In Hawaii, launching a sole proprietorship can be a thrilling and satisfying experience. However, you must first register your firm with the state before you can start running it. This article will walk you through the process of registering your sole proprietorship in Hawaii.
Select a business name in the first step. Choosing a distinctive business name is the first step in registering your sole proprietorship in Hawaii. This name cannot be the same as or confusingly similar to any already-existing enterprises that are state-registered. The website for Hawaii Business Express allows you to look up existing company names.
Step 2: Obtain a General Excise Tax (GET) License
General Excise Tax (GET) licenses are necessary for all enterprises operating in Hawaii. You are able to use this license to gather and pay the state’s GET tax on all sold products and services. On the Hawaii Tax Online website, you can apply for a GET license.
Registration with the Department of Commerce and Consumer Affairs (DCCA) is step three. You need to submit a Business Registration Application to the Department of Commerce and Consumer Affairs (DCCA) in order to register your sole proprietorship with the state of Hawaii. Through the website for Hawaii Business Express, this application can be submitted online. You must include information about your company, including name, address, and phone number, as well as any employees you may have.
Step 4: Obtain all required licenses and permits You might need to apply for extra permits and licenses from the state or local government depending on the nature of your firm. You can look for appropriate permissions and licenses using the Hawaii Business Express website. For example, if you plan to sell food or alcohol, you will need to secure a permit from the Hawaii Department of Health or the Honolulu Liquor Commission, respectively.
Yes, you must obtain a General Excise Tax (GET) license from the state of Hawaii if you intend to sell things on Etsy as a business. You are able to use this license to gather and pay the state’s GET tax on all items sold. On the Hawaii Tax Online website, you can apply for a GET license.
Using the Hawaii Business Express website, you may confirm a business license in Hawaii. To access the information of the business registration, just perform a search for the business name. This will contain details regarding the status of the company’s licenses, including any that have expired or been revoked.
No, a sole proprietorship is not a DBA (Doing Business As). Simply said, a DBA is a mechanism for a business to conduct operations under a name other than the owner’s legal name. For tax and legal reasons, a sole proprietorship is a sort of business entity in which the owner and the company are treated as one and the same.
A DBA does not offer any liability protection for the business owner, which is one of its key drawbacks. This indicates that the owner’s personal assets may be at danger if the company is sued or goes into debt. Additionally, unlike other business structures like LLCs or corporations, DBAs do not provide any tax advantages or legal safeguards.