Depending on your country of domicile, the laws governing registration of a small business broker/seller business may differ slightly but there are those important steps and procedures that are mandatory for any registration of small business broker/seller business to take place. They are fundamental and indispensable as the laws in many countries recognize them as such. It is essential therefore to ensure that before you get started, you comply with every requirement as demanded by the laws of your country. The following steps will be the most important in many government registration offices.
The first step to registering small business brokers/sellers like www.charterbusinesssales.com.au is to come up with the names of your business to be. These names will then be search and reserved for a period of time to enable you decide which will be the most appropriate name for your business. During this stage, the charges are minimal and pocket friendly. In some countries, this exercise may be free. Many people however, fail to go through this stage the first time since their choice of names may coincide with already existing, reserved or registered names. In such a case, you will have to go back to the drawing board and get others names that are different from the ones you had previously forwarded for registration.
After reserving your names and deciding which amongst them suits your business, you should go ahead and present the names to the registrar for further instructions on registration. This is because it will depend on which form of business you have decided to follow. It could be a sole trade or a company. The former is less rigorous as compared to the latter which will require you to prepare documents such as memorandum of association, articles of association, list of members, list of directors inter alia.The charges for registration of a sole trade are also minimal as compared to a company where you will be required to pay additional charges such as stamp duty which are not applicable in registration of a sole trade. In a nutshell, registering small business brokers/sellers business as company is more preferable.
After registering your small business broker/seller business and getting the relevant documentation, it is important to inform your local authority before commencement of any business. This is to enable them give you the relevant permits to do your business without friction with their officers. It will also portray you as a responsible citizen in your country and this could earn you accolades and more business. Finally, after you do your business, remember to pay taxes as and when they fall due. Remember to file the relevant returns annually or periodically as they are required by the laws of your country. This will save the agony of being taken to court for accumulated taxes and penalties that may bring down your small business broker/seller business or land you in jail. Remember to consult an accountant/auditor to enlighten you more on this particular sensitive part of doing business in any country.