Registering a Business Name and Not Using It: What You Need to Know

One of the initial actions you might do when beginning a business is to register a business name. But what happens if you reserve a company name but finally decide not to use it? Can you accomplish that? You can register a business name even if you don’t intend to utilize it, to put it succinctly. There are several things to remember, though.

Let’s first talk about how to buy a business name before getting into the technicalities of registering a business name and not utilizing it. You may check the availability of a business name online at the Secretary of State’s website in the majority of states, including Oregon. If the name is available, you can submit a registration form and pay a fee to reserve it for a specific period of time (often 120 days), as long as the name is still available.

The Oregon Department of Revenue may require you to obtain a seller’s permit if you intend to sell products or services in Oregon. Businesses that offer taxable services or tangible personal property must have this license. You might not require a seller’s permit if all you offer are non-taxable services. To find out whether you require a permit, it is advisable to contact the Oregon Department of Revenue.

Oregon does not require sole proprietorships to register with the state. Nevertheless, depending on the type of your firm, you might need to acquire particular licenses or licences. For instance, you might want additional permits or licenses if you intend to run a home-based business or sell food goods. In order to make sure that you are in compliance with all state and local laws, it is best to conduct research on the specific needs for your firm. How to Form a Business Corporation in Oregon

You must submit articles of incorporation to the Oregon Secretary of State’s office if you choose to incorporate your firm there. A business license from the Oregon Business Registry will also be required. According to the nature of your firm, you might also require additional licenses or permits.

In conclusion, it is feasible to register a business name and not use it, but it’s crucial to remember the particular requirements for your firm. A seller’s permit may also be required if you intend to offer goods or services in Oregon. Although sole proprietorships are exempt from state registration requirements, depending on the type of your business, you might need to apply for specific licenses or permits. If you choose to incorporate your business in Oregon, you will also need to apply for a business license and file articles of organization. Always do your homework and make sure you are abiding by all local, state, and federal regulations.