In past 5 years, there has been a growing large number of startups. Do you have an idea for a new venture? The first step in achieving the vision of new creation will be to “establish a company.” Are you familiar with the procedure of establishing a business? What documents need to make? What are the additional costs that come with it?
In the wake of reading this piece, you’ll be able to comprehend the complete registration procedure quickly, the requirements for establishing a company, and the sum of money needed to establish a company.
Planning before establishing an enterprise: Four essential aspects to consider
Company type
When establishing a business, it is essential to understand the various registrations for businesses in Taiwan. The kinds of companies that are available in Taiwan comprise the following five kinds:
- Unlimited company
- Limited company
- Gmbh and Co. kg
- Co., Ltd.
- Locking Co., Ltd.
principal
The person in charge of the business must not just assume the position of leader but must also burden the penalties of criminal, civil, and administrative laws. It is worth noting that when it’s an entity with shares, the company’s directors are all those who are in charge of the business.
Company Name
The name of the company is the foundation of the business. Select a name for the business that reflects the essence of the brand. Then select the name of the trademark as well as an English name. If you’re planning to set up the website, you should consider an appropriate domain name.
business model
Before establishing a business, it is recommended to create a model of a business model that will improve the likelihood of an application that is successful when trying to get loans or seeking investors shortly. The business model
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What’s the procedure for creating a company? Five steps to follow to facilitate the formation of an LLC
The process of applying to establish a company is divided into five steps to apply:
- Company name pre-check
- Create an account
- Accountant verification
- Application for establishment of a company
- IRS application
The first step in creating a business is understanding the whole application process. The following article uses the creation of the local company as an instance of how to explain the application procedure for the formation of a company in greater detail.
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Company name pre-check
In the beginning, choose between 1 and five company names.
Its official title for the business will be established after receiving the pre-inspection verification letters in approximately 1 to three days. After that, you can create business plans using the services offered by your company or by referring to business services offered by competitors.
(Special Attention: The suffix of the code for business items is 1. This means that additional license documents have for obtaining, like the H101021 commercial banking license.)
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Create an account
Choose a bank to establish an account using your company’s name and preparatory office. The person responsible for it remembers to make the company/business registration letter of pre-inspection and seal of size and double-certificates. After the capital is paid and the registration application is complete, and the bank account’s name is registered, it may be changed to reflect the company’s official name.
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Accountant verification
Usually, this procedure will require help from an accounting firm. Take, for instance, the Marcus one-stop service. Instance; when you transfer the capital into the account three days after submitting the request for an account balance certification, you can request your Accountant to check the capital’s authenticity and then sign off on the capital verification visa to confirm that the business’s capital. Sex.
The following six items are the essential information you must be able to provide to the team to finish this verification procedure:
- Certificate of Balance in Deposit
- Copies of Passbook Cover/Bank Stamp Page/Amount Page
- Copy of Articles of Association/Registration Form
- Verification of the Company Name Pre-Check
- The ID of the individual responsible (front as well as back)
- The size of the company chapter
To read:Teaching about opening a company in Hong Kong
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Application for the establishment of a company
After the above steps have been completed, the 10 required documents are completed. The application can be submitted for incorporation to the Commercial Registration Office of the Joint Service Center of the municipal government in which the company is located.
- Application for registration of establishment and pre-check verification of company name
- Copies of Articles of Association
- The shareholder’s letter of consent
- Copy of the shareholder ID card
- The Director’s Consent for Appointment
- Lease agreement or consent letter of the building owner at the address in which the firm is registered.
- The most current tax bill on housing for the property in which the business is located
- The report on capital verification of the Accountant and its appendices
- Create a registration form
- The registration cost is 1 Yuan per 4000 yuan of capital and 1,000 yuan when there is less capital than 1000 dollars.
- (Special note: once you have received the letter of approval, make sure to bring the large and small seals and return them to your bank to change the preparatory account to an official account)
- IRS application
The final step is to make an appointment with the IRS to request an invoice voucher. Once you have it, you will receive the approval letter within 7 days, then visit the IRS with the approval letter to buy the invoice.
Find the best business consultant and let you not be worried about how to start an enterprise.
Establishing a company can be, by nature, a complex and lengthy process, but getting the assistance of a team of experts will make your venture more enjoyable. Easycrop Business Center, created through Shifang Guanghua United Accounting Firm, provides a single-stop solution offering all the services needed to begin an enterprise:
- Help in the creation of business plans and advise on planning.
- A virtual office offers companies a line number for registration to help reduce office expenses.
- Personnel dedicated to collecting government documents There is no need to incur additional expenses for personnel.
- Offer assistance with government subsidy applications, be aware of the rules for application in advance and boost the application’s chance of success.
The Easycrop elite team offers the most comprehensive and efficient business integration services. It is only necessary to concentrate on your strengths, and the expert team from Easycrop can assist you with the other aspects of beginning an enterprise!