i_start-1-pink-dec

Start

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

i_grow-1-pink-dec

Grow

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

training 200x200

Train

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!

About Us

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

Capital Formation - $4,705,528
Jobs Created -238
Businesses Opened - 47
Clients Counseled - 422

Register Your Business

Register Your Business

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.

Upcoming Events

  • SBA Loan Opportunities

    SBA Loan Opportunities Loan Image

    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
  • SALES & USE TAX FOR SMALL BUSINESS

    trainingevents 200x200

    SALES & USE TAX FOR SMALL BUSINESS In this workshop you will learn the difference between sales and use tax, what is exempted and excluded and what services are taxable. Discussion will include tax collection, preparation of tax returns, record...

    October 10 @ 6:00 pm - 8:00 pm at TTU SBDC
  • GETTING STARTED WITH BOOKKEEPING SOFTWARE

    ledger-1428230_640 (1)

    GETTING STARTED WITH BOOKKEEPING SOFTWARE This workshop will show you how to use QuickBooks® software to set up your small business bookkeeping. The class is designed for individuals who are new to bookkeeping software and want to learn how to enter...

    October 13 @ 9:00 am - 4:00 pm at TTU SBDC

Area SBDC Success Stories

Partners

SBA 3
texas logo
ttu

FAQs

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 tax.help@cpa.state.tx.us.

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).

Research

Whether you’re trying to grow your existing business or start a new business, there are many sources of information available to help you make the best decisions possible. The time and expense required to use these databases is cost-prohibitive to all but the largest of firms. So what’s a small business to do? The SBDC has access to some of the most sophisticated research databases available and best of all, the research is provided to SBDC clients FREE OF CHARGE!