Now that you’ve done your industry research, dreamed of beautiful Hawaii office space, and understand all of the perks that Honolulu provides any business, it is time to start doing the actual work, and procure your Hawaii business license.
While most states require a complex process, business registration in Hawaii is fairly simple and straightforward. Follow these steps and you’ll be well on your way to doing business in The Aloha State.
Step 1: Choose Your Business Entity
Whether you are a corporation, partnership, limited liability company, or limited liability partnership, you must register your business with the Hawaii Department of Commerce and Consumer Affairs, Business Register Division (also known as BREG).
But before you can start the registration process, you must choose which type of legal entity you will be filing your company under. This is mostly dependent on your specific needs as a business. And it will most likely benefit you to talk to an expert to ensure you make the right decision.
Step 2: Identify a Business Name
Everyone’s naming process works differently. For some, it is important to know the business naming rules before brainstorming ideas. For others, they’d prefer to check a name against the rules later. Make that determination for yourself, but keep in mind that there are rules.
Brainstorm a couple of ideas that fit your idea of what your company is and will be. Once you have a few you really like, search through other companies to see if someone already has the same, or a similar, name.
This search is important, and will probably rule out a few ideas, because you can’t have the same name as an existing business. Once you have a name that meets all the requirements, you are ready to submit it for review to BREG.
Step 3: File Your Hawaii Business Registration
Hawaii prides itself in having a simple registration process. The Hawaii government offers a few simple, online solutions: Wizard or Quickfile. If you need guidance through the registration process, use the Wizard option. If you know the exact form you need, use the QuickFile option.
A few other facts you might want to keep in mind about obtaining your Hawaii business license, include:
There are of course fees associated with filing for business registration in the State of Hawaii. But the department has broken down the fees into schedules for each type of entity, including: Profit Corporations, Nonprofit Corporations, General Partnerships, and so on.
To learn more refer to the State of Hawaii fee schedule.
Hawaii has been stepping up its game, and tries to accomplish filing in as few as 3 to 5 working days. If you choose to expedite filing it can be done in 1 to 3 working days.
Starting a new business adventure is exciting, but starting it in Hawaii is truly magical. And with Hawaii’s easy business registration process, your sure to be building your business in no time.
About the Author: Jeff Reinstein has been the Chief Executive Officer of Premier Business Centers since 2002. When he’s not at work, he enjoys surfing, fishing, and mountain biking.