Notary Business Setup in 7 Easy Steps
Introduction
- Video by Amber of Amber on Demand focusing on setting up a notary business.
- Aimed at individuals ready to start and committed to putting in the work.
- Overview of setting up a notary business in 7 steps.
Step 1: Obtain Your Notary Commission
- Apply for a notary commission as a priority.
- Process takes time (weeks to months); start early.
- Steps:
- Search online for your state's notary public application on a
.gov website.
- Follow instructions: submit info, pay fees, complete a background check.
- Some states require exams or courses.
Step 2: Choose a Business Name
- Use relevant keywords for better searchability (e.g., "notary," "mobile").
- Keep it simple and memorable.
- Check availability with the state department and US trademark sites.
- Reflect your branding and local area in the name.
Step 3: Decide on Legal Structure
- Options: Sole Proprietorship, LLC, C Corporation, S Corporation.
- Sole Proprietorship: Simple, easy, least expensive, personal tax filing.
- LLC: Offers liability protection, tax flexibility, credibility.
- C and S Corporations: Provide strong asset protection, potential tax benefits.
- Consult with a tax professional for guidance.
Step 4: Acquire Notary Supplies
- Essential supplies: notary stamp, journal.
- Office supplies: paper clips, pens, stapler, commercial printer.
- Order business cards and marketing materials.
Step 5: Establish Pricing
- Conduct competitor analysis to set competitive pricing.
- Adjust pricing based on local demographics.
- Note differences in pricing strategies for in-person and online services.
Step 6: Develop a Business Plan
- Essential for guiding the business and securing funding.
- Include service offerings, target client identification, marketing strategy.
- Use a structured business plan to apply for business credit and grants.
Step 7: Build an Online Presence
- Create a website to showcase your services.
- Use platforms like Wix for comprehensive tools.
- Establish a Google Business Profile; keep it updated.
- List business in online directories (e.g., Notary.com, National Notary Association).
- Create social media profiles (LinkedIn recommended for networking).
Conclusion
- These seven steps provide a structured path to establish and grow a notary business successfully.
- Engagement and networking opportunities like the Empower Notary Conference are encouraged.
Note: Additional resources and classes offered by Amber for deeper dives into specific topics.