Frequently Asked Questions

As you begin the process of starting your business, the Stony Brook Small Business Development Center is a valuable resource to help you avoid common mistakes and pitfalls in starting and growing your business. 

Can you answer these questions:

• How do I start a business?
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• Should I register my company as a C corporation, S corporation, an LLC, a partnership, or a sole proprietorship?
   
• Where can I get money for my business?
   
• What permits, licenses or registrations do I need for my business?
   
• How do I get a tax ID?
   
• What are my tax liabilities?
   
• What kind of insurance does my business need?
   
• What kind of books and records do I need to keep for my business?
   
• How do I create a business plan?
   
• What are the biggest mistakes made by start-up entrepreneurs?
   

The Stony Brook Small Business Development Center (SBDC) provides free, one-on-one, confidential business advisement in areas such as business planning, marketing, financial management, access to capital and technology transfer, to name a few.  The SBDC at Stony Brook University assists entrepreneurs, business and industry in the solutions of their problems to increase productivity and profitability. The SBDC is made up of professional and talented NYS Certified Business Advisors who take a personal interest in the success of your business. 

Click here to request your free appointment with a professional business advisor.