Choosing a business name is one of the first stages in beginning a business. Many business owners enquire as to whether they must pay for a company name. No, is the response. To select a company name, there is no cost. However, you might have to pay for trademark registration if you want to safeguard your company name.
Although trademark registration is not essential, it does give your company name and logo legal protection. Depending on the nation or region you are in, different fees apply for trademark registration. The price of trademark registration in the United States can range from $225 to $600 per class of goods or services.
Depending on the kind of business entity you select, Hawaii’s incorporation fees vary. For instance, Hawaii charges a $50 initial filing fee and a $15 yearly report fee for the incorporation of a limited liability company (LLC). Hawaii charges $50 for the initial filing fee and $25 for the annual report fee to form a business.
There are a few procedures you must do in order to launch your own business. You must first decide on a business name and see if it is available. The next step is to select a type of company entity, such as a corporation, LLC, or sole proprietorship. The next step is to register your company with the government and secure any required licenses and permissions. Finally, you’ll need to open a business bank account and get any insurance that’s required.
You must adhere to a similar procedure in Hawaii if you want to register a non-profit organization. You must first select a name for your non-profit organization and determine whether it is available. The Internal Revenue Service (IRS) must be contacted in order to apply for tax-exempt status, and you must then file articles of incorporation with the state. Last but not least, you must register with the state to obtain any required licenses and permits.
You might require a business license if you intend to sell products online in Hawaii. If a company wants to do business in Hawaii, they must get a general excise tax (GET) license. This comprises internet retailers who serve Hawaiin clients. The price of a GET license varies according to the company’s gross revenue.
To sum up, choosing a business name is free, but trademark registration may cost money if you want to protect it. Depending on the type of company entity and the required licenses and permissions, the cost to incorporate and register a business in Hawaii varies. Starting a business involves a number of processes, such as picking a name for the company, filing paperwork with the state, and acquiring any necessary licenses and permissions. You might require a GET license if you intend to sell products online in Hawaii.
You must register your company with the Hawaii Department of Commerce and Consumer Affairs Business Registration Division in order to launch a home-based business in Hawaii. Depending on the kind of business you intend to run, you might also need to secure any required licenses and permits. Additionally, it’s critical to select a distinctive company name that is not already in use and to register it with the relevant state agency. However, the particular rules and laws in Hawaii will determine whether or not you have to pay for a business name.