There comes a time that you want to put the business ideas in your mind into formidable action. It is necessary by law to register your business before putting it to operation. The process of registering a business is a very hectic one that requires a lot of procedures. The registration of business does not depend on the size of the business, however, small the business may seem, it is required to be registered. The following steps will guide you through the registration of your business before beginning to operate it.
To begin with, you should start by registering your business structure, at the county level or state level depending on which country you are. By registering your business structure, it will give you all the rights to use the business name. You will need to register your business name as either a private company where the owners are responsible for the debt, a company where you partner or a single proprietorship. If you are registering for a Limited Liability company, when you apply for registration you should include the names of the executive leaders of the company and their qualifications. A sole proprietorship is very easy to start has it does not require so much documentation. For you to start a partnership, you will require a minimum of two partners and a maximum of six in some countries and regions. You can also register your company as a non-profit business. You should check the regional regulations and requirements for registration of a non-profit business. This is because they are diverse regulations depending on the country.
Secondly, you should file for a ‘doing business as’ if you are not comfortable with the name you are registered with. This can apply where one registers for a private company and the name he/she registered with as in it the initials LLC at the end. This will not sound well to your customers. Therefore, you will be required to change it to make it attractive. You can change your name by applying for a ‘doing business as’ permit to the local authority.
In conclusion, your business should have a trademark. This is another way of registering your business. You can decide to trademark your business either regionally, nationally or internationally. A trademark ensures that no other person will be able to copy your business idea anywhere. A trademark also gives you or your company the ownership of the company’s slogan meaning no one else will be able to use it, also the colors and company logos used become your property.