Ready to Open Your Business in Knoxville?

The Knoxville Chamber of Commerce is dedicated to fostering a vibrant business community through effective communication and stakeholder engagement. Take a look at the resources below to  help walk you through the most common steps of opening a business.

The Basics

Have a Business Plan

The first step to any new business, after having the idea, is creating a business plan. Consider it a roadmap to get to your desired destination. You will also need a business plan in order to get a loan from a financial institution.

Register with the State

Register your company with the State as a sole proprietor, LLC, S-Corp or C-Corp. Not sure which is best? Find a local attorney to help you through the process.

Employer ID Number

Apply for an Employer Identification Number (EIN). It’s free and easy to do yourself or an attorney can help you with this step as well.

Tax ID Number

A sales tax number is required but that doesn’t mean it has to be difficult. Have an accountant help you register to ensure all steps are covered.

Bank Account

You will need a place to put your profits! Open a business bank account to keep your earnings safe and secure.


Setting up a strong accounting system is a crucial step in a business’ money management. Find the right accountant for your business.


Keep your business secure by setting up an insured coverage plan for your business.

Financial Resources & Incentives

Most people acquire a business loan for start-up costs for their business. Depending on the size and scope of your endeavor, there may be more financial resources and incentives available to you.

Additional Resources

Not sure where to go from here? Find guidance, business plans and cashflow advice to keep your business on the upward trajectory.

Next Steps

Prepping for Employees

Prepare your business for the hiring and firing process before bringing on employees.

Find a Location

Take Claim Over Your Idea by Filing for a Trademark and/or Patent

Meet with a local attorney to help with filing a trademark or patent.

Join a Local, State, or Regional Association to Propel Your Business to Success