Sencha business guide

Democratizing Access to business credit. Sencha is here to help everyone understand what it takes to start from scratch and transition to running a strong small business.  We are the business credit hub.

Make your business official
Getting your business registered is an important step. The way you register depends on where you're located and what kind of business you have.
Sencha is here to help everyone understand what it takes to start from scratch and transition to running a strong small business. 
Here's what you need to know:
Determine Your Business Type and Location
Your business structure and location determine how you register. You might need to register with the state, city, and county where you'll operate.
Federal Registration
Most small businesses don't need to register with the federal government, except for getting a federal tax ID. Some businesses register for trademark protection or tax-exempt status.
If you want to trademark your business name, you can do that with the United States Patent and Trademark Office (USPTO) once your business is formed.
For tax-exempt status (usually for nonprofit businesses), you register with the IRS.
State Registration
If your business is an LLC, corporation, partnership, or nonprofit, you'll likely need to register in any state where you do business activities.
You're usually considered doing business in a state if you have a physical presence there, meet clients there, make a lot of money there, or have employees working there.
You can usually register online or with the Secretary of State's office.
Get a Registered Agent
If your business is an LLC, corporation, partnership, or nonprofit, you'll need a registered agent. This is someone who gets official papers and legal documents for your business.
This agent must be in the state where you're registered.
You can hire a registered agent service if you don't want to do this yourself.
Foreign Qualification
If your business operates in multiple states, you might need to file for foreign qualification. This is important for LLCs, corporations, partnerships, or nonprofits.
Foreign qualification lets other states know about your activities there.
You might need to pay taxes and fees in both your formation state and the foreign states.
File State Documents and Fees
Registration costs are usually less than $300, but it varies by state and business type. You'll need to provide info like your business name, location, management structure, and registered agent details.
Register with Local Agencies
You might need licenses, permits, or a DBA (trade name or fictitious name) from your city or county. Check local government websites to find out what you need.
Stay Updated
After registration, you might need to provide reports to the state or file additional documentation with state tax boards or franchise tax boards. Check the specific requirements for your location and business type.
Staying up to date with registrations and requirements is crucial for your business's legality and smooth operation. Always make sure you're following the rules in your area.