You cannot achieve a dream by just talking about it all the time. You have to take strategic steps towards the actualization of that dream. If your dream has been to be a successful business owner, then you will have to take series of strategic action steps. The steps you take would determine whether or not the business would be able to thrive and the magnitude of success you would be able to achieve. So it is important that you take the right steps.
At GlobalTax, we are business experts that exist to help you guide your steps and avoid the common mistakes, which most entrepreneurs make especially in the early stages of their start-ups.
Give us an opportunity and we will ensure that your business succeeds by guiding you on the right business path.
Registration of legal form of business
One of the first and important decisions you will need to make when you are about to set up your business is to decide what legal format you want to operate under. The type of legal format you choose depends on what type of business you will be setting up and what industry sector you will be operating in. In addition, it also depends on the number of people investing money in the new venture.
The possible registration options are:
- Limited Liability Company (Ltd)