Start with the business you intend to run
Write down your proposed activity, where the business will operate and how you expect to earn revenue. A service business, trading operation and member-led organisation can have different setup considerations.
Discuss ownership before selecting a structure
List the proposed owners, their roles and the way decisions will be made. Discuss the differences between a proprietorship, partnership, LLP and company with an advisor before choosing a route.
Organise identity and premises records
Keep readable copies of the proposed owners’ identity and address records, along with documents for the intended business premises. Your final checklist should be tailored to the structure and application.
Look beyond incorporation
Ask about banking, invoicing, tax registrations, accounting records and ongoing filings. An incorporation certificate is one milestone in a longer business journey.
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