9 Things to Remember Before Relocating Your Business



relocating your business

Moving from one city to another is inevitably stressful. Picking up and relocating your business brings up different issues altogether. That’s why we asked nine members from the Young Entrepreneur Council (YEC) the following question:



“What is one thing entrepreneurs should not forget to do before relocating their business to a new city?”

Here’s what YEC community members had to say:

1. Learn From Prior Successes and Failures

“Write down your top five successes and top five failures. Understand what you did well, what you didn’t and how you can improve for next time. You’ll walk away with powerful lessons only the real world can teach you. They will better prepare you for your next city.” ~ Phil Dumontet, DASHED

2. Look for Tax Breaks and Special Offers

“Many municipalities provide tax breaks and other incentives for small businesses who move in from out of state. Research these opportunities with the local chamber of commerce before making a final decision about relocating your company.” ~Brittany Hodak, ZinePak

3. Make Sure the City Matches Your Company’s Culture

“Make sure that the city has the talent to support the business’s goals. Assuming that you want your company to continue to grow, you will eventually need to hire new employees. It makes sense to locate to an area where other talented and like-minded individuals will be working and looking for new ventures.” ~ Simon Casuto, eLearning Mind

4. Evaluate Long-Term Growth Potential

“Will your business thrive in this new location? Or will it quickly outgrow it? Moving takes a lot out of you and your employees. You have to assume expenses, learn about the new legal environment and, inevitably, recruit new talent. But is this a city where you’d want to (and be able to) grow your business over the next 5, 10 or 20 years?” ~ Firas Kittaneh, Amerisleep

5. Vet the Talent Pool

“Ensure the city has a permanent and strong talent pool with the right skill sets and experiences to support your growing business.  ” ~ Jürgen Himmelmann, The Global Work & Travel Co.

6. Get Connected

Your business isn’t in a vacuum. So find ways to plug into a community of entrepreneurs and to introduce yourself so that you have coffee/drinks set up when you arrive.” ~ Basha Rubin, Priori Legal

7. Ask Your Teammates

“When we were looking for a bigger office to move into last year, we considered Culver City and City of Industry, two very different places. After we shared our two options with our teammates, it became clear that Culver City was going to be a much better commute for almost everyone on the team. As a result, we moved to Culver City and helped everyone’s day start a little better.” ~ Nanxi Liu, Enplug

8. Check Local Opportunities

“Some cities offer subsidies or tax breaks if you apply beforehand. Make sure you check what’s available at the local chambers of commerce!” ~ Pablo Villalba, 8fit

9. Cover Your Legal Bases

“Check with your attorney to see what legal requirements are triggered by relocating to the new city. For example, many cities require a company to register if they are “doing business” in the jurisdiction. In addition, you might not need to still be registered in your previous location and should make sure you are not paying unnecessary, duplicate registration fees for both locations.” ~ Doug Bend, Bend Law Group, PC

Moving Photo via Shutterstock

3 Comments ▼

The Young Entrepreneur Council The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world's most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

3 Reactions
  1. Good advice, but many of these don’t apply to a smaller business from what I can tell.

  2. There are often legal ramifications of moving a business from one county or one municipality to another. I’ve had many clients who relocate from outside of Philadelphia to inside Philadelphia and are unaware of the requirement to obtain a business privilege license. Philadelphia is fairly diligent in collecting the taxes and fees associated with even small businesses and my clients have been first made aware they are non-compliant when they receive an assessment with interest and penalty in the mail. So checking the legal requirements with a local attorney familiar with these rules applies to any business, any size.

  3. I did not think that there are other things you should consider when relocating. In fact, I don’t even think that culture is that important. I guess relocating is a decision that should be studied carefully.

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