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Is a Food Truck Business Right for You?

Chances are you're interested in starting a food truck business because friends and family love your food, and you're passionate about preparing it. However, succeeding in the food truck business requires more than just great food at competitive prices.

Starting a food truck business requires careful planning, preparation and hustle. It's about more than just the food; owning and operating a food truck can be stressful and time-consuming, requiring financial and operational management skills and good business sense.

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Looking for Funding or Accounting Help?
Browse local resources for help finding information on Tennessee accounting services and funding sources.
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Considering a 501(c)(3) Non-Profit?
Find resources from SCORE Memphis and more on starting a non-profit; plus learn about non-profit requirements from the State of Tennessee.
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Looking for Legal Help?
Browse local resources for help finding information on Tennessee legal services and business certifications.
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Wondering about Licenses, Regulations, and Intellectual Property?
Not sure what kind of Tennessee licenses, taxes, and regulations are for your specific kind of business? Wondering about protecting your intellectual property?
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Memphis Public Library Business Resources
The main branch of the Memphis Public Library offers amazing resources for startup businesses.
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Not Sure What Type of Legal Entity to Use?
A variety of entity types are available to those who seek to start a new business. The appropriate type depends entirely on the business's needs.
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AN OVERVIEW OF THE CORPORATE TRANSPARENCY ACT

The Corporate Transparency Act is a new Reporting Rule that requires certain entities to file beneficial ownership information (BOI) reports to the Financial Crimes Enforcement Network (FinCEN). Reports contain information about the entity itself and two categories of individuals: Beneficial owners and Company applicants. This Act is set to take effect in January 2024.

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Startup Expenses: How Much Does it Cost to Start a Small Business?
Lack of cash flow and planning are two primary reasons businesses fail. You can avoid this fate by researching your setup costs, planning how to operate your company, and keeping track of your operating expenses—all before you open your doors.

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Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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