When opening a business in Nebraska, registering a business name is a crucial first step. The Nebraska Secretary of State maintains a record of business names. A company name is known as a trade name or fictitious name in Nebraska. By registering a trade name, you can shield your company from any legal repercussions that could result from utilizing an unregistered name. We will walk you through the procedure of registering a business name in Nebraska in this article.
Select a business name in the first step. You must pick a name for your company that is distinct and not being used by another company before registering it. Additionally, the name should convey the essence of your company while being simple to recall. To avoid selecting a name that is already in use, you can check for available business names on the website of the Nebraska Secretary of State.
Step 2: Verify the Availability of Trademarks When you have a name in mind, you should see if it is available for trademark. You can look for trademarks already in use using the trademark electronic search engine provided by the United States Patent and Trademark Office. You will need to select a different name if your desired business name is already the subject of a trademark.
Step 3: Register with the Secretary of State of Nebraska You can register your business name with the Nebraska Secretary of State after making a distinctive choice and determining whether a trademark is already in use. Your business name can be registered online or by mail. A registration form and a fee, which varies depending on the sort of business you are registering, are required.
You have two options when forming a business in Nebraska: an LLC or a sole proprietorship. A sole proprietorship is a company that has just one owner and one employee. It is the simplest and least expensive kind of business to launch. The owner’s private assets are not legally protected by a sole proprietorship, nevertheless. In the event that the company is sued, the owner’s private property, such as their house or car, may be taken in order to satisfy the debt.
An LLC, on the other hand, offers the owner’s private assets legal protection. Since an LLC is a separate legal entity from its owner, the owner’s personal assets are safeguarded in the event that the company is sued. However, starting and running an LLC is more expensive than running a sole proprietorship.
In Nebraska, there are a number of phases to starting a retail business:
Step 2: Declare Your Company
The Secretary of State for Nebraska must then be notified that your business has been registered. Your company name, address, and other necessary details must be provided.
Step 3: Obtain All Required Licenses and Permits You might need to apply for permissions and licenses from state and municipal authorities depending on the kind of retail business you’re launching. For instance, you must obtain a liquor license if you plan to sell alcohol.
Employers must get an Employer Identification Number (EIN) from the IRS if they intend to hire staff members. How can I form an LLC in Nebraska?
Step 1: Select a Name The first step in creating an LLC is picking a name. The name must be original and unclaimed by another company.
Obtain an EIN in Step 3 The IRS will need to provide you an Employer Identification Number (EIN). An EIN is a special nine-digit number that serves as your LLC’s tax identification.
Step 4: Draft an Operating Agreement
Although an LLC is not required by Nebraska law to have an operating agreement, it is advised that you do so to describe your LLC’s ownership structure and management.
A Nebraska sales tax permit is what? A Nebraska sales tax permit enables companies to collect sales tax from clients and send the money to the state. You must get a sales tax permit if your company sells tangible personal property or taxable services in Nebraska. Online or postal applications are accepted for sales tax permits. Once you have a sales tax permit, you must file sales tax returns and regularly send the sales tax you have collected to the state. Penalties and interest fees may apply if a sales tax permit is not obtained or the sales tax is not remitted.
A tax identification number, usually referred to as an employer identification number or EIN, is not expensive in Nebraska. On the IRS website or by mail, you can submit your application for an EIN.