Are you thinking of starting a notary business? One of the most important decisions that you will make is choosing the right name for your business. A great business name should be memorable, easy to spell, and relevant to the services you offer. Here are some tips to help you come up with the perfect…
Are you thinking of starting a notary business? One of the most important decisions that you will make is choosing the right name for your business. A great business name should be memorable, easy to spell, and relevant to the services you offer. Here are some tips to help you come up with the perfect name for your notary business.
In this guide, we’re going over 200 notary business names to help you brainstorm. We’re also sharing tips and steps for starting your notary business.
Why Start a Notary Business?
Notaries are authorized by the government to witness signatures on important legal documents, certify copies of official records, and administer oaths. They may also administer oaths and affirmations. A notary public’s duties vary by state but commonly include verifying the identity of the document signer, confirming that they signed willingly, and affixing their official seal.
Starting a notary business can be a low-risk, low-investment opportunity with a high demand for services. There are many reasons entrepreneurs will get into this space. Take a look at some of the benefits of starting a notary business.
Low Start-up Costs
Starting a notary business requires minimal investment, typically only a few hundred dollars for training, certification, and equipment. Compared to many other businesses, the start-up costs for a notary business are quite low. You’ll need to take a training course, which can typically be done online or in person for a few hundred dollars. After completing the course, you’ll need to pass a background check and an exam, which can also cost a few hundred dollars. Once you have the certification, you’ll need a notary seal, which costs around $40. Overall, the start-up cost for a notary business is very reasonable, making it an accessible option for people who want to start their own business.
As a notary, you can choose your work schedule and location. You can work from home or provide mobile services to clients, making it an excellent business option for those who value flexibility. Notaries are not typically tied to a specific location or business, which means that you can work from anywhere. If you choose to offer mobile services, you can travel to your client’s locations, which can be particularly convenient for busy professionals. This flexibility can be especially appealing to people who are looking for a part-time or side-hustle business.
Notaries are always in demand, especially in the legal, finance, and real estate industries. You’ll always have clients who need documents notarized. Many documents require notarization, including legal, real estate, and financial documents. As a notary, you’ll be able to provide a valuable service to clients who need their documents notarized quickly and accurately. This demand means that there is always an opportunity for notaries to find work and build their businesses.
Easy to Start
Becoming a notary public is a relatively simple process that typically involves taking a short course, and passing a background check and an exam. The process of becoming a notary public is typically straightforward and can be completed in a relatively short amount of time. The requirements vary by state, but in most cases, they are the same as mentioned above. Once you have completed these steps and received your certification, you’ll be ready to offer notary services.
Additional Revenue Stream
If you already own a business, adding notary services can be a great way to expand your offerings and attract new clients. By providing notary services, you’ll be able to offer a valuable service to your clients and generate additional revenue for your business. Moreover, if you have a network of clients or colleagues who may need notary services, you can offer them as an additional service, which can help to strengthen your relationships and increase your income.
200 Notary Business Names
When starting a notary business, one of the most important decisions you will make is choosing a business name. The name you select will be the face of your business, so it is critical to choose wisely.
Check out our list of 200 notary business names for some inspiration:
*Note: The names listed above are intended for inspiration only. Names may be in use and/or availability may be subject to change.
Remember your business name must be 100% unique to your state. You can find out if a notary company name is available in your state by searching through your state’s LLC database.
How to Start a Notary Business? 8 Steps
Starting a notary business can be a lucrative and rewarding career path for individuals interested in legal or business services. Take a look at some of the steps to getting started so you’ll know exactly what to expect.
1. Check Your State’s Requirements
The first step in starting a notary business is to check the requirements for your state. Each state has its own requirements for becoming a notary public. Typically, you will need to meet certain qualifications, complete an education course, and pass an exam. You can find this information on the website of your state’s Secretary of State or other relevant agencies.
2. Get the Necessary Training
Once you know the requirements, you may need to take a notary training course. These courses are designed to provide you with the knowledge and skills necessary to perform notary duties. They are often available online or in person and cover notary laws, ethics, and practices. In some states, you may also need to complete an apprenticeship with a practicing notary.
3. Pass the Exam
Most states require notary applicants to pass an exam. This exam typically covers the laws and regulations related to notary public duties, as well as best practices for notarizing documents. Check with your state to learn more about the exam requirements and schedule.
4. Obtain the Necessary Supplies
To operate as a notary, you will need a notary seal, a notary journal, and other supplies. You can typically purchase these from a notary supply company. The notary seal is used to authenticate your signature on documents, and the notary journal is used to record details about each notarization.
5. Obtain Your Notary Commission
Once you have completed the required training and passed the exam, you will need to obtain your notary commission from your state. This usually involves submitting an application and paying a fee. Your notary commission will be valid for a set period, typically four years.
6. Set Up Your Business
Decide on the location and structure of your business. You can work from home or set up an office, depending on your preference. You’ll also need to set up a website and get business cards and other marketing materials. Consider creating a business plan to help you organize your goals and strategies.
7. Choose a Business Structure and Register
Choosing the right business structure is an important decision when starting a notary business as it can affect your personal liability, taxes, and the management of the business. Here are some common business structures to consider:
This is the simplest and most common business structure, where the business is owned and operated by one person. As a sole proprietor, you are personally responsible for all the business’s debts and obligations. You will file your business income and expenses on your personal tax return.
Limited Liability Company (LLC)
An LLC provides personal liability protection for its owners (known as members), which means their personal assets are separate from the business. This structure also offers flexibility in management and tax treatment. Members can choose to be taxed as a sole proprietorship, partnership, S corporation, or C corporation.
A corporation is a separate legal entity from its owners (known as shareholders), providing personal liability protection. Corporations have a board of directors that oversee major decisions, and shareholders that elect the board. There are two types of corporations: C corporations and S corporations. C corporations are taxed separately from their owners, while S corporations are not taxed at the corporate level, and instead, profits and losses are passed through to the shareholders’ personal tax returns.
A partnership is a business structure where two or more people own and operate the business. Partnerships can be general partnerships or limited partnerships. In a general partnership, all partners are responsible for the business’s debts and obligations. In a limited partnership, there are general partners who manage the business and limited partners who invest in the business but do not participate in the management.
8. Start Networking and Marketing
Begin promoting your services to potential clients. Attend networking events, advertise online, and reach out to businesses that may need notary services. You can also consider partnering with other businesses, such as law firms or real estate agencies, to offer notary services to their clients. Build relationships with your clients and provide excellent customer service to encourage repeat business and referrals.
Get Ready to Write Your Success Story
Starting a notary business can be a profitable and flexible career option for those who enjoy working with legal documents and helping others. With low start-up costs, high demand, and minimal educational requirements, becoming a notary is an accessible and lucrative opportunity.As you start your new notary business, make sure to explore and capitalize on all the small business tools and resources offered by doola. You can use doola to optimize a variety of critical small business functions – from business banking, bookkeeping, tax management, and much more.
What are the basic requirements to become a notary public?
To become a notary public, you must be at least 18 years of age, pass a background check, and complete a state-approved notary training program.
How do I obtain a notary public commission in my state?
You can obtain a notary public commission by submitting an application to your state’s Secretary of State office or other designated authorities. Different states have different requirements and costs associated with obtaining a notary commission.
How much can a notary public charge for their services?
Notary fees vary by state and type of service, but they are typically capped by law. Always check your state’s regulations before setting a fee.
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