How long does it takes to make a new company?
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A flexibility of market and economy depends on many things. One of those things is how easy/hard it is to make/establish a new company. In Slovakia you need to do these steps. 1.You need to get criminal record from prosecutor's office. You have to pay 100SKK = $3.23 for government stamp. 2.You need to write some contract, in other words agreement about what your company will do, what's the name of company and other similiar things. This is a job for your attorney. 3. You need to sign your contract/aggreement in notary' office and notary have to verify your sign. You have to pay 72SKK =$2.3 for verification of one sign. 4. You need to register company on trade office. You have to pay 1000SKK = $32.3 for government stamp. 5. You have to register compnay on trade court. You have to pay 10000SKK = $322.6 for government stamp. The court will register your company in one or two weeks. You have to prove that you have at least 100 000SKK = $3225. You do not pay this money to government, you can spend this money to buy equipment for your company. They just want to see if you are solvent. So you need 11172SKK = $360 to pay government fees. Then you need pay to your attorney, it usually costs about 15000SKK = $484. And 100000SKK =$3225 to prove you're solvent. Summary:You need at least 126171SKK = $4070 to start your own company and it all takes you 2-3 weeks. [edit]These are steps only for company, if you want to be self-employed it's little easier and you do not need so much money.[/edit] What are the steps in your country, how much money you need and how long does it take? "Please! For the love of God! Can you help me unlearn VB?" -Jeremy Falcon -- modified at 9:12 Friday 3rd February, 2006
It depends. One of the simplest things you can do is file a "DBA" (Doing Business As) which simply requires looking up that the name you want for your business isn't already taken and paying less than $100 (depending on what town you live in, I guess the fees are around $20 to $60). Most places also require that you list your business in the local newspaper for three weeks. That's it. On the other end of the spectrum, you can file as a corporation, of which there are many flavors, and these require several thousand dollars to get going. But in neither case do you need to prove that you are solvent. :-D Marc Pensieve
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A flexibility of market and economy depends on many things. One of those things is how easy/hard it is to make/establish a new company. In Slovakia you need to do these steps. 1.You need to get criminal record from prosecutor's office. You have to pay 100SKK = $3.23 for government stamp. 2.You need to write some contract, in other words agreement about what your company will do, what's the name of company and other similiar things. This is a job for your attorney. 3. You need to sign your contract/aggreement in notary' office and notary have to verify your sign. You have to pay 72SKK =$2.3 for verification of one sign. 4. You need to register company on trade office. You have to pay 1000SKK = $32.3 for government stamp. 5. You have to register compnay on trade court. You have to pay 10000SKK = $322.6 for government stamp. The court will register your company in one or two weeks. You have to prove that you have at least 100 000SKK = $3225. You do not pay this money to government, you can spend this money to buy equipment for your company. They just want to see if you are solvent. So you need 11172SKK = $360 to pay government fees. Then you need pay to your attorney, it usually costs about 15000SKK = $484. And 100000SKK =$3225 to prove you're solvent. Summary:You need at least 126171SKK = $4070 to start your own company and it all takes you 2-3 weeks. [edit]These are steps only for company, if you want to be self-employed it's little easier and you do not need so much money.[/edit] What are the steps in your country, how much money you need and how long does it take? "Please! For the love of God! Can you help me unlearn VB?" -Jeremy Falcon -- modified at 9:12 Friday 3rd February, 2006
The last time I started a company it cost £175 (~$300) and took about 15 minutes to fill out the forms. The price included getting a registrar to do most of the work for me. Of course, the actual set up costs and time were much larger - but that was the minimum to satisfy the government. There are additional things to do, like find an accountant, file with customs and excise and the inland revenue (although you don't really need to do that immediately, you can wait until the end of your first financial year), and so on. ColinMackay.net "Man who stand on hill with mouth open will wait long time for roast duck to drop in." -- Confucius "If a man empties his purse into his head, no man can take it away from him, for an investment in knowledge pays the best interest." -- Joseph E. O'Donnell
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A flexibility of market and economy depends on many things. One of those things is how easy/hard it is to make/establish a new company. In Slovakia you need to do these steps. 1.You need to get criminal record from prosecutor's office. You have to pay 100SKK = $3.23 for government stamp. 2.You need to write some contract, in other words agreement about what your company will do, what's the name of company and other similiar things. This is a job for your attorney. 3. You need to sign your contract/aggreement in notary' office and notary have to verify your sign. You have to pay 72SKK =$2.3 for verification of one sign. 4. You need to register company on trade office. You have to pay 1000SKK = $32.3 for government stamp. 5. You have to register compnay on trade court. You have to pay 10000SKK = $322.6 for government stamp. The court will register your company in one or two weeks. You have to prove that you have at least 100 000SKK = $3225. You do not pay this money to government, you can spend this money to buy equipment for your company. They just want to see if you are solvent. So you need 11172SKK = $360 to pay government fees. Then you need pay to your attorney, it usually costs about 15000SKK = $484. And 100000SKK =$3225 to prove you're solvent. Summary:You need at least 126171SKK = $4070 to start your own company and it all takes you 2-3 weeks. [edit]These are steps only for company, if you want to be self-employed it's little easier and you do not need so much money.[/edit] What are the steps in your country, how much money you need and how long does it take? "Please! For the love of God! Can you help me unlearn VB?" -Jeremy Falcon -- modified at 9:12 Friday 3rd February, 2006
In Italy it really depends on the company type. I'm getting into these things lately because I want to change my hobby (programming skills) into some kind of job, and this is what I found. For small limited-liability companies, the minimum is ~5k euro. ~3k euro minimum have to be in a bank account, blocked until the company closes; 1k goes to the notary for all the necessary acts, and another 1k goes into government stamps, fees, trade offices, etc. It takes about 1 or 2 months to be fully operative. For non-limited companies there are some possibilities at about 500-600 euros, which require much less burocratic actions, but the times are pretty much the same. Luca The Price of Freedom is Eternal Vigilance.
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The last time I started a company it cost £175 (~$300) and took about 15 minutes to fill out the forms. The price included getting a registrar to do most of the work for me. Of course, the actual set up costs and time were much larger - but that was the minimum to satisfy the government. There are additional things to do, like find an accountant, file with customs and excise and the inland revenue (although you don't really need to do that immediately, you can wait until the end of your first financial year), and so on. ColinMackay.net "Man who stand on hill with mouth open will wait long time for roast duck to drop in." -- Confucius "If a man empties his purse into his head, no man can take it away from him, for an investment in knowledge pays the best interest." -- Joseph E. O'Donnell
Is it different outside the M25? I thought limited company formation was the same throughout the UK? Guess it's not.
turning the other cheek just gets you slapped twice
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Is it different outside the M25? I thought limited company formation was the same throughout the UK? Guess it's not.
turning the other cheek just gets you slapped twice
It should be the same. If I had the time I probably could have done it for £15 and a bus fare to Companies House. But I got a propery notary to do it. I also got a nice leather bound folder to keep all the documentation in along with a company seal and other things - I guess you can see where some of the money went. I know a guy who did sit down and spend some time with all the legal documentation and set his company up (this was the late 80s) for next to nothing. I guess things have also got cheaper with the advent of on-line company registration which wasn't available when I last set up a company. So, I guess that competition is now more that it was. ColinMackay.net "Man who stand on hill with mouth open will wait long time for roast duck to drop in." -- Confucius "If a man empties his purse into his head, no man can take it away from him, for an investment in knowledge pays the best interest." -- Joseph E. O'Donnell
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In theory I can have a limited company up and running almost immediately for under £35.00. http://www.eacbs.com/[^]. This site lets you do it online.
turning the other cheek just gets you slapped twice
Looks like we were fleaced then! Riverblade cost us £59 to set up...:doh: Anna :rose: Currently working mostly on: Visual Lint :cool: Anna's Place | Tears and Laughter "Be yourself - not what others think you should be" - Marcia Graesch "Anna's just a sexy-looking lesbian tart" - A friend, trying to wind me up. It didn't work.
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A flexibility of market and economy depends on many things. One of those things is how easy/hard it is to make/establish a new company. In Slovakia you need to do these steps. 1.You need to get criminal record from prosecutor's office. You have to pay 100SKK = $3.23 for government stamp. 2.You need to write some contract, in other words agreement about what your company will do, what's the name of company and other similiar things. This is a job for your attorney. 3. You need to sign your contract/aggreement in notary' office and notary have to verify your sign. You have to pay 72SKK =$2.3 for verification of one sign. 4. You need to register company on trade office. You have to pay 1000SKK = $32.3 for government stamp. 5. You have to register compnay on trade court. You have to pay 10000SKK = $322.6 for government stamp. The court will register your company in one or two weeks. You have to prove that you have at least 100 000SKK = $3225. You do not pay this money to government, you can spend this money to buy equipment for your company. They just want to see if you are solvent. So you need 11172SKK = $360 to pay government fees. Then you need pay to your attorney, it usually costs about 15000SKK = $484. And 100000SKK =$3225 to prove you're solvent. Summary:You need at least 126171SKK = $4070 to start your own company and it all takes you 2-3 weeks. [edit]These are steps only for company, if you want to be self-employed it's little easier and you do not need so much money.[/edit] What are the steps in your country, how much money you need and how long does it take? "Please! For the love of God! Can you help me unlearn VB?" -Jeremy Falcon -- modified at 9:12 Friday 3rd February, 2006
Michal Martinka wrote:
You need to get criminal record from prosecutor's office.
In the US. You don't get the criminal record until you've been a director of Enron :-D Michael CP Blog [^] Development Blog [^]
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In Italy it really depends on the company type. I'm getting into these things lately because I want to change my hobby (programming skills) into some kind of job, and this is what I found. For small limited-liability companies, the minimum is ~5k euro. ~3k euro minimum have to be in a bank account, blocked until the company closes; 1k goes to the notary for all the necessary acts, and another 1k goes into government stamps, fees, trade offices, etc. It takes about 1 or 2 months to be fully operative. For non-limited companies there are some possibilities at about 500-600 euros, which require much less burocratic actions, but the times are pretty much the same. Luca The Price of Freedom is Eternal Vigilance.
Ha, old Europe....
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A flexibility of market and economy depends on many things. One of those things is how easy/hard it is to make/establish a new company. In Slovakia you need to do these steps. 1.You need to get criminal record from prosecutor's office. You have to pay 100SKK = $3.23 for government stamp. 2.You need to write some contract, in other words agreement about what your company will do, what's the name of company and other similiar things. This is a job for your attorney. 3. You need to sign your contract/aggreement in notary' office and notary have to verify your sign. You have to pay 72SKK =$2.3 for verification of one sign. 4. You need to register company on trade office. You have to pay 1000SKK = $32.3 for government stamp. 5. You have to register compnay on trade court. You have to pay 10000SKK = $322.6 for government stamp. The court will register your company in one or two weeks. You have to prove that you have at least 100 000SKK = $3225. You do not pay this money to government, you can spend this money to buy equipment for your company. They just want to see if you are solvent. So you need 11172SKK = $360 to pay government fees. Then you need pay to your attorney, it usually costs about 15000SKK = $484. And 100000SKK =$3225 to prove you're solvent. Summary:You need at least 126171SKK = $4070 to start your own company and it all takes you 2-3 weeks. [edit]These are steps only for company, if you want to be self-employed it's little easier and you do not need so much money.[/edit] What are the steps in your country, how much money you need and how long does it take? "Please! For the love of God! Can you help me unlearn VB?" -Jeremy Falcon -- modified at 9:12 Friday 3rd February, 2006
Well, in Australia it costs absolutely nothing. You just have to fill in a form (takes about 40min) to apply for an ABN (Australian Business Number). And you will only have a wait of about a week. As other posts mentioned, it really depends on the company structure. But if you don't mind being a Sole Trader (you and the company are the same legal entity), it won't cost you a cent. That lets you trade under your actual name, but you csn buy a company name for AU$200 for 3yrs. This structure also lets you hire staff, buy business premises etc. Its a great system, and certianly encourages small business. Erik Merkley
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Michal Martinka wrote:
You need to get criminal record from prosecutor's office.
In the US. You don't get the criminal record until you've been a director of Enron :-D Michael CP Blog [^] Development Blog [^]