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11 Must-Take Steps Before Registering Your Business Name

Before you can register your business name, there are a few important steps you’ll need to take.

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Here’s what you need to do:

1. Make Sure You Can Use The Name You Want.

Before registering your business name, you’ll want to make sure that it’s available and that you’re able to use it. Start by doing a quick search online to see if anyone is already using your desired name.

If someone is, you may still be able to use it if they’re not in the same line of business as you are.

If the name is available, the next step is to check with your state’s secretary of state office to see if it’s available for registration. Each state has different rules for what names can and cannot be registered, so it’s important to check before moving forward.

If the name is already taken, you might have to get creative.

2. Check For Trademark Infringement. 

Another important step is to check for trademark infringement. Even if a name isn’t registered, it could still be in use by another business. If you choose a name that infringes on someone else’s trademark, you could be sued.

3. Decide On The Right Business Structure.

Before registering your business name, you’ll need to decide on the right legal structure for your business. This will determine what taxes you’ll need to pay and how much paperwork you’ll have to fill out.

The most common business structures are sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. 

4. Choose A Registered Agent.

A registered agent is someone responsible for receiving legal documents on behalf of your business. This could be anything from lawsuits to tax notices.

Registered agents can be individuals or businesses, but they must have a physical address in the state where your business is registered.

5. Obtain An Employer Identification Number (EIN).

An EIN is a unique nine-digit number that is assigned to your business by the IRS. You’ll need this number to open a business bank account and file taxes. You can apply for an EIN online, by mail, or by fax.

6. File The Necessary Paperwork.

Once you have all of the above information, you’ll be able to file the necessary paperwork to register your business name. This will vary depending on your state and business structure, but it’s typically pretty straightforward.

7. Get Insurance For Your Business.

Insurance is important for any business, but it’s especially important if you’re operating under a sole proprietorship or partnership. This is because you could be held personally liable for any debts or damages incurred by your business.

You’ll want to make sure you have the right coverage in place to protect yourself and your business.

8. Comply With Local Regulations.

Depending on where you’re located, there may be additional regulations that you need to comply with. These could include getting a business license or permit, registering for taxes, or following zoning laws.

Make sure you’re aware of all the applicable regulations in your area so that you can stay in compliance.

9. Open A Business Bank Account.

Once you have your business registered and your tax ID number, you’ll need to open a business bank account. This will allow you to keep your personal and business finances separate.

It’s important to have a separate account because it will make your bookkeeping and tax filing much easier.

10. Get A Business License.

Depending on the type of business you’re running, you may need to get a special business license. This is typically required for businesses that sell products or services, or that operate in a regulated industry.

You can check with your local Chamber of Commerce or city hall to see if you need a license.

11. Register For State And Local Taxes.

If you’re selling products or services, you’ll need to register for state and local sales taxes. You’ll also need to pay estimated taxes throughout the year. To do this, you’ll need to file a tax return with the IRS.

Following these steps will help you get your business off on the right foot. Registering your business name is an important first step, but it’s not the only thing you need to do.

Be sure to take care of all the other details involved in starting a business so that you can be successful. Good luck!

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