Strategic Startup Solutions: Consulting on Setting Up Your Company

Starting a company involves navigating through a series of legal and procedural steps. In this comprehensive guide, we'll explore the key considerations and steps to establish a company successfully. So, what doess dissolving a limited company mean? ACC Group will address your question.

I. What is the significance of consulting on setting up a company?

1. Why Establish a Company?

1.1 Issuing Value-Added Tax Invoices

When your business activities necessitate issuing value-added tax invoices, establishing a company becomes imperative. We delve into the significance of VAT invoices and how they impact your business operations.

1.2 Legal Entity Status for Contracts

Explore why acquiring legal entity status is crucial, especially when entering into buying, manufacturing, and service provision contracts. Understand the advantages of having a recognized legal entity in contractual agreements.

1.3 Legalizing Business Operations

Uncover the importance of legalizing your business operations in compliance with regulations. We discuss how this step not only ensures legality but also builds trust with stakeholders.

2. Conditions for Establishing a Company

2.1 Legal Representative and Owner Requirements

Learn about the prerequisites for legal representatives and owners, including age, identification, and legal prohibitions. We break down the essential criteria that individuals must meet to establish a company.

2.2 Company Address Criteria

Understand the conditions for a company's designated address, emphasizing the non-residential nature of the location. Discover why a residential apartment is not suitable and the implications it may have.

2.3 Company Name Regulations

Explore the regulations surrounding company names, emphasizing the prohibition of duplication or causing confusion with existing company names. Learn how to choose a unique and distinctive name.

2.4 Charter Capital Determination

Dive into the concept of charter capital and its role in business registration. We explain how to determine the capital and the timeframe for contribution, ensuring compliance with legal requirements.

2.5 Business Sector and Type Considerations

Discover the importance of choosing a permissible business sector and the suitable type of organization based on various criteria. Gain insights into factors such as tax liability, legal aspects, and scalability.

3. General Procedure for Establishing a New Company (from 07/10/2023)

3.1 Stage 1: Prepare Business Dossier

Understand the initial stage of preparing all necessary information for the business dossier. We provide a detailed checklist to ensure completeness and accuracy.

3.2 Stage 2: Draft and Submit Dossier

Explore the second stage involving the drafting and submission of the company establishment dossier. Learn about the key documents required and the submission process.

3.3 Stage 3: Submit and Publish Announcement

Delve into the third stage, focusing on submitting the dossier and publishing the announcement. Understand the significance of this step in the legal establishment of the company.

3.4 Stage 4: Create Legal Seal

Learn about the fourth stage of creating the company's legal seal. Understand the purpose and legal implications of the company seal in various transactions.

3.5 Stage 5: Post-Establishment Procedures

Discover the procedures that follow the official establishment of the company. Gain insights into ongoing requirements and responsibilities.

4. Results After Completing Legal Procedures

4.1 Certificate of Business Registration

Explore the significance of the Certificate of Business Registration and its implications for your company's legal standing.

4.2 Company's Legal Seal and Confirmation

Understand the role of the company's legal seal and the confirmation of the seal engraving template in official transactions.

4.3 Company's Charter and Documentation

Delve into the documentation that accompanies the establishment, including the Establishment Announcement, Certificate of Capital Contribution, Member Registration Book, Business Registration Application, and Company's Charter.

4.4 Tax-related Documents

Explore the array of tax-related documents, from value-added tax invoices to electronic tax filing submissions and digital signature usage.

III. Conclusion

Establishing a company involves meticulous planning and adherence to legal procedures. By understanding the intricacies of the process, you ensure a smooth journey toward building a legally recognized and operational business.

Frequently Asked Questions

1. Q: How long does it take to establish a company?

A: The timeframe varies, but on average, it takes several weeks to complete all legal procedures and obtain the necessary certifications.

2. Q: Can I establish a company if I am under 18 years old?

A: No, the legal age requirement for a company owner or legal representative is at least 18 years old.

3. Q: What happens if my company name is similar to an existing one?

A: To avoid confusion, you must choose a unique company name that does not duplicate or cause confusion with previously established companies.

4. Q: Is a residential apartment a suitable company address?

A: No, a designated company address must not be a residential apartment. It should be a non-residential location.