Grand Island Area Chamber of Commerce
Guide to Starting a Business in the
Grand Island/Hall County Area
FOREWORD
The development and establishment of new businesses are vital to
the economic health and well being of every American community. Hall
County, Nebraska is no exception.
It is very easy to start a new business although it is not very easy to
start a successful business. Starting and managing a business takes
motivation, desire, and talent.
To increase your chance for success, take the time up front to
explore and evaluate your business and personal goals. Then use this
information to build a comprehensive and a well-thought-out business
plan that will help you reach these goals.
The information provided in this booklet, while not exhaustive by any
means, is intended to guide you along your way in this fast-growing
section in central Nebraska. From all of us at the Grand Island Area
Chamber of Commerce, best wishes for a successful and prosperous
future!
HOW TO USE THIS BOOKLET
If you are unfamiliar with the requirements of starting your own
business, this booklet will assist you in that process. It is recommended,
however, that you use this book in conjunction with contacting the
Nebraska Department of Economic Development. And, on legal and
financial matters, it is always recommended that you seek advice and
assistance of a competent professional.
TABLE OF CONTENTS
Going Into Business For Yourself
Check List For Starting A Business
Business Plan
Legal Forms Of Business
Financial Information
Taxes
License
Glossary (a business glossary)
Resources Available
1
4
6
11
16
20
24
26
29
GOING INTO BUSINESS FOR YOURSELF
Guide to
Starting a Business in the Grand Island/Hall County Area
Page 1
GOING INTO BUSINESS FOR YOURSELF
ARE YOU READY?
Thinking of going into business for yourself?
How ready are you?
The American dream is to own and manage one's own business.
However, many people that aspire to have their own business do not
realize the considerations, commitments and sacrifices that are often
required.
This activity is a checklist to be used to help evaluate your degree
of readiness for starting your own business. It can serve as a limited selfappraisal of how sincere your desire is for a business of your own. It may
also show how thorough your planning has been.
This checklist may reveal your strong and weak points and bring to
mind some things that perhaps you had not thought of before. In the
end, it should give you an idea of how close you are to being ready to
start your own business.
o I have visited with owners/operators of similar businesses and have
objectively evaluated the potential for the business that I want to
start.
o I have done some fact finding and research on facilities.
o There is a need for this business.
o The investment/return ratio is favorable.
o I have a good idea of how much money is required to start my
business.
o I am willing to obligate myself to loan payments, if necessary, to
borrow money for the business.
o I have money available to invest in the business.
o I am willing and able to give up a regular job and paycheck to start
my own full-time business.
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Starting a Business in the Grand Island/Hall County Area
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o I am willing and able to devote as many hours per day/week as
necessary to get and keep my business going.
o I am willing to take risks.
o I know what I want out of life and a business of my own fits into that
plan.
o I am not fearful of competition.
o I have carefully weighed the pros and cons of going into business
for myself.
o I know how to establish realistic business goals and can follow them
through to completion.
o I have had experience in this type of business.
o I have evaluated my personal strengths and weaknesses, and will
obtain management or technical expertise in the areas where I
need assistance.
o I have the complete backing of my family in my business endeavor.
o My family understands that the business may interfere with some
family activities.
o I understand that the success or failure of my business may have
profound effects on my family.
The two main ingredients of any successful business are ENTHUSIASM
and PLANNING. Enthusiasm is a quality that you either possess or you do
not, while planning is something that everyone can learn. This booklet will
help you formulate a working business plan. You will have to supply the
enthusiasm.
Guide to
Starting a Business in the Grand Island/Hall County Area
CHECKLIST FOR
STARTING A BUSINESS
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Guide to
Starting a Business in the Grand Island/Hall County Area
Page 4
CHECKLIST FOR STARTING A BUSINESS IN
GRAND ISLAND/HALL COUNTY
o Determine the type of business that you want to start by identifying
your personal characteristics and the market characteristics of an
industry that interests you.
o Identify potential locations that suit your type of business, your
budget, and your market requirements.
o Prepare a written business plan (this directory includes one format
that you could follow).
o Determine the type of business organization you will be using (sole
proprietorship, partnership, corporation or limited liability company).
o Contact the Internal Revenue Service to obtain a federal employee
identification number and other items as necessary.
o Determine record-keeping requirements and establish a record
system.
o Check with the following to determine what laws, ordinances, and
regulations cover your business: Secretary of State, Nebraska
Department of Revenue, Nebraska Department of Labor, and city,
county, and state licensing agencies.
o Check with the Bureau of Securities and/or the Department of
Banking and Finance if you need to raise capital by selling
securities.
o Contact a private insurance carrier regarding business casualty,
liability, workman's compensation, and other insurance as
appropriate.
o Use this directory to locate agencies and organizations that will help
you with each step involved in starting or expanding your own
business.
Guide to
Starting a Business in the Grand Island/Hall County Area
BUSINESS PLAN
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Guide to
Starting a Business in the Grand Island/Hall County Area
Page 6
BUSINESS PLAN
Planning is the MOST IMPORTANT part of starting and running a
successful small business. A business plan clearly defines your business
goals and outlines your methods for achieving them. Your plan should
concisely describe what your business will do, how it will do it, who will do
it, who does what, and where, why, and when it will all be done. Your
business plan will help you assess how feasible your business will be. It will
also help prospective lenders and investors evaluate the credibility and
potential success of your business.
Elements of a Business Plan:
1) Cover letter
a) Purpose
2) Summary
a) Business Description
i) Name
ii) Location
iii) Product
iv) Market and competition
v) Management expertise
b) Business goals
c) Summary of financial needs and application of funds
d) Potential return to investors compared to competitors and the
industry in general
3) Products and/or Services
a) What is your business?
b) What will you sell? Description of product line/service.
c) What is special about your product/service?
4) Location
a) Access to suppliers or customers
b) Environmental concerns
5) Sales and Marketing Strategies
a) Who are your customers and where are they?
b) Why will they buy your product/service?
c) Why won't they buy your product/service?
d) Who are your competitors? How are you different?
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6) Manufacturing Process
a) How do you intend to produce your product/services?
b) Are there any products utilized in the manufacturing process that
might require special handling or generate an external or internal
environmental hazard to the public or the employees?
7) Management Plan
a) Form of business
b) Name of accountant, attorney, insurance agent and financial
institution
c) Board of Directors composition (if applicable)
d) Officers: organization chart and responsibilities (if applicable)
e) Resumes' of key personnel
f) Staffing plan/number of employees
i) Availability of workers or skilled persons
ii) Wage requirements
iii) Status of area or industry labor organizations
g) Facilities plan/planned capital improvements
h) Operating plan/schedule of upcoming work for next 1-2 years
8) Financial Data
a) Financial history (3 years to present)
i) Owner's financial statements and tax returns
ii) Balance sheets (if applicable)
iii) Income statements (if applicable)
iv) Tax returns (if applicable)
b) 3-5 years financial projections (first year by month; remaining years,
annually)
i) Income statements
ii) Balance sheets
iii) Cash flow projection
iv) Capital expenditure estimates
v) Break even analysis
c) Explanation of projections
d) Opportunities and threats to achieving your projections
9) Concluding Narrative
a) Any unique requirements
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Your business plan has to be complete, easy to understand, neat
and as accurate as possible. Avoid making your plan too lengthy or
complicated. Remember, your plan serves as a blueprint for your business
and should entice any reader to want to know more about your
company.
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Starting a Business in the Grand Island/Hall County Area
Page 9
Benefits of a Business Plan
1) A plan gives you a path to follow to make the future what you want it
to be. A plan with goals and steps allows you to be in full control of
steering your business in the chosen direction.
2) A plan provides insight for your banker. By reading the details of your
business plan, your banker can gain considerable insight into your
business situation.
3) A plan is a communication tool when you need to orient your staff,
your suppliers, and others about your business operations and
objectives.
4) A plan helps you in developing your managerial skills and in seeking
out situations that are advantageous to your business in an operating
environment. Such practice, over time, will help increase your ability to
make sound business judgments.
Guide to
Starting a Business in the Grand Island/Hall County Area
LEGAL FORMS OF BUSINESS
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Starting a Business in the Grand Island/Hall County Area
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LEGAL FORMS OF BUSINESS
Once you have decided to start a business, you must decide what
form of business organization to use. Normally, a business is conducted in
the form of a sole proprietorship, a partnership, a corporation, or a limited
liability company. There are advantages and disadvantages to each
form. This summary provides a general description of these different
forms, their liability considerations, and the nature of taxation.
Consultation with qualified accounting and legal professionals is
useful in determining the most appropriate form of organization for your
business.
Sole Proprietorships
Description: A sole proprietorship is the simplest form of business
organization. The business is unincorporated and is owned entirely
by one person, who alone receives the profits from the business.
The life of the business is tied to the life of the owner.
Liability: The proprietor alone is responsible for the liabilities of the
business, even if those debts exceed the owner's investment in the
business. All the owner's assets--both those used in the business and
personal property such as a home or car--can be attached by
creditors to pay business debt. The sole proprietor may be able to
minimize certain risks such as property loss, personal injury, or
product liability by obtaining proper insurance coverage.
Nature of Taxation: For a sole proprietorship, the business itself does
not pay any income tax. The sole proprietor reports the profits or
losses on his/her individual income tax return. The profits are taxed
at the sole proprietor’s individual income tax rate. If you are a sole
proprietor, you are probably liable for self-employment tax. You
ordinarily will have to make estimated tax payments.
Partnerships
Description: A partnership is the relationship existing between two
or more persons who join together to carry on a trade or business.
Each person contributes money, property, labor, or skill, and
expects to share in the profits and losses of the business. The life of
the partnership is tied to the lives of the partners.
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Liability: A partnership is similar to a sole proprietorship in that each
partner is liable for the debts and obligations of the partnership,
even if the debts exceed his/her investment and even if the partner
did not personally consent to the debt. The partner with greater
personal assets risks losing more than a partner with fewer personal
assets. As with a sole proprietorship, many business risks can be
lessened by obtaining adequate insurance.
Nature of Taxation: For a partnership, the business does not pay
any income tax. The partners include their respective shares of the
partnership’s profits and losses on their individual income returns.
The partnership, however, is required to report income and
expenses of the partnership on federal and state “information” tax
returns.
Corporations
Description: A corporation is a separate legal entity with ownership
divided into transferable shares of capital stock. It is the most
formalized form of business organization. The board of directors,
elected by the shareholders, has the responsibility for the
management of the corporation. Corporations have perpetual life.
Each state has its own statutory requirements for the incorporation
and operation of a business.
Liability: As a legal entity, the corporation is responsible for the
debts and obligations of the business. In most cases, the
shareholders are generally exempt from personal liability for those
debts, and thus risk only up to the amount of their investment in the
corporation.
Nature of Taxation: As a legal entity, the corporation is also a
separate taxable entity, and is often viewed as the least
advantageous form of business organization for two reasons.
1. Corporation profits are subject to double taxation: as income
to the corporation and as dividends distributed to
shareholders.
2. Corporate losses are deductible by the corporation but not
by the individual shareholders.
A qualifying corporation may choose to be generally exempt from
federal income tax. A corporation that makes this choice is known
as an S corporation. To form an S corporation, a corporation must
Guide to
Starting a Business in the Grand Island/Hall County Area
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not have more than 75 shareholders, each of whom must consent
to the choice. In an S corporation, the owners, not the business
entity, pay income tax on profits of the business. Also, S corporation
owners generally may claim their prorata share of the corporation's
losses on their individual tax returns.
Limited Liability Company (LLC)
Description: An LLC is a business entity that is structured similar to a
partnership. Each member contributes money, property, labor or
skills; and each member shares in the profits and losses of the
business. An LLC must file Articles of Organization with the Secretary
of State.
Liability: An LLC is a business entity that is generally treated as a
corporation for state law purposes. The LLC is responsible for the
debts and obligations of the business. Members generally have
limited liability and therefore, do not have personal liability for the
LLC debts.
Nature of Taxation: If properly structured, the LLC is taxed like a
partnership, and therefore, the business does not pay income tax.
The members of an LLC include their respective share of the LLC
profit or loss on their individual income tax return. The LLC, however,
is required to report income and expenses of the business on
federal and state partnership income tax returns.
Factors to Consider When Determining the Form of Organization
When choosing the most suitable form of organization, a variety of
factors should be considered, including the following:
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Extent of regulations involved with each form of organization
Complexity of establishing and/or terminating the business
Transferability and continuity of ownership interests
Liability of the business owner(s)
Management control
Tax considerations
Profit and loss distribution
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Starting a Business in the Grand Island/Hall County Area
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There are other forms of business organizations in Nebraska, such as,
limited partnerships, limited liability partnerships and professional
corporations. These types could be explored with your attorney. Detailed
advice on specific situations and further information can and should be
obtained from a competent attorney, accountant, or other tax
professional.
What’s in a name?
The name used by your business can be a valuable asset; therefore,
you should take great care when selecting it. Before you decide on a
name, check telephone, business, or trade directories to verify that it is not
already in use or confusingly similar to another business’s name.
The Secretary of State’s office registers corporations, foreign
corporations, limited partnerships, out-of-state corporations doing business
in Nebraska, trade names, trademarks, and service marks.
To register state trade names, trademarks, and corporation names
contact the Nebraska Secretary of State.
Guide to
Starting a Business in the Grand Island/Hall County Area
FINANCIAL INFORMATION
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Starting a Business in the Grand Island/Hall County Area
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FINANCIAL INFORMATION
There are three categories of expenses incurred when starting a new
business:
1) Working capital – this is money used to operate the business; e.g., rent,
utilities, wages, insurance (monthly), inventory, etc.
2) Owner’s draw – this is money that you pay to yourself, your salary; at
the start this should include only what you need to live –
rent/mortgage, food, and utilities, etc.
3) Start-up costs – this is money that you need just to open the doors –
equipment, licensing and legal fees, down payments, etc.
FOLLOW THE FLOW CHART ON THE NEXT PAGE TO DETERMINE THE BEST WAY
FOR YOU TO FINANCE THESE COSTS:
Guide to
Starting a Business in the Grand Island/Hall County Area
Do I know my monthly fixed
costs (working capital)?
No
Yes
Do I know the owner’s draw?
Yes
No
Do I know my
start-up costs?
Yes
No
Add your monthly working
capital and owner’s draw.
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Do a projected cash flow analysis
(SBDC has a worksheet to assist you).
Include working capital for 3 – 6
months for a product, 6 – 12 months
for a service.
Figure the minimum amount
of money that you and any
dependents need each month.
Get firm estimates from
suppliers, dealers, etc.
Add costs for licenses, legal fees
and any other one-time expenses.
Do a break-even analysis. How much monthly business do you need in order to cover
your monthly costs? Determine when, and under what conditions the business will
become profitable.
Will the business provide
an owner’s draw?
Calculate your collateral base – this may
include your house, car, equipment, any
holdings (CDs, trusts, stocks), etc.
Yes
… and can I afford to
finance my start-up costs?
Yes
… and can I afford to finance
working capital until the
business is profitable?
Can I borrow? (Banks like 100%
collateral but may work with you
depending on your credit history, the
type of collateral you offer and your
relationship with the bank).
No
Seek equity from investors
such as friends, family,
venture capital, etc.
Yes
Visit with several banks. If none of them are
willing to work with you directly, ask them about
the SBA Loan Guarantee program.
Find out if your
suppliers will extend
credit to your business.
WRITE A BUSINESS PLAN. See page 7 for an outline.
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Starting a Business in the Grand Island/Hall County Area
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WHAT IS THE SMALL BUSINESS ADMINISTRATION?
Created in 1953, the Small Business Administration (SBA) provides
management and financial assistance to small businesses by providing
guarantees of loans through financial institutions. The loans may be used
for working capital, machinery and equipment, acquisition of real estate,
and expansion. The SBA guarantee allows banks greater flexibility in
structuring loans to new and expanding businesses.
Key criteria for evaluating an SBA loan request include:
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Management ability and experience in the field
Feasible business plan
Adequate investment by the owner (generally 25% to 35% equity)
Ability to repay the loan from the projected cash flow and profits
Information regarding specific SBA loan programs can be obtained
through your local bank or via website www.sba.gov.
Guide to
Starting a Business in the Grand Island/Hall County Area
TAXES
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Guide to
Starting a Business in the Grand Island/Hall County Area
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FEDERAL TAXES
All employers are subject to state and federal taxation obligations
that may vary depending on your business structure.
The type of business you operate determines what taxes you must
pay and how you pay them. This section describes the four general
kinds of federal business taxes:
(1) Income Tax
(2) Self-employment Tax
(3) Employment Tax
(4) Excise Tax
Income Tax
Every business must file an annual income tax return. Which tax
form you should use depends on the form of your organization.
Federal income taxes are pay-as-you-go taxes. Sole proprietors,
partners, or shareholders of an S corporation pay as they go by
making quarterly payments of estimated tax during the year.
Corporations pay as they go by making quarterly payments of their
estimated income.
Self-employment Tax
The self-employment tax is the social security tax for individuals who
work for themselves, such as sole proprietors, self-employed farmers,
and members of a partnership. The tax is figured and reported on a
Schedule SE form which is attached to and filed with the individual’s
Form 1040.
Employment Taxes
If you have employees, you will probably be required to pay
employment taxes. These taxes include federal income tax, social
security tax, and federal unemployment tax (FUTA). Determination
of tax liability is dependent upon the relationship between the
business and its employees.
Excise Taxes
The federal government imposes a number of excise taxes on
various types of business activities. Some excise taxes are imposed
on the production, importation, use, or sale of certain goods. Some
are imposed on services or the sale or use of certain types of
businesses. There are a number of excise taxes related to:
Guide to
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Starting a Business in the Grand Island/Hall County Area
Alcoholic beverages
Certain trucks, truck tractor, and buses on highways
Certain fuels
Firearms
Tires
Transportation of people or property by air
Bows and arrows
Communication facilities or services
Sport fishing equipment
Tobacco products
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Guide to
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To determine your business’s excise tax liability, contact the Internal
Revenue Service.
The Internal Revenue Service distributes a free packet entitled “Your
Business Tax Kit”. This kit provides information on how to obtain a federal
identification number and what taxes need to be collected and paid at
the federal level. The kit is tailored to the legal form of your organization:
corporation, partnership, sole proprietorship, or limited liability company.
To obtain a kit or to gain further information, contact the Internal
Revenue Service.
STATE TAXES
Nebraska’s major tax program includes corporation and individual
income tax, income tax withholding, and sale and use taxes. Other tax
programs, such as the Motor Fuel Tax, apply only to certain types of
businesses. To determine the tax programs applicable to your business,
contact the Nebraska Department of Revenue Taxpayer Assistance
Offices. They will help you identify the applicable programs, issue
appropriate permits, and issue your Nebraska Identification Number, if
applicable.
LOCAL TAXES
A new business plan must consider local taxes. These taxes might
include real estate taxes, city sales taxes, and personal property taxes.
Check your professional advisor for additional information.
Guide to
Starting a Business in the Grand Island/Hall County Area
LICENSE
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Starting a Business in the Grand Island/Hall County Area
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LICENSE
Certain businesses and occupations require licenses, permits, or
certificates in order to operate in Nebraska. Each business should check
city, county and state regulations to ensure that it is meeting all licensing
requirements.
Certain types of businesses also require licensing for tax programs,
and are required to have the proper licensing in effect prior to
conducting business. The Nebraska Department of Revenue maintains six
Tax Assistance Offices located across the State that are able to provide
licensing information and the necessary forms for businesses operating
within Nebraska.
Any business impacting the environment may be required to obtain
additional special licenses and permits.
Business Licensing
The following businesses, among others, require special permits,
licenses, or certificates. This list is not all-inclusive, so each business should
check with city, county and state regulations to ensure that it is meeting
all licensing requirements.
Ambulance Service
Advertising
Barbers
Business Agencies
Day Care Centers
Ethanol Plants
Feeds and Fertilizers
Food Businesses
Hotels, Motels, Rooming and Boarding
Houses
House Moving
Liquor, Beer, Wine
Litter Fees, Waste Disposal
Livestock
Merchandise & News Stands
Mobile Home Parks
Notaries Public
Pawn, Passport and I.D.
Plumbers
Private Detectives
Professionals
Amusement and Recreation
Auctions and Bankruptcy Sales
Beekeepers
Dairies
Electricians
Farm Equipment Dealers
Firearms
General Business License Health:
Chiropractic, Cosmetology,
Dental Hygiene, Dentistry,
Embalming, Medicine & Surgery,
Optometry, Osteopathy,
Pharmacy, Physical Therapy,
Podiatry, Veterinary Medicine &
Surgery
Money Lenders
Nursery Stock
Pet Shops and Taxidermy
Polygraphs
Private Vocational and Correspondence
Schools
Recreation Camps
Sewer Layers
Transportation
Warehouses
Weights & Measures
Salvage, Junk, Landfills
Swimming Pools
Vending and Amusement
Water Use
Guide to
Starting a Business in the Grand Island/Hall County Area
GLOSSARY
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Starting a Business in the Grand Island/Hall County Area
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GLOSSARY
ACCOUNTING EQUATION: equity = assets – liabilities
ASSETS: The valuable resources, or properties and property rights, owned
by an individual or business enterprise.
BALANCE SHEET: An itemized statement which lists the total assets,
liabilities, and net worth of a given business to reflect its financial condition
at a given moment in time.
CAPITAL: Capital funds are those funds that are needed for the base of
the business. Usually they are put into the business in a fairly permanent
form such as in fixed assets, plant and equipment, or are used in other
ways which are not recoverable in the short run unless the entire business
is sold.
CASH FLOW: The actual movement of cash within a business; cash inflow
minus cash outflow.
COLLATERAL: An asset pledged to a lender in order to support the loan.
CURRENT ASSETS: Cash or other items that will normally be turned into
cash within one year, and assets that will be used up in the operations of
a firm within one year.
CURRENT LIABILITIES: Amounts owed that will ordinarily be paid off within
one year. Such items include accounts payable, wages payable, taxes
payable, the current portion of a long-term debt, and interest and
dividends payable.
CURRENT RATIO: A ratio of a firm's current assets to its current liabilities.
DEBT TO EQUITY RATIO: A measure of lender financing (loan) and owner's
financing of the business.
DEPRECIATION: An amount deducted from an asset's value for a year's
worth of use - a category of business expense.
EQUITY: The owner's investment in a business. Unlike capital, equity is
what remains after the liabilities of the company are subtracted from the
assets; thus it may be greater than or less than the capital invested in the
business. Equity investment carries with it a share of ownership and usually
a share in profits, as well as some say in how the business is managed.
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EXPENSES: What your business spends on operations.
INCOME STATEMENT: A statement of income and expenses for a given
period of time.
LIABILITY: Obligations against your business such as loans, accounts
payable, rent due, etc.
LONG-TERM LIABILITIES: These are liabilities (expenses) which will not
mature with in the next year.
NET INCOME (LOSS): Total revenues minus expenses; if positive= a net
income, if negative= a net loss.
PRODUCTION COST: The cost of producing your products/service;
includes materials, some overhead (utilities, etc.) and labor.
PROFIT: The excess of the selling price over all costs and expenses
incurred in making a sale.
QUICK RATIO: A ratio between all assets quickly convertible into cash and
all current liabilities. Assumes inventory cannot be converted.
RETAIL PRICE: The price you and your distributors charge the end user for
your product/service= wholesale price + mark-up.
REVENUE: What your business earns from sales.
WORKING CAPITAL: The difference between current assets and current
liabilities.
WHOLESALE PRICE: The price you charge distributors for your product =
production cost + mark-up.
Guide to
Starting a Business in the Grand Island/Hall County Area
RESOURCES AVAILABLE
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RESOURCES AVAILABLE
LOCAL ORGANIZATIONS, DEPARTMENTS AND AGENCIES
HALL COUNTY COURTHOUSE
111 South Locust Street
Grand Island, NE 68801
308-385-5083
CITY OF DONIPHAN
105 West Plum
Doniphan, NE 68832
308-845-6609
CITY OF GRAND ISLAND
100 East First Street
Grand Island, NE 68801
308-385-5444
GRAND ISLAND AREA CHAMBER OF
COMMERCE
309 West Second Street
PO Box 1486
Grand Island, NE 68802-1486
308-382-9210
VILLAGE OF CAIRO
402 South High
PO Box 456
Cairo, NE 68824
308-485-4400
CITY OF WOOD RIVER
PO Box 8
Wood River, NE 68883
308-583-2066
VILLAGE OF ALDA
PO Box 100
Alda, NE 68810
308-385-5575
DOWNTOWN DEVELOPMENT
OFFICE
100 East First Street
PO Box 1968
Grand Island, NE 68801
308-385-5444
GRAND ISLAND AREA ECONOMIC
DEVELOPMENT CORP.
308 N Locust St Ste 400
PO Box 1151
Grand Island, NE 68802-1151
308-381-7500
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OTHER NEBRASKA DEPARTMENTS, AGENCIES AND ORGANIZATIONS
NEBRASKA TAX ASSISTANCE
First Federal Building; Suite 460
1811 West Second Street
Grand Island, NE 68802-5413
308-385-6067
NEBRASKA DEPARTMENT OF LABOR
550 South 16th Street
PO Box 94600
Lincoln, NE 68509-4600
402-471-9000
NEBRASKA DEPARTMENT OF
REVENUE
301 Centennial Mall South
PO Box 94818
Lincoln, NE 68509-4818
402-471-2971
WORKERS' COMPENSATION COURT
State Capitol Building
PO Box 98908
Lincoln, NE 68509-8908
402-471-6468
NEBRASKA BUSINESS DEVELOPMENT
CENTER
University of Nebraska-Kearney
WSTC 135C
Kearney, NE 68849-4440
308-865-8344
email: [email protected]
NEBRASKA DEPARTMENT OF
ECONOMIC DEVELOPMENT
301 Centennial Mall South
PO Box 94666
Lincoln, NE 68509-4666
402-471-3111
800-426-6505
http://assist.neded.org
NEBRASKA SECRETARY OF STATE
State Capitol; Suite 2300
PO Box 94608
Lincoln, NE 68509-4608
402-471-4079
Rules and Regulations
402-471-2385
STATE DEPARTMENT OF HEALTH &
HUMAN SERVICES
PO Box 95007
Lincoln, NE 68509-5007
402-471-2133
SOCIAL SECURITY
ADMINISTRATION
Federal Building Room 191
100 Centennial Mall South N.
Lincoln, NE 68508
402-437-5401
800-772-1213
NE DEPARTMENT OF BANKING &
FINANCE
1200 “N” Street, Suite 311, the Atrium
PO Box 95006
Lincoln, NE 68508
402-471-2171
CORNHUSKER BETTER BUSINESS
BUREAU
3633 “O” Street; Suite 1
Lincoln, NE 68510-1670
402-476-2345
NEBRASKA CHAMBER OF
COMMERCE AND INDUSTRY
1320 Lincoln Mall
PO Box 95128
Lincoln, NE 68509
402-474-4422
BUREAU OF SECURITIES
Nebraska Dept. of Banking & Finance
1200 “N” Street, Suite 311, the Atrium
Lincoln, NE 68509-5006
402-471-3445
Guide to
Starting a Business in the Grand Island/Hall County Area
Page 31
FEDERAL DEPARTMENTS, AGENCIES AND ORGANIZATIONS
INTERNAL REVENUE SERVICE
1313 Farnam Street
Omaha, NE 68102
402-221-3614
for tax questions/workshops
402-221-3606
for forms/brochures
http://www.irs.gov/formspubs/index.html
U.S. SMALL BUSINESS
ADMINISTRATION
11145 Mill Valley Road
Omaha, NE 68154
402-221-4691
PROFESSIONAL RESOURCES AVAILABLE
For a complete compilation of professional resources who have indicated they
will provide services to entrepreneurs and small business owners, see
www.gichamber.com.