Starting a small business in Paterson, New Jersey, can be a challenging but rewarding experience. Here is a guide to help you get started:

Research and develop a business plan

Before starting a business in Paterson, it is important to have a clear understanding of the industry, target market, competition, and financial projections. 

Choose a business structure

Decide on the type of business structure that best suits your needs in Paterson, such as a sole proprietorship, partnership, LLC, or corporation. 

Register your business

Register your business with the New Jersey Division of Revenue and Enterprise Services. This includes obtaining a business registration certificate, a sales tax permit, and registering for unemployment and disability insurance.

Obtain necessary licenses and permits

Depending on the nature of your business in Paterson, you may need to obtain specific licenses and permits.

Open a business bank account:

Open a separate bank account for your business to keep your personal and business finances separate. 

Understand your tax obligations:

Understand your tax obligations as a business owner, including sales tax, income tax, and employment taxes. 

Create an online presence:

Create a website and social media accounts for your business in Paterson to reach a wider audience.

Relevant websites as you start your journey in doing business in Paterson, New Jersey: 

• Small Business Administration (SBA): https://www.sba.gov/

• New Jersey Business Action Center: https://www.newjerseybusiness.gov/

• New Jersey Division of Revenue and Enterprise Services: https://www.nj.gov/treasury/revenue/

• New Jersey Division of Taxation: https://www.state.nj.us/treasury/taxation/

• Pype Media (website and digital marketing) www.pypemedia.com