Business Registration Form

Business Registration Form
As you prepare to submit the Business Registration Form, refer to the corresponding tasks and resources listed below (Hub / Curriculum / Business Registration):
- BR Task 1 - Forms of Business Ownership
- BR Task 2 - Develop Your Business Idea, Business Rationale & Target Market
- BR Task 3 - Develop a Preliminary Company Budget & Financing Request
- BR Task 4 - Submit Registration Form
Firm Contact Information
Firm Name*
Current Firm Name in the Hub*
i.e. TBD1
Employer Identification Number (PF Code)*
Your firm's PF Code (Go to Hub / Marketplace Tools / Firm Admin on the top left)
Does your firm need an official VE email address? (recommended)*

YesNo
Firm Contact Email*
This will be the primary contact email address for the company and should be updated in Firm Profile on Marketplace Tools. If you are requesting an @veinternational.org, you can enter the facilitator email for now.
Upon submission and approval of this form, you will receive an email address ending in @veinternational.org. This will be the primary contact email address for the company and should be updated in the Firm Profile (Hub / Marketplace Tools / Firm Admin / Firm Profile).

Please note that VE uses Google Apps for Education when generating firm email addresses, thus access to Gmail is required. If you cannot access Gmail in your classroom or school, please contact your school's IT department.
School Name*
District / County*
Please choose one of the following*

High SchoolCollege
Address*

Street Address

Street Address Line 2

CityState

Zip Code
Please select your VE Region*
Facilitator Contact Information
VE Facilitator Name*

First NameLast Name
VE Facilitator Email*
VE Facilitator Phone Number*

Area CodePhone Number
Firm Information
Please choose one of the following*

New FirmExisting Firm
Current Bank Account Balance *
Number of employees*
Did you use design thinking to conceptualize your business idea?*

YesNo
Please provide an overview of your business concept or idea. What products or services will your company offer? Why is there a need for this? What problem are you solving?*
Describe your company's target market. Be specific! Who, exactly, will be your customer? Include Demographic, Geographic, and/or Psychographic attributes.*
Describe the basics of your company's marketing plan: Product, Price, Placement, Promotion*
Application for Incorporation
All firms are responsible for the tax implications of the ownership structure they choose. Read about the different types of corporations in BR Task 1 - Forms of Business Ownership and conduct additional research as needed.

This section is only required for new firms. However, existing firms are strongly urged to update their information.
Legal Name of Company*
Please select type of business structure.*

B CorporationC CorporationS CorporationLimited Liability Company (LLC)
Why did you choose this type of business structure?*
Duration of the Corporation*

One-YearPerpetualOther
Firm Budget Information

Monthly Budget
Initial Budget (MONTHLY):

Provide details regarding your firm's estimated MONTHLY expenses. Refer to Business Registration Task 3 to compile the estimates. Note: This is an estimate and does not need to be exact for submission.
(a) Payroll *
(b) Rent*
(c) Utilities*
(d) Advertising/Promotion*
(e) Other 1*
(f) Other 2*
(g) Other 3*
Describe the "Other" Expenses:
Insurance, shipping, legal fees, packaging, consultant, etc.
Total Monthly Expenses ($) - (add a-f)*
One-Time Expenses:

New Firms: Please provide cost estimates for the following one-time asset purchases.

Existing Firms: Please provide the book value of the assets below as of 5/1/21 (taken from the Asset Log).
(h) Initial Inventory Purchases for beginning sales*
(i) Computers*
(j) Office Furniture & Fixtures*
(k) Equipment*
(l) Office Supplies*
(m) Other*
Describe the "Other" Expenses:
Total One-Time Expenses ($) - (h-m)*
Request for Equity Financing for New Firms
Request for Equity Financing (Seed Money) in exchange for common stock

Information on recording this transaction on QuickBooks can be found on Hub / Curriculum / ACCT Task 3 - Record Income in QuickBooks.

All new firms will receive $50,000 in seed money to begin their business operations. Seed money is provided as equity financing in exchange for shares of stock in the company.

How to Account for Seed Money:

When your request is approved, you will receive a deposit of funds in your bank account. This amount should be recorded in the cash journal as a cash receipt and reflected in the cash budget as an "other cash receipt". It should also be reflected in the balance sheet (added to Assets: Cash, and added to Stockholder’s Equity: Common Stock). Each share of VE company stock has a par value of $10. This amount of money becomes the value of your Common Stock (for example, if you are given $50,000 in seed money: you will have issued 5,000 shares of common stock at a $10 par value for a total value of $50,000).
Additional Sources of Operating Capital
Facilitator Signature

Clear
Attestation that the facilitator has reviewed the business registration.
Most likely, your firm may need additional sources of funding to support your business expenses. Additional sources of operating capital can be acquired through the following methods:
1. Angel Investors (Equity Financing)
2. Small Business Loans (Debt Financing)
3. Out-of-Network Sales and Contracts
Information on these additional sources of operating capital can be found on Hub / Curriculum / FIN Task 3, 4, 5, and 6.
Should be Empty:

Business Registration Form

Firm Contact Information

Facilitator Contact Information

Firm Information

Application for Incorporation

Firm Budget Information

Request for Equity Financing for New Firms

Additional Sources of Operating Capital