company
The company (English: Company) is an association that was formed and organized in order to conduct business, and the company is divided into a group of types, the most important of which are sole proprietorship companies, limited liability, limited public, partnership companies and others,[1] and the company is defined as the formation of a person or group Persons for commercial business, such as shipping companies.[2] Another definition of a company is that it brings together individuals in order to carry out a common work between them, whether for social or commercial purposes.

How to set up a company
Many individuals seek to establish companies to implement businesses in certain fields; Therefore, it is important for everyone who wants to establish a company to understand how to establish it, which contributes to achieving success for the company and ensuring its continuity. The following is information on how to establish a company:

Researching and preparing a business plan: it is the first step in establishing a company; The owners of new companies must be keen to formulate a business plan for them that contains a summary of their business, with a full analysis of the current market, financing requests and financial information, and a summary of the organizational and administrative structure of the company, with a definition in other departments and sections, such as marketing and production line.

Participation in training: one of the most important recommendations for the success of establishing a company; The owners of the company must participate in the business advisory groups, which contributes to the discussion of special ideas in the company, and also may cooperate with an expert in order to obtain his advice and support in establishing the company.

Choosing a site for the company: is to search for a place in which to establish the company, and it is important that this site be distinguished by a set of advantages, such as easy access to customers or the public, and it must be close to other competitors in the field of work, and also before choosing the company’s site must Ensure the nature of local laws within the commercial and residential area.

Obtaining financing: It is the search for financial opportunities in order to establish the company, and they often include obtaining small loans, financial grants, or investment capital; That is, reliance on foreign investment in securities, such as bonds that are issued tax-exempt by the government of the country in which the company will be established.

Obtaining licenses and permits: It is the last step or stage in establishing the company; Its founders must submit applications for obtaining all appropriate licenses and permits to proceed with the work of the company, bearing in mind that these licenses vary between regions and countries, and among the most important permits that must be obtained for the company are providing a tax identification number, registering local and government taxes, and other things. Other permits.

Self-review: is the process that depends on the owner of the idea of ​​the company to evaluate himself; In order to determine the extent to which the characteristics of typical businessmen are achieved, this does not mean that the idea of ​​​​establishing the company is not great, but the owner of the idea may not have the skills necessary to start the company.

Idea development: is to seek to market the idea of ​​the company's project in order to get money; By developing the company's business ideas, which contributes to the delivery of the service or product to the public and customers.
Preparing a financial budget: It is a measure that determines the amount of money that the company needs, and this contributes to knowing how much products will need to be developed based on the marketing plan.

Determining the structure of the company: It is choosing the nature of the company's ownership within the various forms of corporate ownership, such as sole proprietorships, limited liability companies, or cooperative (non-profit) companies.
Selecting and registering a trade name: It is the identification of the private trade name in the company’s activity, and then checking its availability on the Internet, and finding out if it is available for use in the country in order to register it with the competent authorities.

Reasonability test: It is a measure of the extent to which the company's business idea can be transformed from a mere idea to something realistic and real; By asking a series of questions, such as; Is the service or product something that customers want and need? Is it possible to achieve profits from the work of the company?
Market study: It is a study that helps determine the special market in the company's work; By contributing to its evaluation, and knowing the nature of potential customers to purchase products or obtain services.

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