How To Register Your Business As A Small Business

Some aspects of starting a new business are exciting and glamorous.

How to register your business as a small business. Register your business name. A sales tax permit will let you legally collect sales tax from customers. The sba community is an interactive extension of the site and features a variety of discussion boards and blogs that allow business owners to. As a business operator you ll also need to comply with state income tax and employment laws. You can register as a limited liability corporation llc corporation partnership or as a sole proprietorship.

A company is usually registered within 24 hours. There are three options to register a name either by registering a company first using your name and file for registration of the name later or reserve the name and then initiate the company incorporation process later. You will need to file for a company name that will identify your business in the memorandum of incorporation. A dba can also be used by existing llcs and. The us small business administration is an independent federal agency that works to assist and protect the interests of american small businesses by delivering the answers support and resources small businesses need to start up succeed and grow.

Postal applications take 8 10 days and cost 40. Registering a business name is usually part of the process of registering separate entities like llcs and corporations. For most people registering your business falls into the latter group. Obtain a unique data universal numbering system d u n s number external. If you have a small one person operation or run your business with your spouse you may choose to register as a sole proprietorship.

Other popular business structure options include a limited liability company llc or corporation c corp. If you conduct business as yourself using your legal name you won t need to register anywhere. This article is part of our how to start a business playbook which covers topics like finding the right business idea writing a business plan and finding small business loans. But if you re starting a sole proprietorship or a partnership operating under a name that isn t your own e g your name is john smith but you want your business name to be something else you may need to file a dba a doing business as name. To qualify for an award of a small business contract you must first be registered as a small business the following steps are required to certify your business as small and obtain the registration necessary to bid on government proposals.

Registering a company name costs 12 online at companies house and can be paid by debit or credit card or paypal account. Next comes registering your name. As a rule you ll need to register your business with your state s revenue office you may also need to apply for a tax permit e g. The decision of whether or not to incorporate your small business is one you need to consider when you decide to start a small business. There are benefits and disadvantages to registering your business that all small companies and individuals need to consider.