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Steps to Set Up Your Business
Establish the business.
Complete other business registrations.
Apply for licenses and permits.
Meet requirements specific to your industry.
Establish the Business
- Select and register your business name as an entity (check at the state level what is required).
- If you also want a trademark, obtain it through the U.S. Patent and Trademark Office.
- Select your domain name for your website.
- Obtain federal and state tax id’s.
Challenge:
Complete some research on potential names for a new business to learn some of the challenges involved in finding a name. The startup you are researching will produce a device that takes a new approach to physical therapy robotics.
Select potential name(s) from the following options to learn if they will be acceptable:
Robotherapy
This is actually a newform of psychological counseling. Choose a better option.
AutoWorkOut
In market research, this name was discovered to make people think the product is for exercising without any effort. Choose a better option.
PT Robotic Solutions
This name is not in use, not similar to existing names, not misunderstood, and available as a domain name for the company website.
Tip: Select your new business domain name (url) and business name at the same time, because one may affect the other, and the availability of ideal business or domain names is not guaranteed.
