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4 Steps In The Formation Of A Company


There are four main steps involved when it comes to company formation. Yes, four it is not merely having a lot of money. If you are curious as to how a company is formed for your studied or your own personal reasons then in this article we have outlined the four significant steps involved in this most impressive experience.

4 Steps In The Formation Of A Company

Step # 1 – Promotion Of A Company

This is most important in forming a company. Having a promoter will be the first step in your company formation, and it is here where the talks and ideas are brought forth about building the company.

Step # 2 – Registration Of A Company

This is the most arduous part of the formation process as there is a lot of data, paperwork, talks with people, memorandums, declarations and other procedures that must be involved. In all honesty, this par alone can have its own article written about it because of how much work this step involves.

Step # 3 – Certificate of Incorporation

After the individual(s) have been able to hand in all the proper paperwork the individual will be given a certificate proving and showing that their business is legit.

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Step # 4 – Certificate of Commencement of Business

After a person has received the certificate of Incorporation, they are now able to start their own business.

The Four Steps

Now this summation of the formation of a company is very scaled down version of what actually takes places. However, this is the overall aspect of how a company is formed. It is not merely by having a lot of money.

Running a business in of itself can be a joyous experience, but it can also be a tiring one as well. This said likewise for a company you can expect there to be much more work involved to keep the company alive.

Even more so if you are looking to scale that company and make it an international brand it can be that much more difficult but with all things in life the that are worth having are worth working and striving for.

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The path as simple as this article may have made it seem – that was not the intention – will not be easy but with the right people, the right work ethic, and the right mindset nothing is impossible.

Sean Jacobson

I'm Sean, a former HR and business consultant providing you insights into the business world for Leader to Leader.

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