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7 Replies Last post: Dec 29, 2008 7:01 PM by funds29

New Business

Feb 24, 2008 10:25 AM

Click to view Blessed's profile Professional Blessed 3 posts since
Feb 24, 2008
I'm trying to start an investment business and I need a little direction. I have my EIN and business account in place but what are the other steps I need to take to be recognized as a business? Do I need to register with the State? Copyright my company name?
Tags: start-up, business, finance, cash_flow Report as inappropriate
Click to view LUCKIEST's profile SCORE LUCKIEST 7,927 posts since
Aug 6, 2007
1. Re: New Business Feb 24, 2008 12:40 PM
in response to: Blessed
Welcome to this web site. Do you know about SCORE. SCORE is FREE.
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Do you have an Accountant, a Lawyer?
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LUCKIEST
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Click to view Lighthouse24's profile Mogul Lighthouse24 2,396 posts since
Oct 10, 2007
2. Re: New Business Feb 24, 2008 12:57 PM
in response to: Blessed

Yes, you need to register your business with your state -- the process depends on the business structure you select and which state you're in. (Actually, I'm not sure how you were able to set up a business bank account without having done that already.) If you can provide some more information about your business, your location, and the steps you've taken so far we can probably offer more specific guidance.

No, you do not copyright a business name. Registration provides/ensures uniqueness in that jurisdiction to some degree (and you obviously can't give your business the same name as another business in the same industry/market), but issues beyond that such as trademarks are a few steps ahead of where you probably are at this point. Hope this helps, and that you can provide some additional info. Best wishes.
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Click to view Blessed's profile Professional Blessed 3 posts since
Feb 24, 2008
3. Re: New Business Feb 25, 2008 11:27 PM
in response to: Lighthouse24

IThank you for replying to my message, I'm in Illinois and I am trying to start-up an investment firm. I will be investing stocks and bonds, mutual funds, etc.. Tax leins, deeds will also be something I will also invest in. I have partnered up with two other investors. Money is not the issue it just the business side of things your having questions about. I currently have a sole proprietorship and want to incorporate it but I need someone to point me in the right direction.
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Click to view Lighthouse24's profile Mogul Lighthouse24 2,396 posts since
Oct 10, 2007
4. Re: New Business Feb 25, 2008 11:42 PM
in response to: Blessed

Have you visited your state's business portal? It has some very useful how-to guides:

http://business.illinois.gov/step_by_step_guides.cfm

That information should help point you in the right direction, but please feel free to post any specific follow-up questions you may have. Best wishes.

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Click to view Blessed's profile Professional Blessed 3 posts since
Feb 24, 2008
5. Re: New Business Feb 28, 2008 9:44 PM
in response to: Lighthouse24

Thank for the info! I have looked at the website and it was was very helpful. I was looking at grants and none of them seemed to be useful in my situation. Do you know of any grants that are available for investors? Thanks
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