To facilitate a smooth and quick company registration process, individuals and organizations can refer to the sharing below to avoid issues and difficulties when registering a company. What is needed to establish a company?
So, what are the requirements for establishing a company?
To make the registration procedures easy and smooth, what is needed to establish a company includes:
Nội dung bài viết
- 1 1: What is needed to establish a company: identify necessary factors before establishment
- 2 2: What is needed to establish a company: prepare registration documentation
- 3 3: What is needed to establish a company: master the process and procedures
- 4 4: What is needed to establish a company: find reputable consulting/support units
1: What is needed to establish a company: identify necessary factors before establishment
- Determine the conditions of the subject
The first factor before deciding to establish a company is to choose and determine the representative subject of the company, such as whether they possess valid identity documents like ID card, citizen identification card, or passport.
This subject must have full civil act capacity and must not be one of the objects prohibited from establishing a business such as civil servants, officials.
- Determine the contributing members to the company
One of the key issues influencing the business registration type is the contributing members who invest capital.
Members or shareholders who contribute capital are those capable of deciding on the existence and development of the enterprise. Choosing suitable partners who can cooperate well to exchange ideas and viewpoints will facilitate the company’s establishment and vice versa.
- Choose a suitable business form
Depending on the form of capital contribution, company registration can be classified into four most common types: One-member LLC, Multi-member LLC, Joint-stock company, and Private enterprise.
Each business type has its own documentation, procedures, and other considerations.
However, you do not need to pay too much attention to this as the company can easily switch between forms after registration.
- Name your company
A crucial point is to avoid using names already registered in the national database, as a duplicate name can adversely affect the reputation of an existing enterprise.
- Provide the company address
- Select industry sectors
According to regulations, enterprises have the right to select any business sector permitted by law. They just need to verify whether the business sectors are on the banned or conditional list before registration.
- Charter capital
Charter capital is the total contributed capital committed by members or shareholders.
2: What is needed to establish a company: prepare registration documentation
After preparing the necessary factors, the registration dossier includes:
- Business registration application
- Company charter
- List of company members/shareholders
- Other documents
3: What is needed to establish a company: master the process and procedures
After determining the information and enterprise type along with the necessary documents, the registrant will submit the application at the Department of Planning and Investment, then receive the business registration certificate and proceed with the legal seal registration.
And simultaneously, after receiving the certificate of business registration, individuals and organizations will register to purchase digital signatures, open bank accounts for the enterprise, and perform initial tax declaration procedures with the local tax authority. Issuance of invoices completes the entire company formation process.
4: What is needed to establish a company: find reputable consulting/support units
Currently, the registration time for establishing a company ranges from 3 to 25 working days from the date of submitting valid dossiers. To shorten registration time and avoid difficulties, individuals and organizations can select consulting units such as apecdoc.org.
With many years of experience, apecdoc.org specializes in providing full-package affordable company registration services. The organization helps customers complete registration procedures accurately and quickly, while also minimizing potential costs during the process.
Therefore, what are the requirements for establishing a company? The above insights will help you understand the key issues when setting up a company. For a smooth process, it’s advisable to contact reputable company registration service providers.
