Monday, June 25, 2007

When you start a business, do you register trade name, get permits, etc before you rent a place? -

Do you recommend any proper steps? =) Thank you

You are not required to do anything except apply and get a business license and make sure to get business insurance. You can easily get a business license from your local county office. This structure of business is called Sole Proprietorship. Although, this is the most simple structure and very easy to form, this is not at all a recommended business structure. However, this helps individuals with very little money to start a business without having to worry about incurring expenses for the incorporation procedures.Next, when you have some funds available you should immediately consult an Accountant and incorporate. As a North Carolina CPA, I would recommend incorporating as an LLC.Good luck with your business venture. Let me know if I can be of any additional help.

make sure the name is not being used, look at getting insurance, make sure you have enough money to make it for at least 3 months by your self if you do not make any money at first , ie overhead , rent , etc

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