A startup business

Small Business Startup Services

You’re making big decisions and taking big risks when opening your own business not only do we respect your tenacity, but we also want to support you. Having worked closely with thousands of businesses for nearly 50 years, we’re familiar with the tools and resources needed to start a small business. With Paychex beside you, you’ll have the startup services you need to move forward with confidence.

Virtual CFO: Free Business Creditworthiness Tool 

Biz2Credit’s enhanced BizAnalyzer helps track the financial health of your business from a single dashboard. Check important metrics, use the scorecard to measure creditworthiness, and get free tips for improvement. Plus, your data is safely encrypted and stored.

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Entity Choice Wizard

Unsure which type of business entity to form? This MyCorporation tool can help you decide. Just answer a few questions about your business, and discover which type of entity best suits your business.

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Startup Business FAQs 

  • What type of business should I start?

    What type of business should I start?

    Starting a business isn’t a decision to take lightly. That’s why you should have a solid understanding of the type of venture you want to start before heading down the path of entrepreneurship. Some of the most successful businesses take advantage of gaps or niches in the market and differentiate themselves from competitors.

  • How much does it cost to open a business?

    How much does it cost to open a business?

    It's impossible to guess exactly how much you’ll need for business operating costs. Instead, try to realistically estimate by creating a working budget and get a better understanding of when and where funds should& be allocated.

  • Should I combine my personal and business finances?

    Should I combine my personal and business finances?

    You may rely on personal resources to fund your business at the start, but there are long-term benefits of separating your personal from your business finances. Get a separate bank account and separate credit card for your business, even if you operate as a sole proprietor under your own name.

  • Are there any options if I’m self-employed and don’t have employees yet?

    Are there any options if I’m self-employed and don’t have employees yet?

    There are solutions specifically built to help owner-only businesses. For example, Paychex Solo can help you maximize 401(k) savings potential as both employer and employee, save on taxes with payroll services, and stablish and protect your business.

  • What type of incorporation should I choose for my business?

    What type of incorporation should I choose for my business?

    Deciding which type of legal structure to choose – sole proprietor, LLC, partnership, S corporation, or C corporation – has many implications from a legal standpoint. For example, you remain personally liable for business debts unless you incorporate or form an LLC. This means business creditors can reach your home, personal car, and other assets. Entity choice also impacts your taxes — when and how you file, whether payments to you are subject to payroll taxes or self-employment tax, and tax-advantaged fringe benefits you can use for yourself. Talk with an attorney about which entity is right for you.

  • Do I need business insurance?

    Do I need business insurance?

    State and federal laws may not require you to have liability protection or other coverage for your new business, but it's very risky to operate without it. A few things to consider: If you operate your business from home, don't assume your homeowners' policy will protect you. If you use your personal vehicle for business driving, check to see whether you need to make any changes to your policy.

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