PODCAST] Basic tips on how to create your company from scratch
Posted: Wed Dec 18, 2024 4:22 am
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In this episode of the Sage Advice Podcast, “Business Management as a Key to Success,” you’ll learn a series of tips on how to start a business from scratch.
Learn the keys to avoid making mistakes in the first steps of your new business.
We will tell you everything you croatian email list need to take into account at a legal level, and what aspects you should consider when making your feasibility plan.
The first thing you need to think about when setting up a company is what legal form it will have. You have two options: self-employed or limited company.
If you are going to start a business in which you will be the sole owner and you want to get started as soon as possible, you should register as a freelancer. For example, if you are a graphic designer who is going to start doing freelance work for different companies, this is usually the most appropriate format. Why? Because it is agile and cheap.
Decide the legal form of your company: self-employed or limited company
To be self-employed you have to register with Social Security and the Treasury . This will help you, first of all, to pay contributions and have access to benefits for sick leave or disability, cessation of activity (unemployment benefits for self-employed workers) or retirement, for example.
Secondly, to pay the taxes corresponding to the income and activity you generate. To do this, you can do it online, or go to one of the PAEs or Entrepreneur Assistance Points, where they will guide you through this process quickly.
Another option, which does not exclude PAEs, is to carry out these procedures with the help of a manager.
Having a consultancy or agency to support your company's tax activities is a great idea for creating a company from scratch.
The other alternative is to become a Limited Company (SL). The big difference is the responsibility and the need for capital to get started. While a self-employed person does not need to present any money to get started, to create a SL it is necessary to deposit €3,000 in capital into the company's bank account. It is true that everything points to this limit disappearing in 2022. But today it is still mandatory.
Regarding liability, let's give an example to understand it better. Let's imagine that a self-employed person has debts that he has assumed to open his business, and he cannot pay them. The debtor could go after the self-employed person's personal assets .
So, could you lose your home if you get into debt with your business and can't pay it back? In practice, yes, that's something that can happen.
In a Limited Company, the liability is of the entity you have created, because it is a legal entity independent of you. Therefore, they can only go against it. It is the one that has debts, not you. In this other case, a natural person and a legal entity are different. Whereas in the case of a self-employed person, it is the same.
Step by step to become self-employed
In short, whether you do it with the support of a consultancy or on your own, you will have to take the following steps to become self-employed.
Registration with the Tax Office (using form 036 or 037).
Registration with Social Security under the Self-Employed Regime.
Opening licenses, if applicable (for example, a restaurant will need to comply with a set of specific regulations for its business depending on the location in which it is opening).
How to form a Limited Company
If you decide to create an SL company, these are the steps to follow:
Obtain the negative certificate of corporate name from the Commercial Registry. This can be done online and serves to certify that the name you want to give to your company does not already exist.
Deposit €3,000 into a bank account.
Create the Company Statutes with information such as: the partners, the capital they contribute, the purpose of the company... In addition to making the incorporation of these public before a notary.
Subscribe
In this episode of the Sage Advice Podcast, “Business Management as a Key to Success,” you’ll learn a series of tips on how to start a business from scratch.
Learn the keys to avoid making mistakes in the first steps of your new business.
We will tell you everything you croatian email list need to take into account at a legal level, and what aspects you should consider when making your feasibility plan.
The first thing you need to think about when setting up a company is what legal form it will have. You have two options: self-employed or limited company.
If you are going to start a business in which you will be the sole owner and you want to get started as soon as possible, you should register as a freelancer. For example, if you are a graphic designer who is going to start doing freelance work for different companies, this is usually the most appropriate format. Why? Because it is agile and cheap.
Decide the legal form of your company: self-employed or limited company
To be self-employed you have to register with Social Security and the Treasury . This will help you, first of all, to pay contributions and have access to benefits for sick leave or disability, cessation of activity (unemployment benefits for self-employed workers) or retirement, for example.
Secondly, to pay the taxes corresponding to the income and activity you generate. To do this, you can do it online, or go to one of the PAEs or Entrepreneur Assistance Points, where they will guide you through this process quickly.
Another option, which does not exclude PAEs, is to carry out these procedures with the help of a manager.
Having a consultancy or agency to support your company's tax activities is a great idea for creating a company from scratch.
The other alternative is to become a Limited Company (SL). The big difference is the responsibility and the need for capital to get started. While a self-employed person does not need to present any money to get started, to create a SL it is necessary to deposit €3,000 in capital into the company's bank account. It is true that everything points to this limit disappearing in 2022. But today it is still mandatory.
Regarding liability, let's give an example to understand it better. Let's imagine that a self-employed person has debts that he has assumed to open his business, and he cannot pay them. The debtor could go after the self-employed person's personal assets .
So, could you lose your home if you get into debt with your business and can't pay it back? In practice, yes, that's something that can happen.
In a Limited Company, the liability is of the entity you have created, because it is a legal entity independent of you. Therefore, they can only go against it. It is the one that has debts, not you. In this other case, a natural person and a legal entity are different. Whereas in the case of a self-employed person, it is the same.
Step by step to become self-employed
In short, whether you do it with the support of a consultancy or on your own, you will have to take the following steps to become self-employed.
Registration with the Tax Office (using form 036 or 037).
Registration with Social Security under the Self-Employed Regime.
Opening licenses, if applicable (for example, a restaurant will need to comply with a set of specific regulations for its business depending on the location in which it is opening).
How to form a Limited Company
If you decide to create an SL company, these are the steps to follow:
Obtain the negative certificate of corporate name from the Commercial Registry. This can be done online and serves to certify that the name you want to give to your company does not already exist.
Deposit €3,000 into a bank account.
Create the Company Statutes with information such as: the partners, the capital they contribute, the purpose of the company... In addition to making the incorporation of these public before a notary.