Role of Government in Promoting Small Business

Get help with your business plan from a governmental agency.

The government plays a vital role in promoting small business across the country. Governmental agencies offer services that aid small business owners in complying with legal and tax regulations. Usually, assistance is provided either at no cost or low-cost.

U.S. Small Business Administration

The counselor provides information on how to operate your small business.

The U.S. Small Business Administration provides comprehensive information about business management. For example, there is a Small Business Development Center Locator available online. Business owners may meet with a counselor in the local SBDC office to discuss services such as how to write a business plan and how to obtain training.

Business.gov

Research your state and local regulations.

Also, the government promotes small business by furnishing information about state and local regulations, such as labor laws and unemployment tax requirements. For example, users may navigate the "Small Business Guide" of Business.gov for their state as the website directs businesses about compliance with the requirements, such as disability insurance. There are additional options including how to start a business and how to search for loans and grants.

Internal Revenue Service

Tax compliance is part of operating your small business.

Make use of the Small Business section of the IRS.gov website. Download small business forms and look up local events, such as tax workshops. (See References 3)

References

• U.S. Small Business Administration: Small Business Development Center Locator
• Business.gov: State and Local Resources
• Internal Revenue Service: Small Business and Self-Employed Tax Center