In order to set up a company, a proper plan must be developed. This should include basic information like the business name, address, website address and any contact information. If using an email address, use a professional sounding address, preferably with the company name as part of the email address. Avoid using any available services that offer free email addresses. Another important tip to consider is that the company owner will need to know and understand every aspect of the business, including the legal aspects. Document translation may be needed for those who English isn’t their first language. This is crucial when setting up a business that everything is clear and accurate.
Start by indicating the type of business to be started and the legal form of it – sole trader, partnership or limited company. Provide a vision, or detailed description of just what the business is about and what it will do. Provide information about the industry within which the company will operate, as well as a description of products or services and what makes these products or services different than any that may already be on the market. Continue reading