How To Register Your Small Business In Five Steps

It typically takes up to 30 days for the state to approve the business and get it registered.

How to register your small business in five steps. Business registration typically involves several checklist items including registering your business structure registering to pay taxes registering to get a permit and so on. To register your business there are five basic steps to follow according to shravan gupta. If you live in the metropolitan area we encourage you to attend our business workshops. Register your business to make it a distinct legal entity. Registering a business name is usually part of the process of registering separate entities like llcs and corporations.

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. For sole proprietor registration. In most cases an sme can be either a sole proprietorship or a partnership. Payment of registration fees fixed on territorial based with documentary stamp tax. Depending on the complexity of your business it may be worth investing in a consultation from an attorney or cpa to ensure you are making the right structure choice for your business.

Complete employee data form. If one of your plans is registering a business in south africa especially a small business in the form of a small medium enterprise sme or a startup you will not have to register the entity like a company. Your business name plays a role in almost every aspect of your business so you want it to be a good one. Next comes registering your name. Do it yourself through state website one way to register your business as a legal entity is through your state s official business registration website.

Pick and register your business name. Register your business name. How and where you need to register depends on your business structure and business location. Copy of municipality permission letter. A duplicate proposed business name registration form.

Location and barangay clearance. How to register a business in south africa. Speak to one of our business advisers or your business local service provider if you are in regional wa. With this option you only pay state fees to register which range from 40 to 500. Another priority should be to build your own business credit score which helps you get better rates on business credit cards future loans and payment terms with customers.