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How to register your business.

 To register your business, you will need to follow these general steps:

  1. Choose a business name: Check if the desired name is available and register it if necessary. Make sure of your intellectual property rights. Check on the Trade Mark registry whether anyone is trading the name. Employ a lawyer if necessary to undertake the research and secure the name. Choosing the wrong or name that is already in use can be a hugely expensive mistake.

  2. Determine your business structure: Choose the type of business structure that best suits your needs.

  3. Obtain any necessary licenses and permits: Depending on your business and location, you may need to obtain specific licenses or permits.

  4. Register with the government: Register your business with the relevant government agencies. This may include registering with the state and obtaining a federal tax ID number.

  5. Register for taxes: Register with the relevant tax agencies, such as the Internal Revenue Service (IRS) and state tax departments, and obtain any necessary tax licenses.

  6. Set up a business bank account: Open a separate bank account for your business to keep your personal and business finances separate.

  7. File annual reports: File annual reports and taxes as required by the state and federal government.

The specific steps and requirements for registering a business can vary by location and business structure, so it's best to consult with a business attorney or tax professional to ensure you complete all the necessary steps.

Seven steps to register your business

Each step and what it involves.
StepWhat it involves
1. Choose a business nameCheck availability, trademarks and your intellectual property rights
2. Determine your business structureThe structure that best suits your needs
3. Obtain licenses and permitsAny your business and location require
4. Register with the governmentYour state and a federal tax ID number
5. Register for taxesThe IRS, state tax departments and any tax licenses
6. Set up a business bank accountKeep personal and business finances separate
7. File annual reportsAnnual reports and taxes as required by state and federal government
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