants, market intelligence and trade data, and other consulting resources to help your business reach new markets.
Wisconsin SBDC Go GLobal
wisconsinsbdc.org/goglobal
Chad Hoffman
608-301-6215, chad.hoffman@business.wisconsin.edu
ExporTechWMEPJoin a carefully selected group of up to eight non-competitive manufacturers where you identify your gaps and hurdles to expansion and develop your customized export plan to dramatically drive growth.WMEP

www.wmep.org

Roxanne Baumann

Director of Global Engagement, WMEP

262.442.8279, baumann@wmep.org
Food and Beverage IndustriesFood and Beverage (FAB) WisconsinResources focused to assist businesses in the food and beverage industry, including an accelerator, “how-to” series for small businesses, technical assistance, and networking.FAB Wisconsin

www.fabwisconsin.com

Brad Rostowfske

414-287-4135, brostowfske@fabwisconsin.com
Government Contracting and ProcurementWisconsin Procurement InstituteAssists Wisconsin companies with Government contracting, helping firms successfully enter and develop their Government market segment. More information available at:   www.wispro.orgWisconsin Procurement Institute

www.wispro.org

414-270-3600, INFO@WISPRO.ORG
Manufacturing ResourcesWisconsin Manufacturing Extension PartnershipProvide a variety of services to assist Wisconsin Manufacturers to grow their operations. Services include company consultations and resources for continuous improvement, Lean Six Sigma, supply chain, human capital, automation, ExporTech and many others. www.wmep.orgWMEP

Dave Bartels

414-659-6704, bartels@wmep.org
Personal Financial AssistanceGreen PathOne-on-one free credit counseling, specializing in helping eliminate credit card debt, student loan debt and assisting homeowners with avoiding foreclosure.Green Path Financial Wellness

800-550-1961

GreenPath.com
Prototypes & Product DevelopmentGateway Technical CollegeComputer-controlled tools to inspire innovation through prototyping.Fab Lab Program

262-898-7562

www.gtc.edu/business-community
Supplier NetworkWisconsin Supplier NetworkPromote your business services, solutions and capabilities to original equipment manufacturers expanding in Wisconsin and those located here looking to localize their supply chain. Connect with Wisconsin suppliers for your business.wisconsinsuppliernetwork.com
Technology Innovation Research Funding AssistanceThe Center for Commercial InnovationProvides one-on-one assistance to early-stage emerging technology businesses throughout Wisconsin.  Center consultants are experts in commercialization processes and Federal Grant opportunities and processes.The Center for Commercial Innovation

wisconsinsbir.org

Dave Linz

608-263-3315, dave.linz@uwex.edu
Water Technology ResourcesThe Water CouncilPromotes the growth and development of small and medium businesses operating in the water technology sector in the Great Lakes region. Connects small and medium-sized businesses to critical resources such as capital, training, networks, supply chains and technical assistance.The Water Council

thewatercouncil.com

Karen Frost, kfrost@thewatercouncil.com

Market Research

INVEST IN RCEDC

RCEDC’s mission is to grow Racine County’s property tax base and by supporting business expansions, provide employment opportunities to Racine County residents. Over the last three years the RCEDC staff assisted 72 projects that, when completed, will result in 1,000’s of new full time jobs, and will substantially boost local property tax revenues. Your investment allows RCEDC staff to continue these positive efforts.

INVESTMENT LEVELS

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