December 23, 2016 19:21
Published: April 13, 2016 15:14
If you have decided to start a new company on your own, then you’ve already taken the very first step in achieving your financial independence and increased freedom. With the right amount of work and definitely some luck, your company will provide you with a solid income every month. However, getting setup has a number of steps to follow. The process of registration must be properly carried out, either by yourself, or a reliable company formation agent. Here are the things that you need to consider to start a new company:
First you need to choose the kind of company that you desire to build. If this is your first time setting up a business, it’s highly advisable for you to start with a corporation. This kind of company separates your personal assets from the companies, and allows for much more security for you. If you choose to have a sole proprietorship or partnership, you will be responsible for all the legal hassles, and may greatly affect your assets including personal ones. Building a sole proprietorship can be a lot cheaper than the full-fledged corporation, but the additional cost involved in it is worth considering due to the security that you can get.
Next, you need to choose a unique, catchy name for you company. The name of your company mustn’t be used by other companies that are situated in similar area. There might also be extra rules that apply to the given name of your company. You can ask a company formation agent or an attorney regarding this matter for more information.
Once you have successfully and uniquely named your company, look for an address where your company office will permanently reside. The company registration can’t be completed without an address, which can be your home if you decide to list it there. Even if you start an online company, it needs to have an administrative office with a permanent physical address.
Once you have your permanent address you need to pay the fee at the local business registration office and complete several forms. You’ll also need the Articles of Association and Memorandum of Association documents and these can be prepared with the help and guidance of a good company formation agent or an attorney, or you can do it yourself. Once these documents are all prepared, you need to file them properly, which is the very last step involved in the registration process.
Lastly, after all have been settled and done, you need to have a reliable phone system provider as great and stable communication for businesses are very important. Through the help of Netcelerate, your phone system will have all of the features that large companies have, from an auto-attendant to 3-digit dialing. Check out the small business starter pack for an idea of the best way to get started.
Starting a new business can be complicated but is very worth it if you are driven to succeed. Best of luck moving forward, and please don’t forget to subscribe to our newsletter for more articles on telecommunications and entrepreneurship.