You may have a good business idea in your mind and need to put it down to operational. You will be required to register your business before starting to operate. There are a lot of procedures that are involved in the registration of a business that makes the process a hectic one. The size of your business will not matter when it comes to registration, no matter how small it is, it is critical that you register it. 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. When you register your business structure, you will have the right to use the name you registered your business by in your daily business operations. You are required to register your business as either a limited partnership company, a sole proprietorship or a limited liability company. For a private company, you will be required to give the directors of the company and their qualifications and also the board of the company before registration. The advantage of a sole proprietorship is that it is easy to start due to the less documentation that is needed. In order for you to start a partnership, you must be a minimum of two partners and a maximum depends on which country you are from. If your business is to help the less fortunate people in the society, you can register it as a non-profit business. You will need to check the regulations for registration of non-profit businesses in the region or country where you are. This is because they are diverse regulations depending on the country.
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 will not sound well 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.
To conclude, your business should have a trademark. 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. A trademark also gives you or your company the ownership of the company’s slogan meaning no one else will be able to use it, also the colors and company logos used become your property.