How to Start a Business Or Company | Simple Steps

Every job holder once in life has a dream of opening a business or starting a company that gives the profits. Many new businesses start and end when they don’t follow the proper business ideas or plans. Here in this article, we are writing the practical steps for “How to Start a Business.”

Here are simple steps to follow to be a business owner or company proprietor:

1. Choose the Type of Company 

If you already have the business idea you want to develop and think it will bring you economic benefit, it is time to decide on the type of company that best suits your business. You can find public limited companies, partnerships, joint ownership, etc.

2. Company Name Registration

Possibly, before choosing the type of company that best suits your business, you have had a name in mind for it. Well, at this point, it is time to check if that company name is available to be used in your business, or, on the contrary, you need to think of another.

You can go to a registry office or do it online to carry out this name verification. In this way, the Registry will inform us if the name we have chosen for our business is unique and exclusive.

3. Financing the Project

Before proceeding with the complete registration of the company, a monetary amount, known as social capital, must be deposited in a bank. This amount will be higher or lower depending on the type of company chosen in step 1.

4. Application for Tax Agency

The agency will serve to identify your company in the future. To obtain it, you must go to any office of the Tax Agency and submit the provisional documentation, a copy of the company’s construction deed, and a copy of its bylaws.

Before six months of this provisional documentation have elapsed, the definitive documentation must be delivered, including the company deed.

5. Creation of the Company

With all of the above fulfilled and carried out, the partner or partners of the companies must sign a public deed before a notary that reflects the company’s creation.

6. Registration of the Company in the Registry Office

With the previous step, the company is not yet entirely created. Before this occurs, you will have to go to the registry of the province where the company is domiciled.

The company’s registration in the registry will give the partner or partners of the company complete legal competence of the same.

7. Register for the Tax on Economic Activities (IAE)

Knowing already the business activity that will be carried out in our company, you must go to an office of the Tax Agency and register for this tax.

8. Legalize the Company’s Book

The company book will include the inventory book, the annual account book, and the company’s daily book. To legalize it, go to the registry of the province where the company is located. They’ll put a certificate on the first page of each book and a registry stamp on the rest.

9. Trademark Registration

The last step before the final start-up of the company is to register all the words, images, or logos that will identify the company.

This registration must be done in the Patent and Trademark Office, despite having previously registered the company’s name in the Registry. This new registration is done to protect the trademark against fraudulent use that may be made of it.

10. Start-up of the Company

We are ready to set up our business with all the previous procedures already carried out and approved correctly. Depending on the type of company that has been chosen to set up, we will have to carry out some extra procedures or not.

If our business has a direct and personal relationship with the client, the company must have privacy policies that guarantee a personal relationship with the client. These policies must be visible at all times to the client.

By following all these above 10 steps, one common man with no knowledge can also start a business or company in simple steps.