In order to register your small business, you will need to obtain a Business License. You can do this by visiting the website of the Small Business Administration (SBA) and completing the online application.
Once you have completed the online application, you will need to submit it to the SBA for approval. Once your application has been approved, you will be able to print out your Business License and hang it in a visible location in your place of business.
Benefits of Registering Your Small Business
Protection from personal liability: If your business is sued, only your business assets are at risk, not your personal assets.
Increased credibility: When customers see that your business is registered with the government, they will be more likely to trust you and do business with you.
Tax benefits: Registered businesses may be able to take advantage of certain tax breaks and deductions.
So, if you are thinking of starting a small business, be sure to register it with the government! It’s a quick and easy process, and it will give your business the legitimacy it needs to succeed.
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How to Register Your Small Business in 5 Steps
1- Decide on a Business Structure
In order to register your business, you first need to decide on the structure of your business. There are four types of business structures:
- Sole proprietorship: A business owned by one person.
- Partnership: A business owned by two or more people.
- Corporation: A legal entity that is separate from its owners.
- Limited liability company (LLC): A business with the limited liability of a corporation, but the tax treatment of a partnership.
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2- Choose a Name For Your Business
Once you have decided on a business structure, you need to choose a name for your business. The name must be unique and cannot be used by any other businesses in your state. You can check to see if your business name is available by visiting the website of the state government.
3- Register Your Business With the State Government
Once you have chosen a name for your business, you need to register it with the state government. This can be done by visiting the website of the state department of commerce or the secretary of state. You will need to provide some basic information about your business, such as its name, address, and contact information. You will also need to pay a registration fee. Additionally, if you’re an LLC owner, you’ll find significant benefits in hiring a registered agent or may choose to be your own registered agent to streamline this process.
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4- Apply for a Business License from the Small Business Administration
In order to operate legally, you will need to apply for a Business License from the Small Business Administration (SBA). You can do this by visiting their website and completing the online application.
Once you have submitted your application, it will be reviewed by the SBA. If your application is approved, you will be able to print out your Business License and hang it in a visible location in your place of business.
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5- Operate Your Business Legally
Once you have registered your business and received your Business License from the SBA, you can start operating your business legally. Be sure to comply with all state and local regulations governing small businesses.
