New York State Grant For Small Business

Category:
State:
New York
Control #:
NY-P109-PKG
Format:
PDF; 
Word; 
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Description

The well-planned launch of a business is vital to future business success. This package is designed to simplify the process of starting a new small business. The forms contained in this package are valuable tools that can be used to organize and track necessary tasks, create and present a business plan to potential investors/lenders, and more.



The Small Business Startup package contains the following forms:



Sample Business Plan Template



This form provides a guideline for you to fill in with the details of your particular business so that it can be used to seek funding and other participation. Sections are included for an executive summary, company description, market analysis, organization and management, service or product line, marketing and sales, funding proposal, financial projections, and more.



Checklist for Starting Up a New Business



This form is a handy checklist for the owner of a new business to use as a helpful tool in forming a new business. The form covers the stages of background planning, initial business transactions, and initial tasks that need to be accomplished to get the business up and running smoothly.



Projected Cash Flow Statement for Small Business Startup



This is a spreadsheet in Excel format that can be used in planning to start a new small business. It is an important tool that can be used to gain advantages with the management who controls the expenses, potential sources of borrowed money, potential equity investors, and the current shareholders.



Business Plan Slide Presentation



This is a Powerpoint slide presentation that outlines a business plan, with guidelines for adding your company's information to the slides. Topics covered include mission statement, management, business concept, competition, market strategy, financial plan, goals and objectives, and more. There are 13 slides included, which can be customized to fit your needs, and new slides can be added as needed.



Business Startup Costs Spreadsheet



This form is an Excel spreadsheet that can be used to calculate startup costs for a new business. It includes itemized categories for funding and costs, and is a valuable tool to help plan the financial aspects of your new business.



Customer Invoice Template



This is an invoice in Word format that allows you to itemize the product or service by quantity, description, and price. It includes shipping information and costs, taxes, as well as sections for notes and additional information. The top portion can be customized with your company logo and address, and contains a customer number, date, invoice number, and billing and shipping addresses.



Employment Application



This form is an employment application. Education, work history, criminal record, military service, and more are covered. The form provides that applications are considered without regard to race, color, religion, or veteran status.



Stand Alone Confidentiality and Noncompetition Agreement with Employee



A confidentiality agreement and covenant not to compete are important tools to protect your business interests. This form can prevent loss of customers and profits by protecting your production formulas, processes, and methods, business and marketing plans, pricing strategies, salary structure, customer lists, contracts, intellectual property, and computer systems.



Application for Name Reservation



File this name reservation form to reserve a unique business name for your corporation and prevent trade name infringement.



Description: The New York state grant for small business is a financial assistance program aimed at supporting and promoting the growth of small businesses in the state. These grants are specifically designed to provide funding to small businesses that are in need of capital to start or expand their operations, enhance their competitiveness, or generate employment opportunities for New Yorkers. The New York state government recognizes the importance of small businesses as significant drivers of economic development and job creation. As a result, they have established various grant programs to cater to the diverse needs of small businesses in different industries and stages of growth. These grants encompass different sectors and address different challenges faced by small business owners, providing them with the resources and opportunities to succeed. One type of grant that small businesses can apply for is the New York State Small Business Grants for Innovation. These grants are awarded to companies that demonstrate innovative ideas, products, or services that have the potential to significantly impact their respective industries. This grant program aims to foster technological advancements and encourage entrepreneurship in New York small businesses. Another type of grant available is the New York State Small Business Grants for Expansion. These grants are specifically designed to help small businesses expand their operations, increase their production capacities, or enter new markets. Through financial aid, the state aims to support the growth and competitiveness of small businesses, thereby contributing to the overall economic development of New York. Furthermore, the New York State Small Business Grant for Women and Minority-Owned Businesses is a program that targets businesses owned by women and individuals from minority communities. This grant program provides financial resources to empower and promote equal opportunities for these underrepresented groups. Through these grants, the state aims to foster diversity and inclusivity within the small business landscape, supporting their growth and success. To be eligible for any of these grants, small businesses must meet certain criteria, such as being based in New York State, having a viable business plan, and demonstrating a positive economic impact. The application process typically includes submitting a detailed business proposal, financial statements, and other supporting documents. In conclusion, the New York state grant for small business is a valuable resource for entrepreneurs and business owners seeking financial support and assistance in starting or expanding their ventures. With a range of grant programs available, small businesses can find the specific funding opportunities that align with their goals and needs. These grants not only provide financial aid but also contribute to the overall economic growth and prosperity of New York State.

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FAQ

PTE tax allows an entity taxed as a partnership or S Corporation to make a tax payment on behalf of its partners. The business pays an elective tax of 9.3% of qualified net income to the Franchise Tax Board.

The income of S-Corporations, Partnerships and Limited Liability Companies attributable to Vermont passes through to the shareholders, partners, or members and is taxed at the individual or corporate income tax rate. Each shareholder, partner, or member must also file a Vermont Income Tax return.

PTE taxes are designed to allow passthrough business owners and shareholders to pay state taxes on their net income at the entity level, like the corporate income tax, rather than paying taxes on their profits on the personal income tax.

Vermont LLCs are taxed as pass-through entities by default, meaning the LLC itself does not pay taxes directly, but instead passes its profits on to its members. Members of the LLC then pay the state's graduated personal income tax rate that ranges from 3.35% to 8.75%.

Use myVTax, our secure online portal to file your return, make a payment electronically, or continue a previous filing. Log in to myVTax.

Email: tax.rett@vermont.gov Hours: Mon, Tue, Thu, Fri, a.m. - p.m. We can also help with questions regarding Land Gains Tax, Real Estate Withholding, Land Gains Withholding Tax, and Property Transfer Tax.

Ways to Get Your. Vermont Income Tax Forms. Download fillable PDF forms from the web. Order forms online. Order forms by email. Order forms by phone. For a faster refund, e-file your taxes! For information on free e-filing and tax assistance for qualified taxpayers, visit .tax.vermont.gov.

How does Vermont's tax code compare? Vermont has a graduated individual income tax, with rates ranging from 3.35 percent to 8.75 percent. Vermont also has a graduated corporate income tax, with rates ranging from 6.00 percent to 8.5 percent.

More info

State of New York Pandemic Small Business Recovery Grant Program. New York State supports and encourages business growth with a variety of funds, loans, grants and other financial incentives.New York State government information and resources on Grants from the State Library. New York Small Business Development Center State University of New York Here are smallbusiness grants New York City businesses can apply for in September 2023. Learn more and pre-apply today. To start, WomensNet offers grants to women in New York (as well as all across the United States). This program is designed to provide technical assistance and training for small rural businesses. We will reach out to help get your business started off on the right foot! There is a similar grant for NYS small businesses called "Seed Funding".

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New York State Grant For Small Business