LLCBase is your go-to place for everything about LLCs, and it's led by Brian Cohan, who's an expert in the field. Brian and our team are here to give you clear and helpful advice on how to set up and manage an LLC. We've been through the process and know the ins and outs. Our articles and guides are based on real experiences, making them practical for you. We're committed to helping you make smart choices for your business. With LLCBase, you're in good hands as you navigate the world of LLCs.
Starting a small business in White Plains, NY: Whether you want to diversify your career or become an entrepreneur, starting a small business will always be a unique idea. Small businesses require less funding; they are cost-effective and easier to start. If you’re considering starting a small business in White Plains, NY, there are some important points you need to consider before taking the first step.
White Plains, located in New York state, is one of the places that is favorable for entrepreneurs. With a population of 59452 (approx), the place has diverse work opportunities. Starting a small business in White Plains is a good opportunity if you choose a proper business type. Starting a business involves a few steps, including having a solid business plan. Remember, it is not worth spending the money and time if you don’t have a proper plan, especially if you’re a beginner.
LLCBase Team has come up with a simple step-by-step guide on how to start a small business in White Plains, NY. From conducting market research to securing the necessary permits, this guide will provide a roadmap to get your business off the ground in White Plains.
On this page, you’ll learn about the following:
- Start a Small Business in White Plains, NY
- How to Start a Small Business in White Plains, NY
- Cost of Starting a Small Business in White Plains
Start a Small Business in White Plains, NY
Small businesses are not so difficult to start in White Plains. As mentioned earlier, it is easy, less complicated, and of course, needs little or no money to set up a small business in White Plains, NY. If you consider filing your small business with the New York Secretary of State, choosing a limited liability company would be better. Starting an LLC is much easier and less expensive than any other form of business.
In many regions of New York, especially major cities, Delivery services is the most favorable business to start. If you’re in the capital of the state, Albany, you have immense opportunities to start your Delivery services business. On the other side, some of the businesses, such as Merchandise Reseller, Mobile business, Trucking Business, and Daycare Center are favorable in many other parts of New York state.
Now, let’s look at the demography of White Plains. The percentage of the female population (51.6%) to the percentage of the male population (48.4%) is kind of useful for any business to start in White Plains. For some businesses, this percentage plays a pivotal role in anticipating future revenue. This is one of the crucial facts you need to know before your business hits the ground in the city.
On the other hand, looking at the income of households in White Plains, 51.2% of people make a six-figure income in a year. If you are about to set up businesses like Delivery services in White Plains, you get a clear idea of who can be your potential customer. Following are some important stats and facts about White Plains, NY.
Important Statistics in White Plains, NY
Household Income (%)
|Household Income $150k+
|Household Income $100k-150k
|Household Income $75k-100k
|Household Income $50k-75k
|Average (Median) Individual Income
Education and Employment (%)
|Unemployment Rate (%)
|Labour Force Participation (%)
|College or Above (%)
|Stem Degree (%)
- Population in the 30s: 13.8 (in millions)
- Population in the 40s: 12.3 (in millions)
- College graduates: 28.8%
- Family Average Income (Median): 104849
- White Plains Unemployment rate: 5.7%
- Poverty rate count: 8.4
These statistics are estimated and taken from various sources across the internet. It is recommended to verify the data before you take this into consideration.
Recommended Read: Start a Small Business in Towson, MD
How to Start a Small Business in White Plains, NY
To start a small business in White Plains, you must go through a few steps. You can perform these steps independently or hire business formation services to do it for you. You’ll find many such providers in New York. You can explore the best LLC services in New York. They are proficient and experienced in forming all types of businesses, from small to large in size. Some leading companies offer New York LLC formation at $0. Following are the steps to start a small business in White Plains:
Step 1: Research and Planning
Before diving into the world of entrepreneurship, it’s crucial to conduct thorough market research to determine the feasibility of your business idea. Identify your target market, assess your product or service demand, and analyze the competition in White Plains, NY. This research works for you to understand your customers’ needs, preferences, and purchasing habits, allowing you to tailor your offerings accordingly.
Also, create a comprehensive business plan outlining your company’s goals, strategies, and financial projections. A very well-balanced business plan will serve as a roadmap to your new business and help you secure funding from investors or financial institutions.
Getting a business idea before you proceed to the next step is important. The top 5 businesses in New York are, Delivery services, Merchandise Reseller, Mobile business, Trucking Business, and Daycare Center respectively. If the city/town you are in has demand for any of the businesses mentioned above, you can easily start it at a very minimum cost.
Step 2: Legal Considerations
Next, you must address the legal aspects of starting a business in White Plains, NY. You must decide on the legal business structure, like Partnership, Sole Proprietorship, Limited Liability Company (LLC), or corporation. Each structure has its own advantages and disadvantages, so consult with a business attorney or accountant to determine the most suitable option for your specific circumstances. Forming an LLC for small businesses is desirable as it offers better tax benefits than other structures.
Register your business under proper offices, such as the White Plains Clerk’s Office or the New York Secretary of State’s Office. If available, you can file your business online through New York Secretary of State online portal. Obtain the necessary licenses and permits in New York and White Plains to operate legally in your industry. These requirements vary depending on the nature of your business, so it’s important to research and comply with all applicable regulations.
2a. Name Your Business in White Plains
Every business needs a proper and good name. When you start a business, you must name it as per the type and nature of the business. Before you name your business in White Plains, NY, make sure your name is available for use. There are ways to find if the business name is available in New York or White Plains. You can attempt a business name search in New York by using the Secretary of State online portal.
2b. Appoint a Registered Agent
Every business needs a registered agent who will receive official documents from the government on behalf of the company. The Resident Agent is a person that must have a physical address in New York state. The person should be above 18 years old and must have a permit to work in the New York. Several business formation services in White Plains provide registered agent services at reasonable prices. You can explore the best registered agents in New York to choose the best one for you.
2c. File Formation Document
The next step is to file your formation documents with the New York SOS. If you’re forming a sole proprietorship for your small business, you can skip the registration part. A sole proprietorship does not require formal registration. You must register your business for others, like corporations, LLCs, or nonprofits. For an LLC, you must file the New York Articles of Organization, and for the Corporation, you must file the New York Certificate of Incorporation with New York Secretary of State.
Step 3: Finances and Funding
Starting a small business often requires initial capital to cover equipment, inventory, marketing, and office space expenses. Assess your financial situation and determine how much funding you’ll need to launch your business. Explore different financing options, including personal savings, bank loans, grants, and angel investors. In White Plains, you will find New York small business loans and New York small business grants to get the funding you need. You can also get funded through private investors in White Plains, NY. There are companies, organizations, and individuals that invest in small businesses to make a good amount of money.
Consider creating a detailed financial forecast that outlines your projected revenue, expenses, and cash flow for the first few years of operation. This will help you manage your finances effectively and demonstrate your business’s potential to potential investors or lenders.
Step 4: Location and Facilities
Choosing the right location for your small business in White Plains, NY is crucial, as it can greatly impact your success. Consider factors such as foot traffic, accessibility, competition, and proximity to your target market. Research available commercial spaces, whether it’s a storefront, office, or warehouse, and negotiate favorable lease terms. Depending on your product/service type, you must choose the location. If you are starting Delivery services in White Plains, you must choose the location where you get the most appropriate customers/buyers.
If your business operates primarily online, ensure you have a reliable website and a strong online presence to reach your customers effectively. Invest in e-commerce platforms and digital marketing strategies to drive traffic and generate sales.
Step 5: Get Permits and Licenses
After registering your business, you need to apply for permits and licenses to conduct the business in White Plains. You must check with New York Secretary of State for proper license requirements. Permits can be received from the local county office or city office.
For the licenses, you can check the New York Business Licenses to know what type of licenses you need for your business.
Step 6: Branding and Marketing
Develop a compelling brand identity that resonates with your target audience. Create a memorable business name that is not used by any other company in White Plains or New York state, design a professional logo, and craft a consistent visual identity across all marketing materials. Establish your online presence through social media channels, a business website, and relevant online directories.
Craft a comprehensive marketing strategy that includes both traditional and digital marketing tactics. Utilize local advertising, sponsor community events in White Plains, and collaborate with influencers or White Plains local media outlets to generate buzz around your business. Consider offering promotions or discounts to attract new customers and build brand loyalty.
Step 7: Hiring and Team Building
As your business grows, you may need to hire employees to help manage day-to-day operations. Define the roles and responsibilities required for your business and develop a hiring process to attract qualified candidates. Comply with employment laws and regulations, such as minimum wage requirements and workplace safety guidelines. Invest in team-building activities to foster a positive work environment and encourage employee collaboration. Happy and motivated employees contribute to better customer service and overall business success.
Step 8: Continuous Learning and Adaptation
Starting a small business is an ongoing learning process. Stay informed about industry trends, changes in consumer behavior, and new technologies that can enhance your business operations. Attend workshops, conferences, and networking events to connect with other entrepreneurs and gain valuable insights.
Remain flexible and willing to adapt your business strategies based on market feedback and customer preferences. Regularly assess your business performance, review your financials, and make adjustments as necessary to ensure long-term success.
Cost of Starting a Small Business in White Plains
The main cost one has to bear is the filing cost. In New York, the cost of filing a business depends on the business structure. If you are starting an LLC in White Plains, the cost of filing it is $200 (by mail and online). On the other side, if you’re setting up a corporation in White Plains, the filing cost is $125 for filing online, or by mail. This fee is mandatory and has to be paid at the time of filing the company.
Apart from the state filing fee, there is a registered agent fee, operating agreement fee, and other documentation fees to be paid. These are variable costs and depend solely on the state and city you’re starting your business. The other costs are licenses, permits, and special permission fees set by the White Plains local government or county authorities. You must check with the local city offices for the exact amount to be paid before or after you set up your small business in White Plains. Read New York LLC Cost if you want to start an LLC in White Plains, New York.
Other Useful Stats about White Plains, NY
|Population Density (per sq. miles)
|% of Male Population
|% of Female Population
|% of People in their 20s
|% of People in their 30s
|% of People in their 40s
|% of People in their 50s
|% of People in their 60s
|% of People in their 70s
|% of People above 80s
|Average Individual Income
|% of People owned own home
|Labour Force Participation
How Fast Can You Start a Small Business in White Plains, NY
One of the first considerations is obtaining the necessary licenses and permits. White Plains, like any other city, has specific regulations and requirements that need to be met before commencing operations. While this process may take some time and paperwork, the Small Business Resource Center in White Plains is always ready to assist entrepreneurs and guide them through the necessary steps. This ensures that new businesses comply with local laws, ensuring a smooth and legal start.
Another factor affecting the speed of starting a small business in White Plains is the business plan. Developing a solid business plan is essential as it serves as a blueprint for success. It outlines the goals, strategies, and financial projections of the business, which is crucial both when seeking funding from investors or financing institutions and for personal direction. For entrepreneurs who have a thoroughly prepared business plan ready to execute, the process can be expedited significantly.
Apart from licensing and planning, the location of the business is a key factor in determining the timeline for starting a small business. White Plains offers a variety of commercial spaces, from downtown storefronts to spacious offices in commercial districts. The availability of existing infrastructure can greatly impact the timelines, as businesses taking over established spaces with functional amenities can begin operations more rapidly. It is essential to consider factors such as foot traffic, accessibility, and visibility when selecting a location to ensure a quick start and attract potential customers.
Furthermore, the availability of financing options plays a significant role in expediting the start of a small business. While some entrepreneurs may have personal savings or capital for investments, many rely on external funding sources, such as loans or investments from venture capitalists. White Plains benefits from a well-established banking sector, fostering an environment where entrepreneurs can seek financial assistance from reputable institutions. Building a positive relationship with a bank or exploring financing options in advance may hasten the process of securing funds and getting the business off the ground.
Lastly, the individual entrepreneur’s level of preparedness and dedication is crucial in determining the speed at which a small business can be established. Those who are highly motivated, proactive, and resourceful are more likely to navigate through the process efficiently. This includes conducting thorough market research, understanding the local consumer base, and building a strong network of partners and suppliers. Additionally, being adaptable and open to adjusting plans and strategies as needed can expedite progress and increase the chances of success.
In conclusion, starting a small business in White Plains, NY, can be a relatively swift process if the necessary steps are followed conscientiously. From obtaining relevant licenses to developing a sound business plan, selecting the right location, securing financing, and demonstrating entrepreneurial preparedness, all these factors contribute to setting up a small business efficiently. By considering these factors and taking proactive steps, aspiring business owners can ensure a speedy start and begin capitalizing on the abundant opportunities offered by White Plains’ thriving business environment.
Starting a small business in White Plains requires careful planning, dedication, and hard work. By following these steps and seeking guidance from local resources, you can lay a solid foundation for your entrepreneurial journey. Remember, success often comes with perseverance and a willingness to learn from both triumphs and setbacks. Good luck with your entrepreneurial endeavors in White Plains!