How to set up a company successfully

The dream of many people is to become self-employed from employers and to freely dispose of their own working hours. Getting there requires courage and self-confidence. The founding of a company is based on a business idea and one business plan. It is then necessary to obtain all permits and register the company. A realistic self-assessment is valuable here. This applies both to one's own ability to assert oneself and to the financial resources available. Martin Bleckmann Steuerberater gives you an insight into the details.

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What formalities must be considered when setting up a company?

The success of starting a business depends on many factors. First of all, it relates to the Type of activity. In addition, the idea must also be accepted by the market and appeal to a target group. The company has many legal forms , can be planned as a sole proprietorship, but also as a corporation or partnership. Each of these legal forms requires its own legal orientation and can be adapted to the desired business model.

There is also the Self-employment, which is divided into the following categories:

• freelancers (no business registration required for artistic, scientific, literary or educational activities and services, including occupations as a doctor, lawyer, artist, journalist, interpreter or architect)
• tradesmen (including trade for all activities in the areas of trade, crafts, industry and services)
• Original producers (animal husbandry, agriculture and forestry)

All activities must reported to the tax office while traders must register their business and require a permit or permit in certain areas.

Personal and economic reliability is necessary for your own business. A police clearance certificate is just as necessary. A company founder must state existing debts and also prove that there are financial opportunities to start the business. If unreliability is proven, the result may be that permission to set up a company is not given, for example in the case of insolvency or criminal record. Let our Martin Bleckmann tax advisor office advise you on what you need for your independent career.

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What is the process of setting up a company?

Establishing a company requires extensive preparations. No one can simply sit down and be successful within a short period of time, without an idea behind it, without commercial knowledge, without a business plan And a good funding. The market situation, customer benefits and the interest of the target groups must always be included in the considerations.

Once it is clear which company it should be and how implementation is possible, the formal part begins with many administrative procedures. It must business license and permits caught , the incorporation should be reported to the tax office and a business account should be opened. This requires certain insurance policies and the hiring of a tax advisor to take care of the bookkeeping. Self-employed people should require a planning phase of a few months from the idea to the start of the company.

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The most important steps into self-employment to start your own business
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From idea to planning to implementation, it is important to work out all necessary steps to set the foundation for success. This also includes more realistic financial plan. A checklist of all important procedures is excellent. It also makes a difference in which sector you work or whether you work from home or in a retail store.

Catering projects require different requirements than when opening an office. The general considerations and steps are as follows:

• Industry selection and the necessary approvals
• main or side job
• Verification of protected trademarks and company names (industrial property rights)
• Risk assessment and insurance coverage
• Securing corporate financing (cost and investment calculation, bank loans and loans, equity)
• Determining the corporate and legal form
• Opening a business account
• Clarifying the location (e.g. for opening an office, a shop, a snack bar or a workshop)
• Administrative procedures and notification requirements
• market research
• Planning for optimal customer acquisition
• Use of marketing and advertising materials
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Tips for business founders:
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It is always recommended to look carefully at the subject matter and take time to carefully weigh up all necessary steps and to assess how realistic the success of your own business idea is. At the beginning, there is the question of what customer benefits your own business model has and how open the market is currently for it.

Managing a company is not an easy process and requires basic commercial knowledge in marketing, accounting, sales, personnel management, controlling and sales. A company requires a high level of motivation, assertiveness, a constructive mindset, expertise in the planned area and leadership skills.
It is important to understand whether staff needs to be recruited, what requirements are necessary for this and how all of this can be financed. There is a Number of possible funding, which are available when setting up a company, which can be taken into account in planning. Make an initial appointment with our Martin Bleckmann tax advisor office so that we can advise and support you in all aspects of planning.