If you are thinking about starting a new business, you have many things to think about. Where will your business be located? Do you want a physical storefront or just an online store? These questions all lead up to one of the biggest decisions you will make for your company. There are vast differences between the two, which means you need to give your decision careful consideration. A storefront requires more capital than an Internet-only store because of the overhead, need to rent space, inventory and employees. An Internet-only operation can virtually be run from your own home, eliminating the need for a lot of capital and employees. If you decide to start a business in New Jersey online, there are still many factors to consider before starting up.
If you already have a name for your business, chances are you will want that name with a dot com at the end to be your web address. Unfortunately, it’s not that easy. Your domain name has to be registered and unique. If someone already has your company name with a dot com or dot net, you cannot use it. When you attempt to register your domain name with your chosen host, they will let you know if your domain name is available. You should take it one step further, however, and check with the U.S. Trademark Electronic Search System to ensure there are no existing trademarks or protections of your chosen name as well.
When you start a business online in New Jersey and are going to be selling a product or service that is unique, you probably want to keep it solely for your company. This requires a patent. While patents can become costly with all the legal fees involved, you can apply for a temporary patent at the U.S. Patent and Trademark office. This will give you time to determine if you want a full patent or to find the capital to fund that patent.
Privacy policies are important to consumers who shop on the Internet. If you will collect any private information, you should have a notice stating exactly how that information will be used in the future. The promise you make in that notice should be kept to keep loyal customers and legal battles off your hands.
It is fairly simple to start a business in New Jersey online as long as you take the time to follow the simple rules that keep everything in order for online businesses. The laws and rules are vastly different from owning a storefront. Taking the time to familiarize yourself with the laws and rules before starting your business will ensure your success.
Get some advice on starting a business in New Jersey online, visit NJSBDC.com.
start a business in new jersey