USA:-
STEP 1: DETERMINATION STAGE
Determine what exactly you want to do, where and how you want to do it, how much it will cost and whether or not you have the budget. In this step, you need to determine:
- Where to establish your US business
- Where to incorporate your US Company
- Your need for protecting your intellectual property
- Whether you will need any special licenses
- Your need for visas or other immigration needs
- Your need for business staff
- Your need to access the capital markets in the US
- Your need for marketing, supply chain and other support services
- Information on tax incentives availability options available to minimize tax burden
Free business planning templates are available from SCORE (Service Core of Retired Executives) As an alternative, you can use the lean canvas designed to organize the strategy for a startup business. It’s free for 30 days and very useful. (We are not related to this site in any way).
STEP 2: PLANNING STAGE
In the Company Planning Stage you will determine such practical matters as:
- The name of the company
- Whether to be a corporation or a limited liability company
- Which state to incorporate in and which states to register in
- Determine the capitalization of the company (how many shares at what par value, and how much each shareholder will contribute to the company as their capital contribution
- Determine who will be the shareholders, officers and directors
- Determine the roles and responsibilities of the company’s officers and directors
STEP 3: ACTION STAGE
After completing the Company Planning Stage, the action stage should be very smooth and fast:
Provide the necessary documents
- Form the company
- Register the company in other states as needed
- Hold the organizational meeting, appointing the officers and directors, issuing shares to the shareholders and taking such other actions as necessary
- Obtain the federal Employer Identification Number(EIN)
- Open your bank account
- Start business: buy, lease or rent office space, hire employees, market the products, etc
UK :-
To set up a limited company you need to:
- Have a name and address for the company
- Register with Companies House
- Have at least one director
- Have at least one shareholder
- Have articles of association (agreed rules about running the company)
- Set up your company for Corporation Tax
INDIA :-
Incorporate your Business (Private Limited Company)
Discover the essential steps involved in incorporating a new business in India
- Name your business entity
- Register for e-filing at MCA portal
- Apply for Director Identification Number (DIN)
- Obtain Digital Signature Certificate ( DSC)
- Register DSC at MCA website
- Apply for approval of the name of company
- Formulate Memorandum of Association
- Formulate Articles of Association (AOA)
- Verify, stamp & sign AOA
- Forms required for Incorporation of Company