



| .. Business Incorporation, Register your business with any state: When beginning a business, you must decide what form of business entity to establish. Your form of business determines the amount of regulatory paperwork you have to file, your personal liability regarding investments into your business, and the taxes you have to pay Sole Proprietorship - A business owned and managed by one individual who is personally liable for all business debts and obligations. Partnership - Two or more people share ownership of a single business. Corporation - A legal entity owned by shareholders. S Corporation - A special type of corporation created through a tax election. An eligible domestic corporation can avoid double taxation (once to the shareholders and again to the corporation) by electing to be treated as an S corporation. Limited Liability Company (LLC) - A relatively new, hybrid-type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership Non-Profit - An organization engaged in activities of public or private interest that are not motivated by making a profit. Some non-profits are exempt from paying federal taxes. Cooperative - A business or organization owned by and operated for the benefit of those using its services. Cooperatives are not a legal structure. Registering Your Business If you decided to create a corporation, a non-profit, a limited liability company or a partnership (limited, or limited liability), you will have to register your business and file certain documents with your state government. If your business is a sole proprietorship, you do not need to register your business with the state. However, many states require a sole proprietor to use their own name for the business name unless they formally file another name as a trade name, or a fictitious name. Choose a state to find out about specific filing requirements in the state where your business will be formed. |
| ..How to Register Your Business with the Secretary of State... The paperwork that has to be done when starting a business can seem endless. Some of the most important forms you will fill out for your new business are the forms that make your business legitimate to the state in which you are operating. Registering your business with the Secretary of State is usually a smooth process that requires several forms to be filled out in a timely manner. Step 1-Determine whether you need to register your business with the Secretary of State where your business is located. Corporations, limited liability companies and limited liability partnerships are required to register business with the Secretary of State. You must also register your business if you want to register your business name, a trademark or service mark. Step 2-Use the Internet or call to find out the details of how to register with the Secretary of State in your state. Most states have websites that outline exactly what you need to do to register your business in your state. Step 3-Step 3Check to see if the forms you need to complete in order to register your business are located online. If you do not find them online, request them from your Secretary of State's office. Step 4 Fill out the appropriate forms that are required by your state to register your business. Depending on what type of business you are registering you will have different forms that you have to file. Step 5 Include any fees that you need to pay in order to register your business with the Secretary of State. Most Secretary of State offices will charge a fee to process your forms. Step 6 Send in your forms and payment for your fees in a timely manner. The quicker you get the forms and payment into the Secretary of State, the quicker they can process them. Then, you can take that next step in getting your business operational. |
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