When starting a company, there is a decision you need to make on the structures and each businesses structures has its own set of merits and demerits. However this will be influenced by your business's needs, location and other particular needs. You can also seek advice if you are not sure about the pros and cons.
Picking a name for your business should be your first step. The name should be a perfect representation of who you are as a business, what you do, the process of doing it and target audience. The audience should be able to understand it as well as remember it. After you have come up with a name, you need to check if it is available, and you should have an alternative in case the first option is not.
Identify the suitable location for your business. This doesn't have to be necessarily where you reside. You can choose any place you want; you can even decide on offshore incorporation. However, you will need to be familiar with the laws, taxes and the cost of incorporation. Going for a location within your home is easier, but you can also go beyond the border for greater rewards. If you want to incorporate your company in Uruguay for instance, you will need to learn about their legal structure. Like there is the SAFI- Sociedad Anonima Fianciera de Inversion which is the investment financial corporation, SA Sociedade Anominas which is the corporations legal entity among others. The body you will decide on will be determined by your company's wants and requirements.
Also, you need to select the company directors. This will depend on the location or state you want to incorporate your business. For instance, company incorporation in Uruguay will require you a minimum of one of one stakeholder and director and the good thing is that it is not mandatory that the board of directors should be residences there.
Next, you need to get and complete an incorporation document in the state or location you want to start your business. It should have your business's name, location and the drive of your business as well as other business information. In company incorporation in Uruguay, you will get after completion of registry with the National Registry of Commerce.
Then you will need to open a bank account for your company. This will be after you have obtained your Ta Company Tax ID if you are incorporating a company in Uruguay. Other states may have differing procedures.
When starting a company, there is a decision you need to make on the structures and each businesses structures has its own set of merits and demerits. However this will be influenced by your business's needs, location and other particular needs. You can also seek advice if you are not sure about the pros and cons.
Picking a name for your business should be your first step. The name should be a perfect representation of who you are as a business, what you do, the process of doing it and target audience. The audience should be able to understand it as well as remember it. After you have come up with a name, you need to check if it is available, and you should have an alternative in case the first option is not. Learn about Company Formation Brazil here!
Identify the suitable location for your business. This doesn't have to be necessarily where you reside. You can choose any place you want; you can even decide on offshore incorporation. However, you will need to be familiar with the laws, taxes and the cost of incorporation. Going for a location within your home is easier, but you can also go beyond the border for greater rewards. If you want to incorporate your company in Uruguay for instance, you will need to learn about their legal structure. Like there is the SAFI- Sociedad Anonima Fianciera de Inversion which is the investment financial corporation, SA Sociedade Anominas which is the corporations legal entity among others. The body you will decide on will be determined by your company's wants and requirements. Discover how to Create Company Uruguay now.
