You may have enough funds to put into operational the good business ideas that have been in your mind. You will be required to register your business before starting to operate. The many procedures that get in the way of business registration make the registration process very hectic. 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 steps discussed below are to help you when you are in a dilemma of how to register your business before bringing it to operational.
Firstly, you should start by registering the structure of your business at the regional level. Registration of the business structure gives you all the rights to use your business name as a legal entity in your business operation. You are required to register your business as either a limited partnership company, a sole proprietorship or a limited liability company. 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. The advantage of a sole proprietorship is that it is easy to start due to the less documentation that is needed. 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. Different regions and countries have different regulations and procedures for registration of non-profit business, thus you will be required to check with where you are. 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 applies mostly to limited liability companies where the initials LLC are added to the name you proposed. This may not sound good to your clients. Thus, it will be in order for you to change your name in order to make look 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. 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 will also mean that whenever a certain logo is seen, or certain colors or a given slogan is heard it has to be associated with your business.