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3 useful tips for a successful business start-up

Dear readers,

Would you like to set up your investment project by creating a company?

We invite you to take a look at our top tips to help you make the most of your chances.

1. Choice of legal form

The choice of the company's legal form is an important issue, and needs to be decided objectively before the incorporation process can begin.

While there is no such thing as an ideal legal status, there are a number of criteria that will help you find the one best suited to your situation.

These include:

The number of shareholders in the company,
Activities to be pursued within the company,
The link between a company's legal form and its directors' liability,
Freedom of management or administration within the company ...

2. Determining the amount of share capital
How much should you invest in the capital of your new company? Here's a question that needs clarification.

As with the previous question on choosing a company's legal form, determining a company's share capital is by no means an easy task.

It plays an important role in the smooth running of the company, especially at the start-up stage, as it helps to reassure the company's partners (customers, suppliers, bank, etc.) and enhance its credibility in their eyes.

It is all the more important in that it has significant economic consequences.

For all these reasons, it is essential not to take the determination of the amount of your share capital lightly, even though some forms of company set no minimum.

It's a good idea to know what's at stake in your project beforehand, and to consider the needs of your company at this crucial stage of business creation.

3. Choosing a tax advisor

To avoid the numerous impacts, not only for your company but also for you personally, the support of a legal and tax advisor is essential.

In view of our experience in this field, as a tax and legal accounting firm, we can help you set up your investment project by providing you with advice tailored to your needs, and by drawing up financial plans that will enable you to plan for the years ahead.

Should you require any further information on this subject, please do not hesitate to contact our legal and tax team.

Faithfully yours,

Ilham Taha-Bouamri
Chartered accountant and tax specialist

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