Plan

Develop a Business Plan

A business plan serves as a road map for decision-making and helps you remain focused on the core mission and goals of the company. It’s a living, breathing document - something that should be reviewed often and modified as the business grows. Banks and landlords frequently request this document as a means of accessing the viability of a venture. Even if it is not required by an outside entity, every business needs a plan.

Business Plan Resources

  • Small Business Development Center (SBDC)- Provides free and low-cost assistance to small businesses and aspiring entrepreneurs through classroom offerings and one-on-one counseling sessions.
  • SCORE: Frederick - A local business mentor group made up of volunteer experts that offer real life experience and advice across a range of industries. 
  • Maryland Women’s Business Center (MWBC) - Works with small businesses to start, sustain, and grow their businesses. Their services include workshops and seminars, online training, and business counseling. 
  • Reference Solutions - A free resource available through Frederick County Public Libraries that offers detailed records about 12 million U.S. businesses to help guide your market research. 

Choose a Business Structure

Selecting the right business structure is important for legal and tax purposes. There are many different options for business format, such as:

  • Limited Liability Corporation (LLC)
  • S-Corporation
  • Sole Proprietor
  • And More

We recommend you  discuss the options with both a lawyer and an accountant before deciding on your business structure, as different structures come with different legal liabilities and tax implications.

Starting a Charity / Non-Profit Organization

Visit the Maryland Secretary of State’s Non-Profit Organization page for information.