Is It Necessary To Register A New Business? Is Reserving A Domain Name Enough?

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I live in Minneapolis and want to start a small business. How do I reserve a name for the business (do I reserve a domain name?) What is the best way to reserve a name? Networksolutions or godaddy or yahoo? Also, what is a good service for hosting a website? How much can I expect as a monthly payment? How do I register my business?

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"Is It Necessary To Register A New Business? Is Reserving A Domain Name Enough?" was posted on Sunday, July 19th, 2009 at 2:25 am.

One Response to “Is It Necessary To Register A New Business? Is Reserving A Domain Name Enough?”

Brendan Prewitt(2009-07-19):

Depending on the type of business you register, you will need to go to either the County Clerk or the Secretary of the State. For a sole proprietorship, DBA or partnership you will need to register with the County Clerk. For a limited liability company, limited partnership, or corporation, you will need to register with the Secretary of the State. You need to register a business in order to report taxes to the IRS (make sure you file the correct IRS forms when registering your business as well). Failure to do so is against the law, and incurs substantial consequences. Contact your County Clerk or Secretary of the State for specific information, they are there to help you. You might also want to consider locating a small business assistance center near you, which can help with creating a business plan, as well as registering, marketing and operating your business. Their advice is normally free. If you do not plan on starting the business right away, you can usually reserve a business name with the county or state for a minimal fee. I hope this helped.
Best of luck in your new venture,
Brendan Prewitt
President, New York Capital Investment Group LLC