Private companies are usually owned by a small group of individuals or other businesses. Starting your own business involves obtaining the necessary funding, creating a legal basis for the business and carrying out all the actions required to make a profit.
Instructions
Step 1
Create a business plan for starting your company. Include information about products, services, marketing plan, start-up costs. The purpose of the business plan is to select the fundamental principles of the planned activity. This includes all the tasks that will need to be completed for the successful functioning of the company. It is also a useful document that can be used to obtain financing from banks or private investors.
Step 2
Get the funding you need and sign a memorandum of association between business founders and investors. This agreement must include ownership and management of the private company. If necessary, approve the total number of shares, the list of shareholders and distribute them as you see fit.
Step 3
Register your company name. Fill in all the necessary documents and submit them to the notary office. Often, along with the documents, you will need to transfer the registration fee.
Step 4
Select a finance accounting system. At a minimum, you will need to consider issues such as large product purchases, commercial loans, and executive appointments.
Step 5
Rent suitable premises for your business. It should be located in a favorable area for you, for this, research the needs of the population and the average level of earnings. Purchase the equipment you need. Purchase all the required instruments and other products that will be needed to start the company. Define the minimum you need and focus on it if your budget is tight.
Step 6
Start a business and open your business. Start manufacturing products, hire employees, and start selling products or services. Complete all the tasks you need to make a profit and grow your business.
