Frequently Asked Questions

Why is it important to register your business name and possibly trademark it?

Registering your business name and possibly trademarking it is a crucial step in setting up your own business. This process is part of filing your "articles of assimilation" with the government and the IRS. The document includes your business name, purpose, corporate structure, stock details, and other relevant information about your business. Registering your business name, which could be your legal name or a "Doing Business As" name, provides a legal identity to your business. Trademarking your business name offers additional legal protection. It safeguards your business name from being used by others, thus preventing confusion among customers and maintaining your business's unique identity. This step is particularly important if your business offers something unique that other businesses don't, as it helps protect your innovative ideas and business model. Moreover, registering your business name allows you to open a business account. This account, linked to your Employer Identification Number (EIN) and business name, helps separate your personal and business assets. It is used for all business-related transactions, deposits, and withdrawals, ensuring clear financial management and accountability for your business.