The stages of establishing a company
Establishing a company is a multi-stage process in which decisions are made which affect both the smooth running of daily work and future growth. Selecting the form of company is one of the most important early-stage decisions – trading name, limited liability company or light entrepreneurship (using an invoicing service) are suitable for different situations.
The name of the company is also an important part of the identity and distinctiveness of the business. Protecting a name and logo with a trademark may be timely, and some business ideas may also require a patent or utility model protection. Taking these rights into account in time can prevent copying and safeguard the company’s competitive edge.
The establishment of a company also includes the arrangement of financial and payment transactions: the selection of an accounting firm and banking services as well as the consideration of payment methods, such as terminals and digital payment systems, are part of the practical launch. When the basics are in order, it is easier for entrepreneurs to focus on their core activities and producing customer benefits.
NOTE THESE – check before establishing the company:
- Which form of company suits your situation the best?
- Are the company name and domain available and recognisable?
- Which registers should you register into (trade register, VAT, advance tax)?
- What kind of contracts will you need right from the start?
- Who will handle the accounting and financial management?
- Have you taken out the necessary insurance policies and taken into account the YEL obligation?
Learn more about the topics
The form of company matters
The form of business affects taxation, liabilities, and financing opportunities, among other things. Choosing the right form makes everyday operations easier and supports your company’s growth.
Register your company correctly
Registering the company officially launches operations. Check that your chosen name is available and whether you need to apply for a patent or design protection.
Accounting firm, bank and payment methods
It’s worth carefully choosing an accounting firm, bank, and payment methods. When the basics are in order, the company’s daily operations run more smoothly.
Insurance policies for entrepreneurs and business operations
Insurance protects the entrepreneur and the business from unexpected situations. Find out which insurances are mandatory and which are recommended.
Getting company contracts in order
Good contracts prevent misunderstandings and protect the rights of both parties. Make sure that the most important matters are agreed upon in writing.
Safety and security mean quality and trust
Security concerns both products and information – even a small company can operate responsibly.
