Business Registration, Licenses, Permits & Insurance - Presentation

Welcome
To Our

Free Business Training Webinar
Business Registration, Licenses, Permits, Insurance

1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 1
www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com

T
r
Training Overview
a
i Topics
n
Is Business Ownership For you?
i
Writing Your Business Plan
n
g
Business Organization
Business Registration, Licenses, Permits, Insurance
O
Business Finances & Financing
v
Business Location
e
r
Tools, Technology & Equipment
v Staffing
i Marketing & Opening
e Growing & Expanding
w

W
e Business Registration, Licenses, Permits, Insurance
e
k Trade Names/Doing Business As (DBA)

F Trademarks
o
u Registration
r
Licenses & Permits
T
o
Insurance
p
i
c
What To Do / What Not To Do
s


W
What Is Required?
h
a Registration, licenses, permits and insurance requirements:
t
vary by type of business entity
i
s Requirements vary between the formal and informal business sectors

R Requirements also vary from country to country and within a country
e
q Procedures, amount of paperwork, timeframe, costs and common practices also
u
vary by business entity, sector, profession, country, states and even cities
i
r
e
d
?

D
Trade Names/DBA
B
A
Trade name or Doing Business As (DBA) is the official, legal name of a company.
A
n
Also known as an assumed name or a fictitious business name
d
A trade is required unless you are using your real name to do business
T
r Corporations and LLC can also use trade names
a
d Trade names are more professional and are required by most banks to open a
e business account
m
a Trade names generally need to be legally established/registered in most cases
r
k A unique or catchy trade name can go a long way in branding your company
s 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 5

T Trademarks
r
a
d Trademark is defined as “a word, phrase, symbol or design, or a combination thereof,
e that identifies and distinguishes the source of the goods of one party from those of
m others”
a
r
If the source is service rather than goods, the word service mark is used
k
Trademarks offer more protection for your business’s name and other assets such
s
as logos, tagline etc
A generic term cannot be trademarked
Trade marking is separate process from establishing a trade name

Trade marking are not required by law but can make good business sense vis-à-vis
branding

R Business Registration
e
g
i
Usually requirement to establish your business’s legal name
s
Usually required before you can get obtain licenses, permits or insurance
t
r
Registration can be in three parts:
a
t
i
Pre-registration – name search/verification etc
o Registration – establishing business name as your own with relevant authorities
n Post-registration – getting tax id numbers, company seal etc


L Business Licenses & Permits
i
c Not the same process as trade name registration
e
n A license in usually required in order to conduct business legally and entering into
s contract
e
s Process, paperwork and costs vary by business structure, industry, country and state

& Permits are a separate process from a business license and registration

P Permits are usually required, along with a license, even if you work from home
e
r Multiple permits may be required depending on the industry you operate in
m
i Licenses and permits may not be transferable from one jurisdiction to another
t
s 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 8

B Business Insurance
u
s
i
Business insurance protects your investments
n
e There are many types of business and business related insurance policies
s
s Requirements depend on business industry and business’s assets

I A business may be required (or choose to) carry several types of coverage at one time
n
s Get help from a professional agent
u
r
a
n
c
e 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 9

D What To Do / What Not To Do
o
s
Do Don’t
a neglect your business insurance needs
secure and protect your trade name
n
verify what licenses, permits and expose your business to liabilities
d
insurance you are required to have operate without a required license or permit
D examine your assets to determine overlook trademarking your business name
o your net worth and exposure do it alone
n mitigate liabilities with a prevention plan
’ seek professional help
t
s


E
n
d
Thank you
o
f
Next Week
W
e Business Finances & Financing
e
k

T
Have a great weekend!
h
r Visit our blog for online tools and resources
e
e
www.baanabaana.com

Business Registration, Licenses, Permits & Insurance - Presentation

Recomendados

Recomendados

Mais conteúdo relacionado

Último

Último (20)

Destaque

Destaque (20)

Business Registration, Licenses, Permits & Insurance - Presentation