4 Steps to Registering a Business Name
Whether you have a business name picked out, or you’re looking to register it in the near future, you’re probably wondering how the process starts. It’s really not that hard and you should be able to do it on your own. If you don’t feel comfortable with the process, I would ask your accountant, or hire a professional if need be.
Now, don’t take the following as legal advice, but rather as a stepping stone to get you on the right path.
#1 Know if the name is taken
If you want a name, you sadly can’t share it with someone else. It’s going to have to be unique. Most states will not let you share the same name as someone else. What you’re going to want to do is research your state’s database for registered company names. You can also get more information on this here.
#2 What type of business do you want to start?
Do you want a LLC, partnership, corporation, etc? There are many that you can choose from and each one is going to have its own advantages, as well as dis-advantages. Make sure that you speak with a professional to ensure that you’re picking the right one for your business.
#3 File with your state
Every state is going to be different, so I can’t really tell you exactly how each state works, but each state follows similar guidelines.
Basically, you’re going to want to file a type of statement such as an articles of organization, etc. You can find these files on your state’s official site. You’re going to want to fill out the forms completely, as well as send in the proper fees.
#4 File with the government
As well as your state, you’re going to want to file with your federal government as well. They are going to be able to give you an EIN as well. This is just like a social security number, but is going to be affiliated with your business name.
Now, there are going to be fees, and you’re also going to have to determine if you’re going to want to trademark the name, etc. Yes, there is a lot to the process and this is why I would highly recommend that you get someone that knows what they are doing, so that you don’t get screwed in the long haul.
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