Complying with regulations is often considered one of the necessary evils of small business ownership, and recognizing which regulations apply to your business can be a hurdle to jump

Did you know that the State of Iowa has more than 430 different license and permit requirements? Do you know what tax incentives might be available for your business? Thinking about doing business with the government? There are steps that can help you navigate through the sometimes-muddy waters of these and other regulatory areas. Here’s just a few:

• IASourceLink is home to the Iowa Business License Information Center, where information on licenses can quickly and easily be found. A license search will provide details on the license itself, as well as provide the correct agency contact information. Just need some basic information on regulatory requirements for a business in Iowa?

• Determining a legal structure is one of the most important decisions to make when starting or growing a business. Tax implications and legal liability are just two reasons to thoroughly understand which structure is right for your business stage. Learn more about the different types of business entities and some associated advantages and disadvantages to be aware of.

• Considering selling products or services to the government? Local, state and federal government agencies buy an amazing array of products and services! If you’re not sure where to start, guidance offered through Iowa State University’s Procurement Technical Assistance Program (PTAP) is free or low cost and can be a great first step!

• Do you have an invention that you need to protect? There are many reasons your intellectual property (IP) should be protected and the United States government has resources available to help you learn how to patent, trademark or copyright your invention.

Don’t do it alone. There are resources available to help put your plan together. Hancock County Economic Development Corporation is a free resource for someone looking to start a business in Hancock County Iowa.

Call for your appointment today at 641-923-9921, email Director@hancockcountyiowa.com or stop by the office at 650 West 3rd Street, Garner Iowa 50438 (office open by appointment).

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Regional Editor

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