What’s Next?

Congratulations! You’re open! Now, what’s next?

Professional Services

No time to DYI Business Taxes? Hire an Accountant to do taxes and bookkeeping.
Talk with your Insurance Representative about coverage for your new business.
Need some legal help? Talk with an Attorney.
Ready to grow? Or, need a line of credit for inventory? Check out our local lenders. But don’t forget to ask about SBA loans and check out other government grants.

Hiring Employees

If you are hiring employees, you are responsible for complying with city, county, state, and federal requirements.

Make sure you have applied for an employee identification numberthrough the Internal Revenue Service.
Obtain a Missouri Withholding Number (form 2643) and an Unemployment Tax number (form 2699). Complete the application for these numbers onlinewith the Department of Revenue and the Department of Labor and Industrial Relations.
View current and past Minimum Wages, wages for tipped employees, minimum wage posters, penalties, and records retention.
Find Required Workplace Posters that are required by the state and federal governments to be displayed in the workplace.
Missouri provides employers with an easy, fast, cost effective way to meet reporting requirements to Report Newly Hired

As your business grows, you will need to make sure that your new staff goes through their appropriate training and permits to keep professional and business licenses current on an annual basis. This is for all levels of licensing – City, County, State and even Federal if applicable.

City of Kirksville

Employers are required to report the current number of employees during the annual Business License renewal process. Business Licenses are good for 1 year and expire on the last day of February of each year. Businesses are notified by mail in January to apply for a business license renewal. Not in Kirksville? Search your city here for their requirements.

County Taxes

The Adair County Assessment Department will issue annual Business Personal Property Tax assessments. Businesses will need to pay this tax assessment to renew your Business License.

Looking for another county’s Assessor’s office?

State of Missouri

The Missouri Department of Labor and Industrial Relations serves as a one-stop for employers in the State of Missouri. This includes outlining your responsibilities as an employer.

File any annual renewals at the state level:

For specific permits and license renewal, follow the links listed here.

Federal Government

Social Security or Self Employment Tax Withholding must be withheld from employee’s wages or paid by the employee (if self-employed) and remitted to the federal government on a regular basis. More information can be found on the Internal Revenue Service website.

Disaster Planning for Your Business

You've finally achieved your dream. Don’t lose it to a power outage, hacker disruption, fire, earthquake or other disaster. If you’re not prepared, a disaster could put you and your employees at risk, possibly shutting down your business forever. The Small Business Association partnered with Agility Recovery to offer business continuity strategies through their “PrepareMyBusiness” website.

Promoting Your Business

The success of your business goes hand in hand with the success of the community you serve. Your time and efforts to develop strong business alliances and serve in the community will help you achieve your goals.

There are hundreds of business associations and community service programs in Kirksville and Northeastern Missouri that you may choose to support; each may serve your needs in a unique manner.

For more information on marketing and promoting your Northeast Missouri business, visit:

Kirksville Chamber of Commerce

SBA.gov

Kirksville Resource Guide

Missouri Business Development Program

Or, contact your local Small Business and Technology Development Center.

About MREIC

Missouri Rural Enterprise & Innovation Center is funded by the Missouri Technology Corporation, a public-private partnership created by the Missouri General Assembly to promote entrepreneurship and foster the growth of new and emerging high-tech companies. MTC focuses on 21st Century bioscience industries that build on Missouri’s rich history in agriculture and technology. These areas of focus include: Animal health, Applied Engineering, Biomedical Science, Defense and Homeland Security, and Plant Science.

Our local supporters include: Adair County, A.T. Still University, City of Kirksville, Kirksville Area Chamber of Commerce, Kirksville Regional Economic Development, Missouri Department of Economic Development, Northeast Regional Medical Center, Small Business & Technology Development Center and Truman State University.

MREIC encourages regional economic growth based on commercialization of innovations in Northeast Missouri. We provide support to new and established entrepreneurs through both one-on-one advising as well as connections to workshops, funding resources and technology development solutions. We actively pursue a communications program that creates a broader understanding of the role of entrepreneurship in our economy. Through our business incubator located in the basement of our building, we are organizing a network for idea exchange opportunities among entrepreneurs— contact us to join in.

Additional Steps