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New Business Registration Basics

15th August 2011
By Kapil hauradhur in Business Law
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Individuals starting a new business venture should know exactly what all registrations and licenses are required for the industry they want to join. This can be a complex process, as depending on the various aspects of your business, federal, territory, state and local governments all handle their own set of registration and licensing. Basically the entrepreneurs have to go through certain legal formalities that can crate the foundation for a successful future of the business. One would have to ensure the following aspects to get the Business Registered In A Proper Manner:

Decide on a business structure, such as sole trader, partnership, trust or company
Register a business name, which is simply a title under which you will trade
Register a company, if you find that this structure suits your business best
Register a domain name, which is your address on the Internet. Today most entrepreneurs own an online identity or brand
Register a trade mark. Making your brand exclusive gives you the legal right to stop imitators

Determine which government taxation regulations will apply to your business
An easy and convenient access to all essential government information, transactions and services that are needed, can be availed from corporate services agencies. Assistance is provided for the planning, start-up and running the business efficiently and also for picking out a business name if you donít have one yet, or verify your proposed company name to avoid duplication of already existing names and trademarks. Business Registration may seem complicated, yet, with the help of professional corporate service providers, it does not have to be that way. They know how to acquire consents from members, directors and secretaries, have all applicable forms, and know where to file them. Even if your business is geared solely towards online trading, these consultants can get your firm or organization up and running in no time.

Dealing with an all-round, reasonably priced service provider is the right way to get a new business registered properly with no tension of any future hurdles arising in the future. These teams not only help you get over with your first start-up hurdles, but will continue to work alongside you for as long as you need them. Do not forget that company structures can change over time, other directors may be appointed, members come and go and all these changes have to be reported to the government, which can be easily done through these agents.

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