Entrepreneurs in eCommerce need to know how to register company online, especially when starting their entrepreneurial journey. Your online store will be registered as a legal entity. This protects you from any lawsuits filed by your competitors or customers.
It can seem daunting for Sdn bhd registration if you are new to this concept. This article will help you understand the steps in registering a small business here in Malaysia.
Soon you will be able to register your company and receive the legal security and stability that individuals who just started an online business requirements.
What Do I Need To Register My Business?
While you can operate a business without registering it, it is a bright idea to incorporate it when your business grows. Businesses are made official by the government. It also ensures that both your assets and business assets remain legally secure.
Steps to Register Your Business
Although it is not difficult to register your business, you will need to follow the correct steps. You must follow these steps to register your business as a legal entity.
Name Your Business
Every eCommerce entrepreneur must first decide on a name for their online business. It would help to choose a memorable name for your online shop before you begin to register SSM online. It should be something that will grab the attention of your customers and make a lasting impression. You should ensure that your name is relevant to your niche and you can build a marketing strategy around it.
Choosing a name for your business that will last can be challenging. Please look at your competition and compare the names they are using. Please look at the names of eCommerce businesses you like, and compare your idea with them. Is your idea unique? What can you do to make your idea stand out from the rest? You can use the business name generator before beginning company incorporation to get some ideas for your business name.
Registering a Business Name
You’ve just created a name for your eCommerce company. This is the easiest part of registering an eCommerce company. It is crucial to ensure that your business name has not been registered with the patent and trademark office. Any registration of a business name already registered in the system will be rejected. The application will be rejected, and you’ll lose all processing fees.
Avoid these problems by checking your local business directories to see if the name you are interested in using is available before setting up a company. You can use the free search tool to check if your business name exists.
Future-Proof Your Business Name
Once you have chosen a memorable name for your business, consider the long-term goals. Is your business name future-proof? Is it able to withstand the test of time?
Avoid choosing a business name that is influenced by a current trend. If you name it “Selfie Stick Corporation,” you may be successful initially with your eCommerce company, ” but what popularity will you have over the years?
Before registering your company, it is crucial to consider the name’s durability. It will be challenging to change your name later. Changing your name after you have established an eCommerce company is challenging. This can also confuse existing customers.
How to Choose Your Business Entity
Once you have chosen a name for your online business, the next step is to select a company secretarial service that best suits your online store. You have two options: incorporation or registering your company as an LLC. We have broken down the key points so that you can make an informed decision about which option is best for you.