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 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 following steps will guide you through the registration of your business before beginning to operate 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. The easiest business to start is the sole proprietorship has it entails much less 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. There is also the idea of registering your business as a non-profit one, this way you will be exempted from tax. You will need to check the regulations for registration of non-profit businesses in the region or country where you are. This is because the regulations and procedures for registration are not similar.
Next you can file for a ‘doing business as’ if you are uncomfortable with the name of your business. 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. This can be achieved by applying for a ‘doing business as’ permit.
Lastly, you should apply for a trademark to your business. This is another way of registering your business. Depending on your ambitions and what you want to achieve, you can mean to trademark your business either internationally, locally or nationally. A business trademark gives you the rights to you to operate under that business idea meaning no one can copy you or your methods. 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.