Pennsylvania’s booming economy and business-friendly climate make it a terrific spot to launch a business. There are a few things you should be aware of if you plan to register your business in Pennsylvania. Choosing a name for your business is one of the most crucial steps in the registration process. This article will cover some pertinent topics, like how much it costs to register a business name in Pennsylvania.
Depending on the kind of business structure you select, Pennsylvania’s business name registration fees change. For instance, the cost is $125 to create a limited liability company (LLC). The cost to form a corporation is $125 plus an additional $70 for each share of stock that is permitted. The cost is $70 if you’re registering a partnership. These costs are up to date as of 2021 but are subject to modification.
Let’s move on to the questions that are connected now. Can you register your LLC with a PO Box in Pennsylvania? The quick response is no. You are need to give a physical address for your company in Pennsylvania. Legal and tax purposes will be served by using this address. If your company doesn’t have a physical location, you can use the address of a registered agent.
In Pennsylvania, are you able to act as your own registered agent? You can, indeed. As long as you have a physical location in Pennsylvania where legal documents may be delivered during regular business hours, you are permitted to serve as your own registered agent there. It’s crucial to remember that acting as your own registered agent can be dangerous. If you are unavailable during regular business hours, you risk missing crucial legal documents that could have negative repercussions.
Finally, can your Pennsylvania LLC use a PO Box? You can’t, sorry. As was already noted, Pennsylvania mandates that your company have a physical address. A physical address is not one that has a PO Box.
What, finally, is a Rev 1605? When registering a business, a Rev-1605 form is required to be submitted to the Pennsylvania Department of State. With the use of this form, you may register your company name and enter details about the kind of business you’re launching. To register your business in Pennsylvania, you must submit this form along with the required payment.
In conclusion, picking a name and paying a fee are required for Pennsylvania business registration. Depending on the kind of business structure you select, the fee to register a business name in Pennsylvania varies. Additionally, you cannot use a PO Box for your business address; you must give a real one. In Pennsylvania, you have the option of serving as your own registered agent, but you should weigh the dangers. Finally, in order to register your business in Pennsylvania, a Rev-1605 form needs to be submitted.
Depending on the type of business structure and whether you are registering online or by mail, the fee to register a business name in Pennsylvania varies. Online fictitious name registration for a sole proprietorship costs $70, for instance, while registering an LLC name costs $125.
A person or company designated to receive legal and administrative documents on behalf of an LLC is known as the registered agent in Pennsylvania. In order to receive vital papers like legal notices, tax forms, and other official mail, the registered agent must have a physical address in Pennsylvania and be accessible during regular business hours.
How long it takes to incorporate in Pennsylvania is not mentioned in the article. Nevertheless, depending on the type of business and the intricacy of the incorporation process, the procedure normally takes a few weeks to a few months. For a more precise schedule, it is advised to speak with a lawyer or a business incorporation provider.