How To Register Your Business As A Small Business

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.

How to register your business as a small business. If you have a small one person operation or run your business with your spouse you may choose to register as a sole proprietorship. Next comes registering your name. If you need to register immediately you must apply online at companies house before 3pm and pay an additional 100 fee. Some aspects of starting a new business are exciting and glamorous. There are benefits and disadvantages to registering your business that all small companies and individuals need to consider.

Register your business name. The sba community is an interactive extension of the site and features a variety of discussion boards and blogs that allow business owners to. For most people registering your business falls into the latter group. A sales tax permit will let you legally collect sales tax from customers. 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.

You can register as a limited liability corporation llc corporation partnership or as a sole proprietorship. If you conduct business as yourself using your legal name you won t need to register anywhere. Other popular business structure options include a limited liability company llc or corporation c corp. 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.

For most small businesses registering your business is as simple as registering your business name with state and local governments. Postal applications take 8 10 days and cost 40. In some cases you don t need to register at all. Obtain a unique data universal numbering system d u n s number external. Registering a business name is usually part of the process of registering separate entities like llcs and corporations.

Registering a company name costs 12 online at companies house and can be paid by debit or credit card or paypal account. 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. A dba can also be used by existing llcs and. As a business operator you ll also need to comply with state income tax and employment laws. A company is usually registered within 24 hours.