Tips for starting a business

If an entrepreneur is  thinking about starting a business in the digital age, there are several steps to consider before doing it. To start a business today, it is no longer enough to open a business and wait for customers to come to. 

The competition is greater and offline business must be completed with an online version that accurately represents the values and services of the  business project.

Tips to start a business

Therefore, to make the entrepreneur  way easier and not wasting time diving among thousands of posts, following  will find the essential tips to start a  business in the right direction.

Regardless of the type of legal form in which the business person is going to set up the company, there will be a need to carry out a series of formalities and procedures. Below one can go through the essential steps to set up a company

Choosing the legal form

The first thing is to determine the type of company that is  going to be created and to determine the legal form. So, they could be public limited company, limited liability company, or cooperative one. It should be looking into, for the best one that suits the  situation according to the characteristics of the company.

Negative certification

The business person  must obtain from the Central Mercantile Registry the Negative Certification of the company name (CNN) that accredits the exclusivity and non-existence of another company with the same name. This can be done in person with a form at the Mercantile Registry offices, by post or through the web.

Share capital

The business person, should deposit in a bank an amount of money, which will vary according to the share capital required in each case. For a limited company the minimum is 3,000 euros, and for a joint-stock company the capital may not be less than 60,000 euros.


Apply for the NIF

Obtain the Tax Identification Number from the Tax Office, first provisionally by presenting the necessary documentation, and then definitively (no later than 6 months) by presenting the deed.

Creation of the society

The business person must execute a public deed before a notary where the partners sign the constitution of the company.

Registration in IAE

The business person must register for the Tax on Economic Activities with the business activity you are going to carry out, at a Tax Office.

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