The first steps to establish a company: tips and recommendations
Table of Contents
1. Make a business plan
Before beginning any process of establishing a company, it is essential to prepare a detailed business plan that includes the business idea, the market it is targeting, costs, competition and financial projections.
2. Define the legal form of the company
It is important to determine if the company will be a limited company, a public limited company, a cooperative, among other legal forms. Each one has its own characteristics and legal requirements.
3. Commercial registry
Once the legal form of the company has been defined, it is necessary to register it in the Commercial Registry corresponding to the jurisdiction where the company will be established.
4. Obtain the necessary permits and licenses
Depending on the type of economic activity carried out by the company, it will be necessary to obtain the corresponding permits and licenses from the competent authorities.
5. Open a business bank account
It is advisable to open a bank account exclusively for the company to separate personal finances from business finances and facilitate the management of company income and expenses.
Frequent questions
How long does it take to establish a company?
The time to establish a company may vary depending on the legal form chosen and the procedures required in each jurisdiction, but in general it can take between a few weeks to several months.
What is the best legal form for a new company?
There is no legal form that is best for all companies, since it will depend on various factors such as the size of the company, the number of partners, limited or unlimited liability, among others. It is recommended to consult with a legal or accounting advisor to determine the most appropriate legal form.
How much does it cost to establish a company?
The cost of establishing a company can also vary depending on the legal form, the necessary procedures and the jurisdiction. It is important to keep in mind that there will be expenses associated with commercial registration, obtaining licenses, legal advice, among others.
