Posts Tagged ‘start a business’
Let’s look at what steps are required to confirm or establish a business legally.
These steps are necessary to incorporate a company in Peru, but may provide guidance in other countries, which often have similar processes.
1. Search and reserve company name in the public records (only for legal persons)
We must first go to the Public Records Office, and verify that there is on the market a name (name) the same or similar to what we want to put our company.
When searching for existing names, we must ensure that they do not look or sound like we’re going to use, there must be a minimum of 3 different letters.
Once the search and confirmed that there are no same or similar names that we will use, we must reserve our name so that another company cannot register with that name, being the booking for a period of 30 days.
2. Preparation of the minutes (only legal persons)
The bill is a preliminary document in which members of society expressed their desire to establish the company, and which identifies all agreements.
The bill consists of the incorporation and bylaws, in addition to the inserts can be attached to it.
The key elements of a bill are:
* The general law each partner your personal information, names, age, identification, etc.
* Drawing of society.
* Type of society: for example, S.R.L, S.A, etc.
* Duration of the company: whether fixed or indefinite term.
* When will start business.
* Where to run the company (business address).
* What is the corporate name of the company?
* Where will they work for agencies or branches, if any had.
* Who will manage and represent the company.
* The contributions of each partner. These can be:
or property on money: money and media substitutes such as checks, promissory notes, bills, etc.
or non-cash assets, property or furniture such as desks, chairs, etc.
* Other agreements providing for the partners.
* The social capital or assets (contribution of the partners).
It is recommended to produce the minutes with the help of a trusted lawyer.
3. Raise public write minutes (only legal persons)
Is to go to a notary and take the minutes of a notary public for review and raise a Deed.
Usually we must bring documents along with the bill are:
* Minutes of incorporation.
* Evidence or proof of deposit of capital injected into a bank account in the name of the company.
* Detailed and enhanced inventory of non-cash.
* Commercial Search certificate issued by the Public Records Office in the absence of the same or similar name.
Once elevated the minutes, you cannot change. In the end, it generates the Deed, Testimony of Partnership or Incorporation, which is the document that attests that the bill is legal. This should be signed and sealed by the notary.
4. Raising the public deed in the Public Records (only legal persons)
Once we have obtained the Deed, we take it to the Public Records, where he made the necessary arrangements to enroll your company in the Public Registry.
Legal Person exists from this step, i.e. from registration in the Public Registry.
5. Obtaining the number of RUC
The RUC (Single Taxpayer Registry) is what identifies a person or business before the SUNAT to pay taxes.
Any natural or legal person is required to join the RUC, otherwise they will be penalized according to the Tax Code, as well as those enrolled in the RUC who do not submit the statement.
To obtain it we must look to the SUNAT, fill out a form of justification, and wait for notification.
6. Choose taxation
At the same SUNAT, while we process to obtain our RUC, we must determine which tax system we will accept for payment of taxes, the Single System Simplified (RUS), the Special Regime of Tax Income (RER), or the General Conditions.
Once we have our number of RUC, and elected the tax system which welcomes us, we can print payment vouchers (tickets and / or invoice) are going to use.
7. Buy books and legalize
In this way we buy books needed depending on the tax system to which we have received, and then we went to a notary to be authenticated by a notary public.
8. Legalizing the Book of Forms in the Ministry of Labor (if applicable)
By law, all workers of a company, no matter how many hours they work, must be on the payroll (which involves receiving benefits such as bonuses, compensation for length of service, etc.).
For this step, we must go to the Ministry of Labour, where returns will be legalized.
9. Enroll workers in ESSALU (if applicable)
We must also enroll employees in offices ESSALUD for access to their services.
The procedures are performed in office for the jurisdiction ESSALUD.
In general, the documents to be presented are:
* Photocopy of the RUC.
* Returns legalized white.
* Photocopy of the representative.
* Form completed ESSALUD’s office for the registration of workers.
10. Municipal license application
Is to go to the municipality of the district where it is to be located at the business, and arrange to obtain the operating license.
In general, the documents to be presented are:
* Photocopy of the RUC.
* Zoning Certificate (industrial area, commercial area, residential, etc.)…
* Sketch of business location.
* Copy of lease or title.
* A photocopy of the deed.
* Receipt of payment for per license.
* Application Form.
Additional notes
As additional data we note that there are now centers or institutions that can help us do all the steps described above to form our company, at a minimum cost and in a short period of time.
One of these centers or institutions is Cofide Center, which offers search and booking service name in the public records, preparation of minutes and legalized before a notary public, procurement of RUC (his office has a booth the Sunnat, etc.).
If you are in Peru and will be creating and legally establish your business, you may want to use the services of the help desk. To see your address and other information, visit their website.
Buying a franchise can be a good alternative to open a business, gives us the opportunity to start a business that has proven successful, and has a brand that is recognized by the public.
It also gives us the possibility to have procedures manuals for its early establishment and development, and to have the training and technical assistance from the franchisor company (franchisor).
However, buying a franchise also has some disadvantages, which is mainly the lack of ability to implement new ideas, limiting the creativity that every entrepreneur should develop.
Let’s look at what the main advantages and disadvantages of buying a franchise:
Advantages of buying a franchise
* Lower risk than starting a business from scratch, and even, to acquire an existing one, this mainly because when you open a franchise, starting a business that has proven successful, and has a recognized brand.
* The manual count procedures provided by the firm granting the franchise, which allow you to create and grow the business quickly.
* Having the training and technical assistance from the franchisor company.
* To start and run a franchise does not require much expertise in certain areas of business, for example, in the creation and design of a new brand.
* Not having to spend time and money to design and develop a new business.
* Not having to spend time and money in designing marketing strategies, and conducting the promotion and advertising.
* Ongoing support of a company or large organization with experience.
Disadvantages of buying a franchise
* High acquisition cost.
* Having to pay a monthly percentage of sales (royalties or royalty) permanently.
* Limited to implement new ideas, because of the rules established by the franchisor company, including policies and procedures that cannot be violated.
* The possibility that the reputation of the business may be affected by the reputation of other businesses that is under the same franchise.
* The inability to transfer title or sell the franchise, or in any case, the need to require the approval of the franchisor company even make it.
* Having to undergo a permanent and constant control of the franchisor company.
* The lack of absolute control of the business.
Having a partner for the creation of our business or company, can bring great benefits such as increased capital accumulation, the combination of resources (skills to do specific tasks, knowledge on certain aspects of the business, business contacts, experiences market) risk reduction (as this is shared, etc.).
But also riding a business partnership can bring many problems in the future, such as personal conflicts, misunderstandings, disagreements, fights of authority and power, etc.
The best way to prevent the emergence of these problems, agreeing in advance any measures to be taken in any situation that arises.
These agreements should be written into a partnership agreement, which must be drafted with the help of a lawyer (preferably one that has nothing to do with any of the partners), and signed by all partners.
The contract specifying all the agreements that have been with other partners, such as:
* Rights of each partner.
* The obligations of each partner.
* Functions of each.
* The capital contributed by each one.
* The procedure to make important decisions or to vote.
* The formula to distribute profits.
Also in the partnership agreement, we must note all measures are taken should any problems or difficulties occur:
* The terms to dissolve or liquidate the company.
* The terms for when a partner decides to withdraw.
* The procedure for resolving conflicts.
* The procedure to bring more capital, if one is required.
Writing a good partnership agreement we avoid many problems in the future, especially when things do not go exactly as I had planned.
Whenever you start a business in society, we must be very cautious, we must always write a good partnership agreement and for that we must always ask what could go wrong in this society?, And bearing in mind that sooner or later there will always be a problem or difficulty.
Many people think that business opportunities are increasingly scarce, either because competition is increasing, it is impossible to compete with transnational corporations, or because everything is invented.
However, business opportunities are always present, markets are constantly changing, needs change, tastes change, customs and habits change, and with it new opportunities arise.
Whether the market is in boom or crisis, there will be opportunities to take advantage, and to better exploit these opportunities, see below some tips:
Patience to wait for opportunities
The first advice is to wait patiently for opportunities, if we want to start a business or invest, but do not know what business or where to invest our money, rather than force things and invest in something that we are not so sure that will succeed, we must be patient and wait for a good opportunity.
But be patient and wait until you see a good opportunity not mean we should stay with his arms folded and wait, but we must be alert to the emergence of opportunities, but we must also look.
To do this, we must remain attentive to market changes, new trends, the emergence of new modes, the emergence of new needs, changes in the economy, etc.
And while we await the emergence of an opportunity, we can keep improving our ability to finance and other business issues, so that, as is this a good opportunity, we can make the best possible way.
Act as soon as possible
We must have patience to wait for business opportunities arise, but as soon as they appear, we must not waste time and act as soon as possible.
As it presents a good opportunity, many people try to analyze it thoroughly, trying to gather as much information as possible and try to anticipate all possibilities, to the point that always end up finding an excuse for inaction or, worse, leave the opportunity ends up being used by another person.
So the recommendation is that once displayed a good opportunity, we gather information about it, analyze it, prepare and act in the shortest time possible, without attempting an exhaustive analysis, gather all available information, or to foresee all possibilities.
And to do so, we must rely mostly on our instincts, and know that once a decision is taken, there will be time to gather more information to better prepare, or to make corrections if necessary.
Act despite fear
With the emergence of an opportunity, many people are dominated by fear, and decide to wait for it to leave or that in any case, reduce, to the point where, as in the previous case, end up wasting the opportunity.
So the following advice is that even if we fear when having to take a chance, if your instincts say it is a good opportunity, we must act and take it without waiting for the fear go away or decrease.
We take a little courage, dare and act despite the fear, knowing it is usually only present at the beginning, and gradually will fade as we put into practice our idea.
Do not wait for the right time
Many people who are a good opportunity and you already have an idea that allows them to take advantage, often decide to wait for just the right time to start putting into practice his idea.
You may sometimes have to wait the right moment to act, but in most cases, timing is always the moment is how to seize an opportunity.
So whether you want to start a project, start a business or acquire an investment, rather than waiting until the right time, the recommendation is that we try to act as soon as possible, probably decide to wait for the opportune moment, this never come.
Do not pay much attention to others
Most of the good opportunities are not obvious and, in most cases, to seem foolish, for what is common to hear criticism or discouraging comments from others when one intends to take a chance.
And what is worse is that many people end up paying attention to these criticisms and discouraging comments from others, and eventually miss good opportunities.
As the last advice is that as soon as a good opportunity, rather than listening to the opinions or comments of others, listen to our own instincts, and seize the opportunity, knowing that most people who achieved success with a project rare, always heard these criticisms at the time.
A common way to start a business online or just start making money online is selling a product online.
On the Internet we can sell any product, just a matter of that the client ordering, cancel via credit card or through any other form of payment (via bank deposit via bank transfer, etc.), Then send you the product to your physical address, or you can download via a website.
However, selling online is not the same to sell through traditional media, why, some products can have high demand on the Internet, while others it is unlikely that someone decides to buy via this medium.
There are basically two types of products are usually sold on the Internet; digital products and physical products, see below each of these alternatives and related tips:
1. Digital Products
More digital products are sold online are digital products based on information (info product), the main ones are the software (software) and eBooks (electronic books), although it is often sell the audios, videos, web templates, etc.
The advantage of selling digital products is that these products do not have to be physically sent to the client, but he once made the payment, you can proceed to download from a website, which allows us to avoid shipping costs, and also gives the customer the opportunity to get your product immediately.
These digital products can be created by ourselves, can be non-digital products, or may be digital products with resale rights, let’s look at each of these alternatives:
Own digital products
Own digital products are digital products created for ourselves. Unless we are good programmers, the easiest thing here is to create or write an eBook.
Par is therefore not necessary that we be great writers, just enough that we have experience, knowledge and passion for a particular topic.
Nor is it necessary to have to write a great work, a novel, or a 200-page eBook, just enough to write a practical manual, a guide, a course, a story, a collection of poems, a recipe book, etc..
For example, if we consider have experience and knowledge on dog training, we could write an eBook on how to train dogs. Or, for example, if we are passionate about the topic of business, we could write an eBook on how to start and run a profitable business.
If to start selling online, we chose this alternative to sell our own eBooks, advice is that when you create it or write it, we focus on what will be our target audience, trying to create a product that is really helps. Another tip is that we take our time in choosing the title, because it will depend very much the success of our eBook.
Others digital products
Others digital products are digital products created by other people, which we sell, usually at pre-subscribe to any affiliate program or system.
Once subscribed to a membership system, every time we get to sell a product, we receive a commission or a percentage of the sale, commission may vary depending on the affiliate system or product, can range from 5% to 75%. Some systems are known affiliates of Amazon and ClickBank.
If to start selling online, we chose this alternative to subscribing to a system of affiliates and third parties to sell digital products, a council that is before deciding on a membership system, much information on the system, look for references, and consider whether the products they sell are really qualifying.
Digital products with resale rights
Digital products with resale rights digital products are created by other people, which when purchased, acquired the right to sell them without paying any fees.
An example would be the packages of eBooks that abound in the network, which to buy, we get the right to sell any of eBooks including, every time we want, and keep the total sales.
As in the case of affiliate systems, if we decide on this option to start selling online, we must try to resell the products are of good quality.
Whether you choose to create your own digital products, we subscribe to some form of affiliate, or selling digital products with resale rights, as to where to sell these products, we can create our own website or online store, we sell in marketplaces or auction sites like eBay, we sell them through the use of email marketing, or, in the case of digital products themselves, we can sell them at special sites that are responsible for helping with this task such as Lulu or ClickBank.
2. Physical products
The alternative to selling online is to sell physical products, among them apparel, discs, spirits, crafts, jewelry, gifts, ornaments, etc.., Products which can create or produce ourselves, or buy them in advance to any provider.
Unlike digital products, physical products should be sent to you once it has completed the purchase, which requires us to incur shipping costs, and labor and time consuming.
However, not all products have the same physical host on the Internet; some can have a high demand, while other one is likely to decide to buy.
There are basically two types of physical products often have success on the Internet: insurance products and original products, let each of them:
Insurance Products
If you just started selling to the Internet, we must ensure that our physical product is a safe product, i.e. a product that the customer be assured that once you have it in your hands, do not be disappointed or dissatisfied. For example, if a customer buys a book on the Internet, once you have it in your hands is unlikely to have any dissatisfaction, complaint or grievance with which you purchased the book, on the other hand, if you buy a dress garment, once you have it in your hands is possible that the garment fits well, or do not like the texture of the fabric, being dissatisfied with the purchase.
Once we have sold our products have created enough insurance and consumer confidence, we can just proceed to sell other types of products (which was precisely the strategy that they used Amazon started out selling only books, then all kinds of products).
Original products
Another type of product that is well received on the Internet are original and unusual products, namely innovative products that are not usually found in the physical markets. An example of original products could be the pet accessories, such as houses, crates, beds, clothes, costumes and toys.
Another example of original products could be the products of a country or region, found that consumers in countries or regions where they live. An example of these products could be local crafts.