How to Get a Trade Name in Hawaii

One of the initial actions you must do when beginning a business in Hawaii is to acquire a trade name. A trade name, commonly referred to as a “doing business as” (DBA) name, is a phrase that the general public uses to recognize your company. By registering your desired trade name with the State of Hawaii Department of Commerce and Consumer Affairs (DCCA), you are able to do so in Hawaii.

You must fill out and send a Trade Name Registration form to the DCCA in order to register a trade name in Hawaii. You must fill out the form with details like your intended trade name, the kind of your company (single-proprietorship, partnership, corporation, etc.), and your contact information. Additionally, you will be required to pay a registration cost, which varies based on the sort of business organization you are.

Once your trade name has been registered, you must renew it every five years to maintain it in use. By submitting a Trade Name Renewal form and paying the renewal charge, you can renew your trade name.

It’s possible that you’ll also need to apply for a business license from the DCCA in addition to registering your trade name. Your business’s type and location will determine the kind of license you require. Through the DCCA’s Business Express website, you can submit an online application for a business license.

Now let’s talk about Hawaii’s income tax situation. There are nine tax brackets in Hawaii’s progressive income tax system, with rates ranging from 1.4% to 11%. Your income level will determine the tax rate you must pay. General excise tax (GET), a levy on commercial activities, is another tax levied by the state. For most businesses, the GET rate is 4%, although some activities, such retail sales and the leasing of transient lodging, are subject to higher rates.

Finally, you must register with the Hawaii Department of Taxation in order to receive a seller’s permit in Hawaii. You can gather and submit sales tax on taxable sales if you have a seller’s permit. You must fill out and submit a Hawaii General Excise / Use Tax License Application form to the Hawaii Department of Taxation in order to apply for a seller’s licence. Additional details that are required include your name and address for your company, the kind of business you run, and your contact information.

In conclusion, the key steps in beginning a business in Hawaii include acquiring a trade name, a business license, and a seller’s permit. You may make sure that your company is functioning lawfully and in accordance with state laws by adhering to the registration and licensing criteria outlined by the DCCA and the Hawaii Department of Taxation.