You may have a good business idea in your mind and need to put it down to operational. 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. No matter how small your business may be like, it is okay to follow the rules and regulations of the area of location of your business and register it as required. The guidelines discussed below will guide you when you want to register your business in order for you to start operating it.
Firstly, you should start by registering the structure of your business at the regional level. 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. When you want to register your business as a private company, you will be required to send the board members of your company and its directors with their qualifications. A sole proprietorship is very easy to start has it does not require so much documentation. A partnership requires two to six people in order to be called so. There is also the idea of registering your business as a non-profit one, this way you will be exempted from tax. You should check the regional regulations and requirements for registration of a non-profit business. This is due to the fact that they vary from region to region.
In addition, if you are uncomfortable with the name you registered your business with you should file for a ‘doing business as’. 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 may not be pleasing as you thought to your customers. Hence, you will need to change this name and make it sound good. 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 also another way of having your business registered. Depending on your dreams and goals, you can decide to trademark your business locally, nationally or internationally. By trade-marking your business you will have the only rights to be operating under that business name. The company’s slogan, the colors and the logo of the company once trademarked will be associated with you whenever they are seen, thus marketing becomes very easy.