Business Registration

Definition: Business registration is the process of officially establishing your business with the appropriate government authorities. This often includes choosing a business name, structure (e.g., sole proprietorship, LLC), and obtaining any required licenses or permits.

Example: A handmade soap maker registering their business as an LLC in their state to operate legally and protect personal assets is completing business registration.

Resources:

• State Business Portals: Most states have online platforms, such as yourstate.gov, for registering a business.
• Business Formation Services: Platforms like LegalZoom or Incfile simplify the registration process.
• EIN Application: Obtain a free Employer Identification Number (EIN) for tax purposes at IRS.gov.

Learn More: Check out our guide to learn how to register your handmade crafts business and get started with the right NAICS code.