Starting A Business in Box Elder

Whether you're looking to open a small business or expand your operations, we are here to support you throughout the process. Below is a step-by-step guide to help you get started.

1. Research & Plan Your Business

Creating a solid business plan is the first step to setting up a successful business. This plan will guide you through every stage, from startup to growth. A variety of resources can assist with business planning. The Small Business Administration (SBA) offers a wealth of information, including business plan templates, financing options, and guidance on how to start and grow your business. Additionally, the South Dakota Small Business Development Center (SD SBDC) provides free, confidential business consulting services and training events. For tax incentives, financing, and technical assistance, the South Dakota Governor’s Office of Economic Development (GOED) is also available.

2. Register Your Business

Once your business plan is in place, you will need to register your business with the appropriate state and federal entities. Start by registering your business name and entity with the South Dakota Secretary of State. You will also need to obtain an Employer Identification Number (EIN) from the IRS, which is necessary for most business operations.

3. Obtain Business Licensing in Box Elder

To operate a business in the City of Box Elder, you must obtain a business license to ensure compliance with local laws and regulations. Box Elder requires all businesses to secure a business license before starting operations. This helps maintain safety and ensure that zoning and other local regulations are followed. Further information and business license applications can be obtained by contacting us.

4. South Dakota State Business Requirements

In addition to local requirements, businesses in South Dakota must comply with state-specific regulations. Most businesses selling goods or services in South Dakota need to obtain a state sales tax license.

5. Financing and Grants

Securing financing is a crucial part of starting and growing your business. The SBA offers various financing options, including loans and grants for small businesses. GOED also provides several loan and grant programs to support business expansion and growth within South Dakota.

6. Additional Resources

The Box Elder Economic Development Office is available to assist you with zoning, permits, and other local requirements. 

Email: economicdevelopment@boxelder.us for more information.