Establishing your Small Internet Business / Making your Business Legal

Now that you have decided on what type of business you want to start, the next step is to name it and claim it. This can be done in a couple of very simple steps. First you need to have legal businesses that can do business in your company name and we are going to show you how to make your small businesses legal. The requirements for establishing a company name are simple. Brainstorm ideas for a company name and choose one that reflects the industry you are entering. Visit your local Register of Deeds office and request an assumed name or DBA form. You will need to provide them with some basic information and pay the fee to have the document recorded (about $35). The office personnel can assist you in completing the form but cannot offer any legal advice. We recommend using an online service for this because it helps eliminate errors and does all the work for you. Simply click the link “Register Business Name” on WebPalPro. Once you have filed your assumed name, you will need a reseller number and tax-id (EIN) number. Again, the process for obtaining this documentation is relatively simple. You can contact your state’s Department of Revenue to request the necessary forms for the reseller certificate. It is a one page form you will complete with both personal and business information. Again, you need to file the form as instructed by your state and pay any associated filing fees. These fees vary from state to state and some states do not charge a filing fee. This can also be done online for a fee of $35 by clicking the “Get Seller’s Permit” link on WebPalPro. Finally, you need to obtain an employer identification number from the Internal Revenue Service. Your EIN number allows you to open bank accounts in your business name. You can complete form SS-4 Application for Employer Identification Number online and have the number issued immediately for a fee of $29.95 by visiting the “Apply for EIN” link on WebPalPro. To complete the form yourself, visit this link to the IRS website. (http: //www.irs.gov/pub/irs-pdf/fss4.pdf) We hope that this has been helpful in showing you how to make your small business legal.