THE IMPORTANCE OF ACCURATE REGISTRATION WHEN OPENING YOUR BUSINESS

Opening a company is a significant and challenging step for many entrepreneurs who want to formalize their business and obtain tax and legal advantages. The procedure involves several important considerations, and complying with the law is complex and essential. We at SDC Global Services can guide you through the incorporation process.

Before we discuss opening a business directly, we would like to highlight our market research and business plan development services. These will help you assess your business's viability in different parts of the world. Furthermore, we will identify your possible competitors and help you define your target audience, establishing clear and cohesive goals for your business.

What is company incorporation, and how can SDC Global Services help you?

Incorporating a company is nothing more than creating a business entity; defining the business type is essential. We at SDC help with the business type applicable to our client and according to the country in which it will operate. When you incorporate, your business becomes a legal entity, which can offer protection from personal liability and provide tax benefits and obligations.

Each business type will guide you to advantages and disadvantages regarding responsibility, taxation, and corporate governance. SDC Global Services has made this cautious assessment for its future business.

How do you choose the name, considering its availability and consequences for the company?

Choosing a business name is one of the most relevant steps for your company and directly reflects the company's added values. After selecting the company's name, it is essential to check its availability with the responsible bodies to avoid conflicts with other brands already registered. Remember that the name must be unique and cannot be similar to another company's.

Every company must have established rules, and SDC Global Services assists you in this contract

A contract establishes every company's rules, rights, and duties, regardless of the number of partners. This type of contract must be detailed; we can help you with that. It is a fundamental document that must be very clear and according to current legislation; however, it must also contain all the necessary information about the share capital, distribution of profits, and partners' responsibility.

Have all the necessary documents for incorporating your company

This part of the procedure transforms it into a company; you transfer the individual to a legal entity and will be protected by the laws in force in the country. This is the official registration of your company with the competent public bodies. To start the incorporation process, you will need to gather, in addition to personal identification documents, documents about your company, the contract mentioned above, and other additional documents depending on the selected business type. Together, it must clarify the company's social objective, describe what activities it will carry out, and align with what you plan to offer as a service or product. Finally, the company must be registered to formalize its incorporation and operate legally after having all these documents available.

Furthermore, with all these documents formalized, opening a business bank account is essential to separate your finances from the company's. This facilitates financial management, paying taxes, receiving customer payments, and carrying out commercial transactions. We at SDC Global Services can help you open your bank account to ensure the best functioning of your company.

Licenses and permits required according to your company

Depending on the nature of your business activity and the location of your operation, you may need different licenses and permits required by local law, such as municipal, business, health, and environmental permits. Still, it is essential to check the specific requirements for your activity and ensure that all documents are in order, but you don't need to worry about this; SDC Global Services also provides this type of regulatory activity.

The importance of complying with your company’s tax and legal obligations

After incorporating your company, you must comply with various tax, labor, taxation, and regulatory obligations applicable in the country of operation. It must be remembered that issuing invoices, paying taxes, and making social security contributions are essential for a company's running to avoid penalties or legal problems. Staying informed about the legal obligations within that business sector and in your location of operation can avoid significant issues, and SDC Global Services can instruct you.

 We know that incorporating a business is a process that requires planning, research, and attention to detail. By following the steps above and seeking appropriate guidance, you will be on the right path to establishing a successful, structured company that complies with current legislation. We at SDC Global Services prepare you to face market challenges and achieve business success. Although the processes vary according to each country and their local specificities, the basic principles remain similar in many places worldwide, and we can use all of them.