Sole proprietorship: This is the standard business structure. If you never choose a business structure, but operate your business, you are considered a sole proprietorship. In a sole proprietorship, your personal and business assets and liabilities are not separated. If you don`t want to use your home address as your business address, you have other options to explore. Once your online store has been registered as a legal entity, you are protected if one of your customers or competitors decides to take legal action against you. A trademark is a design, symbol, word or phrase that identifies the source of your products or services and distinguishes them from the products and services of your competitors. Trademark protection results from the use of your trademark in businesses, but for national protection, you can register your trademarks with the U.S. Patent and Trademark Office. Finding a business name that will stand the test of time can be difficult. Look at some of your competitors and analyze the types of names they use.
Write down the names of ecommerce businesses you like, and then think about how your idea compares to them. Does your idea stand out from the crowd? If not, what can you do to make it unique? You can also use a business name generator to get ideas for your business name. If you have CLL, you will need a registered agent. When it comes to choosing how to meet this requirement, you have a few options. In summary, here are the 6 steps to registering a business: Depending on the type of business you have and where it is located, you may need to register to get licenses or approvals from local licensing agencies. In some locations, all businesses must have an establishment licence or establishment permit. You may also need to get permits for things like parking and building occupancy. And some types of businesses, like restaurants, have special licensing and licensing requirements. The U.S. Small Business Administration has a website with links to various state and local requirements. One of the easiest ways to register the name of a company is to register the structure of the company at the state level. This ensures that the company name belongs to the owner and allows them to fully operate the business under the registered name.
To achieve this goal, you need to register the company structure as a limited liability company (LLC), non-profit, partnership, limited partnership (LP), etc. Depending on the state where you register your business, you may not need an operating agreement. However, it`s always a good idea to have one, as it adds a layer of protection to your business and ensures that the operation complies with its own rules. The enterprise contract governs the ownership shares and management structure. If you don`t have one, the business should operate according to the general rules of your state. If you are applying to have your LLC, partnership, or corporation registered in your state, you do not need to file a separate application for business name registration. As part of the incorporation process, most states automatically register the name. To make sure you don`t duplicate another name, you`ll need to compare your name to the state commercial register. The company name is the official name that identifies your business. You will need a business name to file a Form SS-4 to obtain an EIN. To register a company name, you must first form the company by creating the appropriate incorporation documents – LLC Operating Agreement, Partnership Agreement, or Shareholders` Agreement – and filing the registration documents with the appropriate state authority. A company allows you to finance the growth of the company with external funds from investors.
File an application with the IRS for a federal tax number. You can use your Social Security number if your business is a sole proprietorship or a one-person LLC. You will also need to open a business bank account as well as an online payment service such as PayPal. Once you`ve come up with an amazing name for your ecommerce business, you`ve already gotten over one of the hardest parts of registering a business. It is important to ensure that your company name is not already registered with the United States Patent and Trademark Office (USPTO). The USPTO automatically rejects any registration of a company name already registered in its system. You will also forfeit any application processing fees. Apply for business insurance, including workers` compensation and unemployment insurance if you have employees. Contact a business insurance specialist or the Ministry of Labour (DOL.gov) to get the insurance you need for your business and employees.
There is a situation where a physical address is required by law: If you are setting up your business as a limited liability company (LLC) or as a limited partnership or limited liability company, you must have a registered agent address in the state where you registered to do business.