Formation of the company plays an important role in the success of your business and development. Get your business registered is the first step in creating your business, and one of the most important. A key component of business registration is the name of your company. Write a list of potential names that you want to identify your business. Choose a name that matches your product or service will help build the reputation of your business and promote your brand. Check the names which you have chosen is available and have the registration of state enterprises to ensure that you are now a legal entity. Then start taking the decision to include or not to incorporate import. There are four basic structures to operate under – sole proprietorship, partnership, LLC or corporation. Consider the pros and cons of each and choose which one works best for your business.