Registering a company gives it a legal entity status separate from its owners, or “members.” This means that members won’t be held responsible for the company’s debt. Companies are a major contributor to the economy of most nations by creating jobs and providing goods or services that consumers want.
If you’re starting a business, there are many factors to consider, including the type of business structure and its registration status. Some structures require less paperwork than others. Regardless of the structure, most businesses need to file certain paperwork and pay fees, whether it’s on an annual basis or when they change their business address. The amount of paperwork and fees varies by state.
Once you determine what type of business you want to run, the next step is registering your business name. You can do this through the county clerk’s office, or online through services like Clerky, Stripe Atlas, and Gust Launch. These services also check for general copyright and ownership infringement, so it’s important to make sure that your business name is not already in use.
Corporation: Corporations provide liability protection for their owners and are a good option for large organizations. They must comply with federal, state, and local laws, as well as file a yearly report. Some professions, such as doctors, lawyers, and architects, are required to be registered as corporations.
Generally, it takes about 10 days to register an LLC or corporation in most states, although some have longer processing times. Once the registration is complete, the company will receive an official certificate of registration and a corporate key that must be kept safe. register a company