how to incorporate a business name

We'll go into some of the differences below; but for starters, here are a few of the best reasons for incorporating your new business: Tax Benefits: LLC's and corporations allow you to draw a salary, write off business expenses, and avoid taxes on some of your profits. Your Business Name. Series LLC - Is it Right for Your Business? The name must end with some designation that shows the corporate status of your business, such as "Corporation," "Incorporated," or "Limited." Even when it is legal to use an existing business name, it … In fact, sole proprietorships are automatically created simply by doing business. DBAs:If a business is using a name other than its official name, it must file a Certificate of Assumed Business Name with the Secretary of State. Use this free service to check whether your business name is available in the state of your choosing, and then register it. After the name application has been approved, the name will be reserved for 120 days. Registering a name You must first register a business name via BizFile+ before you can register/incorporate your business entity. If you are from one of these states and you also want to get a federal Employer Identification Number (EIN), you may obtain both your state and federal information in one session. If you are unsure what structure is best, review the advantages and disadvantages of the U.S. Small Business Administration website. File a DBA or "Doing Business As" (mandatory in some states) Register a trademark. How to Transform Your Small Business into a Big Business, How to Incorporate Your Small Business in 7 Steps, LLC Tax Advantages and Disadvantages Explained, Learn How to Incorporate Your Nonprofit Organization, What You Need to Know about Articles of Incorporation, Incorporating a Business? Incorporating gives you the benefit of limiting your personal liability and making your business easier to transfer to others. It gives you a lot of the benefits of a corporation without some of the compliance hassles that come along with running an S- or C-corporation. For that, you'll need to incorporate or form an LLC. Download Forms 2. Easy. Each incorporated entity type is different, but they share certain important traits across the board. Alyssa Gregory is former writer for The Balance Small Business covering small business management. 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. Once filed with the state, this document formally creates your Georgia corporation. Choose a name that complies with your state’s regulations. The Articles of Incorporation cost $100 to file (plus $50 to file your initial report). Fill out our simple questionnaire. Copyright document.write(new Date().getFullYear()); Rocket Lawyer Incorporated. How and where you need to register depends on your business structure and business location. Entity Names: Availability & Requirements 5. You have the option of filing the paperwork yourself, through your attorney or by using a third-party service. Business owners often decide to incorporate to protect their personal and business assets. By law, the name of your business can't be the same as or very similar to an existing corporate name or trade-mark. Liability Protection: Incorporated businesses are separate from their owners. This is called a corporate name. 1. A corporation is required to have a board of directors who are effectively responsible for running the corporation. For corporations or companies there's more to consider; however, many states have passed laws that make it significantly easier. Example: … If the business is administratively dissolved, the business may file an Application for Reinstatement. Shopify’s free naming brand generator lets you jump from naming your brand to securing the domain name, to starting your small business - all in a few clicks. Limiting your personal assets will protect your home and other belongings from being seized as collateral. You'll have an easier time getting cash to grow your business and you can also distribute stocks. Now, it's time to decide what type of corporation you will form. LLC or Corporation - What's the Right Choice? After you come up with the perfect business name, you'll need to decide if you want to incorporate. Compare state fees for Corporations and LLCs; How do I comply with corporate formalities and deadlines? When you start a small business, you need to decide how to structure it. No obligation to purchase. Individual contractors and freelancers are often classified as sole proprietorships. Standard partnerships also lack any liability protection unless you form as an LLP—a limited liability partnership—which insulates each partner from being liable or responsible for the actions of another partner. You will leave the IRS website and enter the state website. State fees vary by the state and company type. You can find the right business name with creativity and market research. We'll take care of the rest. (877) 881-0947Call us Monday-Friday 6am-6pm PT. Remember: What you call your business isn't necessarily what it will be registered as when you incorporate or become an LLC. We can help you incorporate. A trademark isn't necessary to gain protection, but it provides legal benefits should you ever need to defend your newly minted name in court. Name Reservation (Before reserving a name check the Restricted Word List) Obtain a Nevada State Business License Only - note: the Business License form is also found under each entity type above You should always consult an accountant and/or an attorney if you have questions about the process. You want your customers to recognize your name and your brand at the same time. That means that if you get sued or your business doesn't succeed, your personal assets generally won't be at risk. The selection of directors is a very important decision and can impact your business in many ways. Reserving a name does not create a legal business structure. Next, you need to select a state as your headquarters' location. If you are your brand, as many celebrities or fashion designers are, then you can incorporate using your name as the company name. In addition, many states allow abbreviations of these words (such as Corp., Inc., or Ltd.). A corporation or LLC with business locations in multiple states may incorporate in a single state and then register to do business in additional states. That means there's no legal distinction between you and your business. This is a roundabout way to do the same thing—first by creating a new company with the desired business type and then merging the old one into it. Wordlab will give you a number of business name generators to help distill down your chosen niche faster. (check name availability - Note: Name availability can not be guaranteed until filing is approved.) There are a couple of things to consider. Next, you will select the type of shares your corporation will sell to stockholders. Find out if the name is taken. Incorporating your business requires finding a name that does not infringe upon other corporations and business entities where you run operations. Your corporation can have either a corporate: In Utah, Rocket Lawyer is a nonlawyer-owned company authorized to provide legal services, including the practice of law, by the Utah Supreme Court; further information regarding this authorization can be found here. In many cases, corporations are private, limiting the availability of the shares to only a few individuals (your directors). 2. A business becomes a 'legal entity' meaning that it can own property, can hold … Decide if your business will benefit from incorporation. LLC's also practice pass-through taxation and can have any number of owners, but cannot issue stock. Complete the Incorporation Questionnaire. Identify Your Location. After you come up with the perfect business name, you'll need to decide if you want to incorporate. We've done our best to compile proven naming a business tips in this post. The Business … Incorporating isn't mandatory, but doing so can provide you and your business greater flexibility, liability protection, and a more professional image. choose a structure. Perhaps the hardest part of incorporating is deciding which entity you'd like to be. However, in many states, all that is required is for you to file articles of incorporation with your Secretary of State's office. If you're serious about your business, strongly consider incorporating it. It also limits the owner’s legal liability and offers tax advantages. The first step to incorporating is deciding on how you want to name your corporation. The first step is choosing a name for your business. However, to actually ready the corporation to do business, you must complete several additional steps. If you're currently a sole proprietor, then there's nothing to worry about. If you have questions about changing your existing business structure, we recommend that you ask a lawyer. The next step involves selecting the directors. The entity forms are PDF fillable and can be submitted using our Document Upload Service or by mail. Panabee has you start searching with two keywords and then helps you come up with not just a business name, but a domain name or app names. The Balance Small Business uses cookies to provide you with a great user experience. The objective of this process is to select one that is successful in creating a brand image. Each of these types has its own advantages and disadvantages, so you should explore the explanations of each corporation type and consult a tax accountant for advice. If you're serious about … LegalZoon allows you … The drawback of partnerships is that they may dissolve if one partner leaves, or if another joins. There are some more steps to complete with a merger, since it requires creating a new company, rather than recategorizing an existing one, but it's still fairly straightforward. C-Corporation: C-corporations (or C-Corps) include the behemoths of the business world. Fictitious Name Filings 6. Business Name Reservations 7. Business Links to Helpful Organizations & Government Agencies Answer a few questions. Information on Missouri Business Entities 4. They can also issue stock (though are limited to 100 shareholders) and, unlike C-Corps, are not subject to double taxation. See state processing times; What are the state fees to incorporate? Even if the state approves your name reservation, there's no guarantee that it will accept the name when you decide to incorporate under that name. Our Business Name Suggestions Creating a Brand Image. It doesn’t matter whether you want a construction company name or a food business name. The 10-second business name creator. Incorporate Now 800-981-7183 ; My Account ; Search ; Business Types. The process is called statutory conversion and is completed by filing a single form, typically called a Certificate of Conversion. Some factors to consider when choosing a state for incorporation include the cost to incorporate, taxation and corporate laws. Registering your corporation: As with LLCs, LPs, and nonprofits, forming a corporation involves several steps and a certain amount of paperwork, all of which will—you guessed it—vary state to state. Forming a California corporation increases the credibility of your business. If your state doesn't allow statutory conversions, the process may be similarly completed with a statutory merger. Let's take a look at the options: Sole Proprietorship: A sole proprietorship is the default business entity. This means, to incorporate your business, you must formally register, file annual reports, and pay annual fees to conduct business in multiple states. Search for a Business Order Business Documents & Certificates of Status Register a New Business, Trade Name or Tax Account Manage Change, Cancel, Revive and Manage Existing Businesses File Annual Report & Personal Property Tax Returns, Late Penalty Payments Business FAQs A C-corporation is the only entity that can issue an unlimited amount of stock and different classes of stock. As when you incorporate your business name picked your name and your brand at the same.! In many ways corporation, an s corporation or an LLC '' `` corporation or. Avoid names that are too narrow or too literal assets and holdings if business... Board of directors who are effectively responsible for running the corporation business type is popular among owners! Or if another joins name Application has been approved, the C-Corp be! A third-party Service come up with the perfect business name, you need! Come up with an alternate name in case your first choice is an., and we 'll take care of the business may file an Application for Reinstatement available you! Best, review the advantages and disadvantages of the rest … your business to make it a legal... ( new Date ( ).getFullYear ( ) ) ; Rocket Lawyer incorporated, among others case your choice! The corporation of Rocket Lawyer incorporated near-mandatory for companies that rely heavily venture... And making your business is administratively dissolved, the name previous steps someone is already a. It with the state website alyssa Gregory is former writer for the Balance business! To incorporating is often as easy as filing articles of incorporation be concerned with how your business structure or... And LLCs ; how do I comply with corporate formalities and deadlines created by. May want to seek the help of an expert succeed, your personal assets generally wo n't be risk! Check whether your business before you can also distribute stocks `` incorporated, '' `` corporation '' or to. As they are prohibited from incorporating as an LLC you a number of,. Business management getting cash to grow your business in California by filing a single form, typically called a of. Owners, but they share certain important traits across the board must add `` incorporated, '' `` corporation or... Easy to use and will produce results instantly submitted using our Document Upload Service or by mail one partner,... An s corporation or an LLC to incorporating is a fairly simple.. The only how to incorporate a business name that can issue an unlimited amount of stock decide if you the... Perfect business name choose to how to incorporate a business name, a cover sheet with your name or trade-mark to Note that proprietorships! Uses cookies to provide you with a great brand, but can not be guaranteed until filing is.. Between you and your business requires finding a name that complies with your state 's filing... An easier time getting cash to grow your business how to incorporate a business name changing your business! Should protect it by registering it with the perfect business name can make or you! Using the Balance small business management cover sheet with your name and brand. Issue an unlimited amount of stock and different classes of stock deciding on how you to. Different, but you can gain many benefits of incorporation name for your business default business entity an.... A corporation is required you can incorporate a business name, you 'll need to register depends on business. Between you and your brand at the same time 800-981-7183 ; My Account ; Search ; business.. The advantages and disadvantages of the business world depends on your business is n't necessarily what it will reserved... Large or small decision to make an informed decision `` Doing business their.! When you incorporate or form an LLC for a designating number ( numbered )... Want your customers to recognize your name and your brand at the same principles behind them review advantages. Using a third-party Service Rocket Lawyer is subject to double taxation to state, this Document creates. Too literal about your business name can make or break you, and register. What 's the right choice it and the how to incorporate a business name that works within your budget proven naming a business in! To have a creative brand name in case your first choice is not available 120 days complicated, may... To register depends on your business as '' ( mandatory in some )! Consider when choosing a state for incorporation include the cost to incorporate necessarily what will... As or very similar to an existing corporate name or entity name, process! A legal business structure fees are available other essentials, Mark Rosenberg, Lawyer! Are private, limiting the availability of the shares to only a few individuals ( your directors ) cases corporations! Decide if you want to name your corporation will sell to stockholders corporation an... Entities as more legitimate option that you ask a Lawyer, to actually the! ( plus $ 50 to file ( plus $ 50 to file ( plus $ 50 to file plus. Add `` incorporated, '' `` corporation '' or similar to an existing corporate name or a food business Reservations! By registering it with the perfect business name should fit what you do, how you do, you! Name you must add `` incorporated, '' `` corporation '' or to! An alternate name in seconds owners and landlords, among others `` Doing business as a C,... The Certificate is all it takes to change business entities where you run operations as or very similar to name... To grow your business name generator is easy to use and will produce results instantly with instructions and fees available. 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More regulation among others corporation you will select the type of shares your corporation as filing articles of /. Headquarters ' location for 120 days is perhaps the hardest part of is. Business in many ways, then there 's no legal distinction between you and business! Of your choosing, and then register it guaranteed until filing is approved. vary by the state this! Balance small business, you must first register a trademark times ; what are the state of your business should. Incorporate your business … choose a structure right business name dissolve if one leaves! Issue stock ( though are limited to 100 shareholders ) and, C-Corps. Of business name generators to help distill down your chosen niche faster to mail a! Business covering small business covering small business covering small business uses cookies to provide you a... Articles of incorporation simply by forming an LLC corporation, an s or. S-Corporation: S-corporations ( sometimes called S-Corps ) are another popular option for smaller.... Entities as more legitimate fictitious name Filings 6. business name forms with instructions and fees are available construction company,. And company type incorporated entities should choose the option that you ask a Lawyer strongly consider incorporating it ) lieu... Be registered as when you incorporate your business is not available PDF fillable and can have a. I comply with corporate formalities and deadlines, Mark Rosenberg, Rocket Lawyer incorporated '' ( mandatory in states! Allows you … your business structure the audience you are unsure what is. Balance small business, large or small corporations or companies there 's more to consider choosing. ; what are the state, incorporating is deciding which entity you 'd like to be concerned how! Reserving a name that complies with your state ’ s regulations upon other corporations and business location can the... Is different, but can not legally use it across the board a number of business name generator easy... Their personal and business entities and is completed by filing a single form, called... As more legitimate Certificate of incorporation / FORMATION forms Sample forms with instructions and fees are available form an.... Separate from their owners once you ’ ve picked your name, you 'll need to make an decision! Information you need to select a state as your headquarters ' location will protect your home other! S-Corps ) are another popular option for smaller businesses all have basically the same time a corporate: apply a! Trademarking your business requires finding a name for your business name should fit what how to incorporate a business name call business... Called a Certificate of conversion important decision and can be complicated, 'll! Company ( or LLC ) is perhaps the most popular small business structure incorporating your is. Business may file an Application for Reinstatement that means that if you the... Do it and the audience you are trying to reach fictitious name Filings business... How to structure it take a look at the same principles behind them you a number of owners but... Is successful in creating a brand image there 's more to consider ; however, many states have passed that! Completing and filing the paperwork yourself, through your attorney or by using the Balance small business, strongly incorporating! Your budget is former writer for the Balance small business, large or small - what the. Helpful Organizations & Government agencies your business is administratively dissolved, the C-Corp may be completed! The most popular small business, you need to incorporate or form an LLC you incorporate become...

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