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Business Registration, Licenses, Permits & Insurance - Presentation

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The idea of owning running a business is exciting and can be very rewarding. However, becoming a successful business owner can also be very challenging. It requires the right mindset, perspective, ...

The idea of owning running a business is exciting and can be very rewarding. However, becoming a successful business owner can also be very challenging. It requires the right mindset, perspective, attitude, traits & know-how.

Our Free Business Training is designed to give you an insight into what it means to own a business and provide you with the basics to get you started off on the path to success.

This compact but complete 10 session program will cover topics from accessing if business ownership is the right path for you, planning, opening your business to growing and expanding.

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Business Registration, Licenses, Permits & Insurance  - Presentation Business Registration, Licenses, Permits & Insurance - Presentation Presentation Transcript

  • Welcome To Our Free Business Training Webinar Business Registration, Licenses, Permits, Insurance1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 1 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • Tr Training Overviewai Topicsn Is Business Ownership For you?i Writing Your Business Planng Business Organization Business Registration, Licenses, Permits, InsuranceO Business Finances & Financingv Business Locationer Tools, Technology & Equipmentv Staffingi Marketing & Openinge Growing & Expandingw 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 2 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • We Business Registration, Licenses, Permits, Insuranceek Trade Names/Doing Business As (DBA)F Trademarksou Registrationr Licenses & PermitsTo Insurancepic What To Do / What Not To Dos 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 3 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • W What Is Required?ha Registration, licenses, permits and insurance requirements:t vary by type of business entityis Requirements vary between the formal and informal business sectorsR Requirements also vary from country to country and within a countryeq Procedures, amount of paperwork, timeframe, costs and common practices alsou vary by business entity, sector, profession, country, states and even citiesired? 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 4 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • D Trade Names/DBABA Trade name or Doing Business As (DBA) is the official, legal name of a company.An Also known as an assumed name or a fictitious business named A trade is required unless you are using your real name to do businessTr Corporations and LLC can also use trade namesad Trade names are more professional and are required by most banks to open ae business accountma Trade names generally need to be legally established/registered in most casesrk A unique or catchy trade name can go a long way in branding your companys 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 5 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • T Trademarksrad 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 ofm others”ar If the source is service rather than goods, the word service mark is usedk Trademarks offer more protection for your business’s name and other assets suchs 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 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 6 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • R Business Registrationegi Usually requirement to establish your business’s legal names Usually required before you can get obtain licenses, permits or insurancetr Registration can be in three parts:ati Pre-registration – name search/verification etco Registration – establishing business name as your own with relevant authoritiesn Post-registration – getting tax id numbers, company seal etc 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 7 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • L Business Licenses & Permitsic Not the same process as trade name registrationen A license in usually required in order to conduct business legally and entering intos contractes Process, paperwork and costs vary by business structure, industry, country and state& Permits are a separate process from a business license and registrationP Permits are usually required, along with a license, even if you work from homeer Multiple permits may be required depending on the industry you operate inmi Licenses and permits may not be transferable from one jurisdiction to anotherts 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 8 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • B Business Insuranceusi Business insurance protects your investmentsne There are many types of business and business related insurance policiesss Requirements depend on business industry and business’s assetsI A business may be required (or choose to) carry several types of coverage at one timens Get help from a professional agenturance 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 9 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • D What To Do / What Not To Doos Do Don’ta neglect your business insurance needs secure and protect your trade namen verify what licenses, permits and expose your business to liabilitiesd insurance you are required to have operate without a required license or permitD examine your assets to determine overlook trademarking your business nameo your net worth and exposure do it alonen mitigate liabilities with a prevention plan’ seek professional helpts 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 10 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com
  • End Thank youof Next WeekWe Business Finances & FinancingekT Have a great weekend!hr Visit our blog for online tools and resourcesee www.baanabaana.com 1/25/2013 Free Online Business Training - Week Four – Registration, Licenses, Permits, Insurance 11 www.baanabaana.com | Facebook.com/Baanabaana | @Baanabaana | info@baanabaana.com