How to open a corporation

Today, the word "corporation" is understood to mean the association of people (or rather individuals or legal entities) who are co-owners of one company. The management of the corporation is carried out with the help of the supreme management body - the board of directors. When forming an organization, a charter fund is created in which all individuals or legal entities make their contributions.

Instruction manual

1

Determine the future name of your corporation. You must make sure that the proposed name has not been occupied by other companies and firms, otherwise it will violate the rights of other business organizations.

2

Obligatory registration of a corporation’s trademark with the relevant state authorities, pay the set amount for this operation. At this point, check if other companies are using a similar trademark.

3

Consider in which countries the corporation will operate. You have the right to register it in any country, however, organizing and registering an organization in the territory of your country of residence will be less costly, otherwise you will need to pay the appropriate taxes that apply to non-governmental organizations.

4

Choose the professionals who will make up your board of directors. Please note that it should include experienced and qualified people who will participate in the development and drafting of the charter of the corporation.

5

To organize a corporation, attract investors to it.

6

Work with investors on a document such as the Shareholder Agreement. According to this document, the total number and type of shares that will be issued by your organization will be determined.

7

Submit the necessary documents and charter of the corporation to the appropriate government authorities. Get a list of documents required for full registration of the organization and within a certain period (two weeks) will receive a "Certificate of Registration of the Corporation."

8

Develop a business plan according to which your corporation will be implementing. Calculate all expenses, as well as the expected profit.