Fay-Penn Economic Development Council
Starting A Business
Starting a business is exciting—but it can also feel overwhelming. Whether you’re developing a new idea or preparing to launch, Fay-Penn is here to help. We connect entrepreneurs and small business owners with trusted resources, expert guidance, and educational programs designed to support every stage of business development.
Whether you need help creating a business plan, finding funding, or planning for growth, we can connect you with trusted partners and valuable support services throughout Southwestern Pennsylvania.
Many services are free or low-cost, making it easier to take the next step.
Call 724-437-7913 or email info@faypenn.org to learn more.
How We Can Help
Starting a business can feel overwhelming, but Pennsylvania makes the process straightforward with the right resources, and Fay-Penn is happy to help. The following steps are here to help small business owners and full-scale enterprises get started with their business:
- Plan Your Business
- Choose a Business Structure
- Register Your Business Name
- Get Your Tax ID Numbers
- Apply for Licenses and Permits
- Set Up Finances
- Build Your Support Network
Helpful Resources
Don’t go it alone! Take advantage of local resources like the Small Business Development Center (SBDC), chambers of commerce, and economic development organizations. These groups can provide free counseling, training, and connections.
- PA Business One-Stop Shop
- Pennsylvania Department of State - Business Registration
- Small Business Development Centers (SBDC) - free business advertising - Email brycel@faypenn.org or call 724-323-8054
Starting a business is a journey—but with planning, persistence, and the right partners, corporate and small business owners in Pennsylvania can turn their ideas into thriving ventures.
1. Plan Your Business
Before anything else, define your idea. Who will your customers be? What problem are you solving? Create a simple business plan that covers your product or service, target market, pricing, and financial needs.
Fay-Penn has a partnership with the St. Vincent Small Business Development Center, and their executive director works with Fayette County entrepreneurs to develop business plans and financial projections – both of which you will need when it comes to securing financing for your business.
2. Choose a Business Structure
Your structure determines how you’ll pay taxes and protect your personal assets. Common options include:
- Sole Proprietorship – simplest, but no liability protection.
- LLC (Limited Liability Company) – popular for small businesses, offering liability protection.
- Corporation – best for larger businesses or those seeking investors.
You can register your entity with the Pennsylvania Department of State.
3. Register Your Business Name
If you’re using a name other than your own, you’ll need to register a “fictitious name” (often called a DBA) with the state. Make sure your business name is unique and not already in use.
4. Get Your Tax ID Numbers
Most businesses need an Employer Identification Number (EIN) from the IRS for tax purposes. You’ll also register for a Pennsylvania state tax account with the Department of Revenue.
5. Apply for Licenses and Permits
Depending on your industry (food service, construction, childcare, etc.), you may need state or local permits. The PA Business One-Stop Shop is a helpful tool to figure out requirements.
6. Set Up Finances
Open a business bank account to keep your personal and business finances separate. Many new businesses also meet with a local lender to discuss startup financing or revolving loan programs available through organizations like Fay-Penn.
7. Build Your Support Network
Don’t go it alone! Take advantage of local resources like the Small Business Development Center (SBDC), chambers of commerce, and economic development organizations. These groups can provide free counseling, training, and connections.