Steps to Establish a Business in 2024

Are you thinking about starting a business but are confused about where to start? If you can answer the question of what steps are involved in establishing a business, implementing your idea of ​​establishing a business will no longer be too difficult for you.

Consulting on the Business Establishment Process

• Firstly, Consulting on choosing the appropriate business model: LLC, Joint Stock Company, Private Enterprise.
• Secondly, Instructions on completing registration documents: Prepare documents, fill in all information, and submit documents to the competent authority.
• Thirdly, Consulting on procedures for registering tax codes, seals, and bank accounts.
• Fourthly, Consulting on legal regulations relate to the activities.
• Lastly, Supporting the resolution of problems and procedures arising during the establishment process.

Preparing Business Establishment Documents

The business establishment process often has many complicate stages, making it easy for many businesses to make mistakes. Therefore, businesses need to prepare the necessary documents such as: carefully

• Personal documents: including documents such as ID card, and notarize copy of Passport and must not be more than 3 months old.
• The registration application is prepare according to the form, draft company charter with full content, list of members or shareholders contributing capital, practice certificate, and proof of legal capital from the competent authority (for businesses that the state requires legal capital or practice certificate)

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Submit Application for Business Establishment

Next, you bring the prepare documents to the provincial Business Registration Office where is headquarter. This will usually be the province or city’s Department of Planning and Investment.

Subjects applying: the law stipulates that the owner or the legal representative of the business must apply in person. If the applicant is someone else, he/she must be authorize by the owner or the legal representative to apply. The authorize person must bring a valid power of attorney and personal documents such as an ID card.

Issuing a Registration Certificate

After receiving the business registration application, the registration authority will check whether the application is valid or not. If the application is missing or does not meet the requirements, the registration authority will notify promptly to correct and supplement it.

Within 5 days from the date the applies, if the application is valid, the business will be grant a Business Registration Certificate.

Making a Legal Seal and Registering the Seal Sample

This is an important stage in the business establishment procedure.

When you are grant a Certificate of Business Registration, you go to the competent authority to engrave a seal to make a legal seal. Then you need to make a seal sample registration form and submit it to the city’s Department of Planning and Investment to carry out the procedure of announcing the enterprise’s seal information on the national enterprise information portal. The dossier is very simple, including a seal sample registration form according to the form stamp and sign by the legal representative.

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Announcement of Newly Established Enterprises

According to the provisions of the Enterprise Law, within 30 days from the date the enterprise is grant a Certificate of Business Registration and receive at the Department of Planning and Investment, the enterprise must be post on the enterprise information portal of the Department of Planning and Investment. This is mandatory and you will pay a fee to post the announcement on this information portal. The content includes: the name of the enterprise; the address of the head office; and business lines; For LLCs, joint stock companies or partnerships, it is necessary to have information on charter capital, initial investment capital for private enterprises; legal capital for enterprises operating in industries or professions requiring legal capital; place of registration.

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In conclusion, enterprises need to follow the above-mentioned steps to establish a business enterprise to avoid delays and omissions in the process of filing documents.

Frequently Asked Questions