In any country, there exist laws governing incorporation of a business entity. Incorporation ensures that the government is aware of all the businesses that are operating in a country and their activities.This will ensure that no illegal business entity thrives and exist to perpetuate its illegal activities. Indeed, many countries employ officials to go round the urban and rural areas checking whether there is any business that is operating without business permits and other registration documents that are required by the law.
To this end, all business entities are supposed to present their registration requests and documents to central government registration offices in order to obtain such registration certificates. There is need for an entrepreneur to conduct background research in order to have information on what is required if a business name is to be registered without hitches and other forms of problems. The initial stage is usually the name search. An individual is supposed to come up with several names that they think their businesses can take as identity. Check out more at licensed customs broker in Canberra.
These names should be searched at the registration offices in order to ensure that no other similar names are on record. The names should be distinct and different. They should not be too close to the already existing names. As a result of this search, the entrepreneur will be given the results and advised on what to do next. They will have an opportunity to select the best name from the list of the names provided and searched. Many countries do not charge these services and even those that charge levies a very small fee for it.
After the name search has been concluded, the entrepreneur is required to present their preferred name for further registration process. The registrar’s office will assess the amount of duty payable to the government. This will be followed by payment by the entrepreneur and after such payments have been paid, the registrar will take the documents and instruct their officers to register the business and give a certificate of registration. However, the entrepreneur will have to exercise restraint as the registration process will take some time to conclude. After the registration has been finalized and a registration certificate issued, the customs broker can commence their business and carry on with their activities. The certificate of registration acts the birth certificate for the business.
In many countries, new business entities will be required to obtain business permits from the local authorities as in some countries such a permit is important for the survival of the business. Many entrepreneurs are oblivious of this requirement and they should be advised accordingly that this is likely to land them in problems at the end of the day. They should ensure that no stone is left unturned.
A business dealing with customs tariff is very sensitive. It may be required to collect tariffs on behalf of the local authority hence there is need to ensure that it is known within the local authority’s circles. This will help in networking the business.