Entrepreneurship in California

California has a star studded past, full of invention. From blue jeans (created by Levi Strauss during the gold rush) to sourdough bread (also created during the gold rush) to the laser (created by Theodore Harold Maiman in Malibu). California is full of creative and hardworking entrepreneurs.

With household names like Steve Jobs (creator of Apple), and Walt Disney (the mastermind behind Disney) to look up to, Californians love to lead entrepreneurial teams that change the world.

Known for its amazing waves and towering Redwoods, California attracts around 2 million visitors each year. Now consider the rich cultural centers like Hollywood, Disneyland and San Francisco and you will be running to start your own small business in the golden state.

Registering Your Business

Registering your business is one of the first steps to success.

And with California’s 70 dollar fee for starting an LLC, it's important you get it right.

Decide what kind of model is right for you (LLP, LLC, Corporation, Sole Proprietorship). Most small businesses start with an LLC. If you’d like an LLC, S-Corp, or C-Corp done for you, we’d be happy to do that on your behalf.

Click here to learn more.

Market Analysis

Before you start your business, look around to understand the market in California.

With an abundance of rich natural resources, California has a ton of business potential.

According to TaxFoundation.org, California ranks a solid 14th in the race for the overall best property tax.

Competitor Analysis

Another good way to understand California’s market is to visit your local Chambers of Commerce.

Chambers of Commerce

You can use your local chamber of commerce to identify opportunities and threats in your local community. It’s a great way to get started on the bottom 2 quadrants of your SWOT analysis.

We’d recommend looking through it and identifying competitors in your industry, and identify the points of parity you need to live up to, and how to better leverage your points of differentiation.

Labor Statistics

California is full of hard working people that can be amazing assets to your company.

Unemployment rate in California:

6.9%

Information from California.gov

Average annual salary in California:

62,3356 dollars

29.98 dollars an hour

Information from Zip Recruiter

Education levels for residents of 25 and older:

Associate degree:

7.5%

Bachelor degree:

15.1%

Graduate or Professional degree:

8.3%

Information from Statista.com

Housing Market

Price index yearly growth: 16.7%

Medium house price: 505,000 dollars

National average house price: 269,039 dollars

General Advice

California is a unique place to start a business. We hope that the resources and points we brought up here will help you start a business there.

If you’d like to dive deeper into how to start a business, check out our much longer article How To Start A Business. Use both of them to get started on the right foot from day one.

Miller IP Law is a firm that focuses on small businesses, startups, and entrepreneurs/solopreneurs. We’re easy to use. We offer affordable pricing that’s transparent and flat-rate. We focus on the little guys who actually need our help. If you’d like an attorney on your team, simply schedule a Zoom call, and we’ll take care of the rest.

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