Can I Register Myself As A Business
One of the first questions new entrepreneurs ask is when to register a company. The actual corporation or LLC being formed however cannot name itself as its own Registered Agent.
Register with the IRS.
Can i register myself as a business. You may not legally use your business name without first registering it as one of the many business entities recognized by your state and the IRS. Apply to register a trade mark Step 3. Then and only then decide when or if to move the business into a company structure by weighing the advantages and the disadvantages.
Your EIN is like a Social Security number for your business and is necessary for filing your taxes. A registered agent is your companys official contact person and is required for every registered business in every state. You do not need to register your name.
You can make some changes as you consider your businesss performance. These are just a few of the benefits from incorporating yourself as a. You can trade under your own name or you can choose another name for your business.
You must include your name and business name if you have one on. In any case taking your business to the next level by establishing a business entity separate from your personal finances is worth your time and trouble. If a self-employed individual does not register his business but state or local regulations require registration the individual can be fined and prohibited from conducting business until the business is.
The first step in the registration process is to do a search of your business name and make sure that it isnt already registered by somebody else in. You can sign up for one online here. If you conduct business as yourself using your legal name you wont need to register anywhere.
For most small businesses registering your business is as simple as registering your business name with state and local governments. Most states dont allow your LLC to serve as its own agent but you can personally serve if you meet state requirements. Many business owners consider incorporating their sole proprietorship but wonder if they truly need to do so.
You can register a trade mark if you want to stop people from trading under your business name. Check what records youll need to keep. Regardless of which way you choose to pay yourself its important to remember that your compensation as the business owner isnt set in stone.
If youre looking to start an LLC or S-Corporation you will need to designate a Registered Agent. You can act as your own Registered Agent for a corporation or LLC as long as you have a physical street address in the state where your corporation or LLC is formed. You can set up simply as a sole proprietor or you can go the next step and register as a limited liability company or other entity.
Besides protecting you personally from business liability incorporating yourself gives your sole proprietorship credibility to clients. Next you need to register your business with the IRS to receive your Employer Identification number EIN. State and Federal Online Business Registration If you need a business registration number from one of the states listed on this page all you need to do is click on one of the links below.
You will leave the IRS website and enter the state website. In some cases you dont need to register at all. The answer to this is It depends.
Before you even think about company structures you need to establish that you have a viable business opportunity. There are several reasons why you should incorporate your business even if you are the only employee.
