BUSINESS REGISTRATION – WHAT YOU SHOULD KNOW

It is a known fact that most people who are in business make more money than those who are employed. It is not surprising to find young people leaving their jobs to start their own businesses using the money they have saved. However, many of them are not aware of the procedures that are needed when starting up a business. Different countries have different laws when it comes to business or company registration. What is discussed below is a general outline that is followed by many countries when people decide to register a business, company or an organization.
When you want to start a business, you must first know what type of business it is i.e. whether it is sole-proprietorship, a partnership or a company. These are details that should be known beforehand. Each of the categories of the businesses has certain requirements to be fulfilled. For example, a company needs 2 or more directors. Thus, it is important for any individual to know the purpose of the business they want to start.
The next thing you will want to think about is the name that will be given to the business. This is usually one of the tricky parts. When you go to your national local business registration office or SSM, one of the things that they will do is a name search. You have to think of a very unique name. This is because each time there is a name search done, a payment has to be given. Thus, to use less money while searching for a name, think of a very unique but relevant name for your business.
Once the name search has been done, the rest is pretty much simple. However, in cases where the business is an NGO or a company, you may have to consult with a lawyer in making the memorandum of understanding.
It is important to research as wide as possible before registering a business. You can consult a professional company like NBC if you wish to register company in malaysia.

Leave a Reply

Your email address will not be published. Required fields are marked *