There are a number of reasons why you might want to open a dealership or subsidiary. These may be new local or regional divisions of your business. Whatever the reason, you can open a dealership by following a few simple steps.
It is necessary
- - business plan;
- - documentation;
- - premises;
- - budget.
Instructions
Step 1
Think over and write down on paper the structure of your new dealership. Indicate how you plan to split the assets for the new division so that each business has the same rights. Reach out to lenders and financial mentors. Explain your plan to split the company - how, where and for what purpose you are planning to open a representative office.
Step 2
Create a business plan and estimate the time it will take you to start a new company. Decide if you need to hire a professional to help start both types of businesses. Include the new hires in the representation plan, as well as the capital needed to get it up and running, and explain how you plan to fund it.
Step 3
Use the successful parts of your business to get credit and venture capital to expand production, if needed. You have come a long way and gained a lot of experience as an entrepreneur. Put this in your plan and it will play an important role in the creditors' review.
Step 4
Register a new department. Contact your lawyer for assistance with all the necessary paperwork. Transfer physical assets from the parent company to the new dealership. Mark each transaction in the parent company ledger as income and in the new division ledger as a debit.
Step 5
Obtain all necessary licenses and permits to expand your business and build (or lease) new premises. You will also need insurance and tax returns.
Step 6
Allocate some funds from your advertising budget. The new dealership will not arouse the interest of those around you until you tell about it in the media. Let everyone know how successful you have been and that you have been able to grow with a promising business. In the end, your money spent will pay off in full.
