How to Register a Company: Step-by-Step Guide
📌 Step 1: Choose a Business Structure
- Sole Proprietorship
- Partnership
- Limited Liability Company (LLC)
- Corporation
📌 Step 2: Pick a Unique Business Name
- Check availability with the local business registry
- Follow naming guidelines
📌 Step 3: Register with the Government
- Submit required documents (e.g., Articles of Incorporation, Memorandum of Association)
- Pay registration fees
📌 Step 4: Obtain Tax Identification Numbers
- Apply for an Employer Identification Number (EIN) or Taxpayer Identification Number (TIN)
📌 Step 5: Get Business Licenses & Permits
- Industry-specific licenses (e.g., health permits, zoning permits)
- Compliance with local regulations
📌 Step 6: Open a Business Bank Account
- Separate personal and business finances
📌 Step 7: Set Up Accounting & Compliance
- Maintain financial records
- File taxes and reports regularly