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Step 7 - Register your business

Mar 06, 2022

Find out if you need to register your business

Your location and business structure determine how you’ll need to register your business. Determine those factors first, and registration becomes very straightforward.


For most small businesses, registering your business is as simple as registering your business name with state and local governments.


In some cases, you don’t need to register at all. If you conduct business as yourself using your legal name, you won’t need to register anywhere. But remember, if you don’t register your business, you could miss out on personal liability protection, legal benefits, and tax benefits.


Register with federal agencies


Most businesses don't need to register with the federal government to become a legal entity, other than simply filing to get a federal tax ID. Small businesses sometimes register with the federal government for trademark protection or tax exempt status.


If you want to trademark your business, brand or product name, file with the United States Patent and Trademark office once you’ve formed your business.


If you want tax-exempt status for a nonprofit corporation, register your business as a tax-exempt entity with the IRS.

To create an S corp, you’ll need to file form 2553 with the IRS.


See original article on sba.gov

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