Ready to start your own business? Great! Before taking on a new client whose business has been in operation for six months or less, we require attendance at one of our Introduction to Business Ownership classes. Read More
Do you currently own a business? Whether your business has been open for decades or just a few months, our consultants provide one-on-one assistance in a number of areas to help your business reach its potential. Read More
Want to learn more about starting or operating your business successfully? SBDC offers both in-person and online training. Attend training sessions that will prepare you to tackle your real world tasks head-on!
Providing customized business solutions to entrepreneurs across the region since 1987. The TTU SBDC serves as the point of contact for the advancement of an entrepreneurial environment. We strive to create a positive foundation for the development of emerging businesses in the region.
The TTU SBDC provides services in three core areas:
1. Consulting: We offer, at no cost, one-to-one guidance on business issues ranging from business concept and startup, to business plan development, to operational issues, to managing cash flow and financing, to business expansion.
2. Training: We offer numerous workshops providing current and practical information on various business topics.
3. Research: Our research services provide insight into trends and unique factors tailored to meet the needs of our clients.
Economic Impact Since 2010
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Why are we FREE?
We are part of Texas Tech University and are affiliated with the Northwest Texas SBDC Region. We receive our financial support from TTU, the United States Small Business Administration, the State of Texas, and other sources.
Consulting services are always offered free of charge and our consultants are prepared to provide small business help for many aspects of your business from advertising to exporting to financing.
Seminars and specialized services are offered at low-cost to attendees and clients and are a great resource for networking with other business owners while brushing up on skills like marketing, copywriting, and human resources.
Looking for financing and need some answers, then this workshop is for you! The following topics will be discussed by the SBA & the SBDC: • Information on SBA Loans • What a business owner should have before applying for a loan • What the b...August 31 @ 6:00 pm - 8:00 pm at TTU Lubbock SBDC Office
Looking for financing and need some answers, then this workshop is for you! The following topics will be discussed by the SBA & the SBDC: • Information on SBA Loans • What a business owner should have before applying for a loan • What the b...September 28 @ 6:00 pm - 8:00 pm at TTU Lubbock SBDC Office
Area SBDC Success Stories
Where do I get a tax number?
There is more than one kind of tax number so the first thing is to identify what you need one for. You will need a Federal EIN (employer I.D. number) if you will have employees, a business partner other than your spouse, and possibly also to open a business bank account. You can obtain an EIN number at irs.gov. You will need a Texas Sales & Use Tax Permit if you are required to collect sales tax on your products and/or services. That application is completed through the Texas Comptroller’s website at window.state.tx.us/taxpermit.
Am I required to collect sales tax?
In Texas, most products are taxable and some services are taxable. A search of the State Tax Automated Research (STAR) database will help you determine the answer for your business. If you’re unable to locate the answer to your specific question, the Comptroller can be emailed at firstname.lastname@example.org.
What legal structure am I required to use?
You’re free to choose from any legal structure you like. The most popular in Texas are sole proprietorships, general partnerships, and limited liability companies (LLCs).