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Do you want to start a company and register it but don't now how to get started?
Here's a
that explain the whole process 
Here's a
that explain the whole process
This thread assumes that you already have an idea, done idea validation, market fit etc which are the product side of your business.
In this thread I'm going to explain the process of registering a company.
In this thread I'm going to explain the process of registering a company.
First step is to have a name and a domain for your company. There are many domain registrars available to buy a domain. Below are the famous ones:
Google Domain Registrar
Namecheap
GoDaddy
BigRock etc
Google Domain Registrar
Namecheap
GoDaddy
BigRock etc
Next step is to legally register your company.
"It all starts with registering the company."
Your company needs to be legally registered if you want to give shares to your stakeholders and go public someday (You know get listed on a stock exchange).
"It all starts with registering the company."
Your company needs to be legally registered if you want to give shares to your stakeholders and go public someday (You know get listed on a stock exchange).
Generally the process of registering is a hassle which involves lengthy paperwork, legal complexity and numerous fees.
Many companies provide services which make this process very easy for you:
Stripe Atlas
Rocket Lawyer etc
Many companies provide services which make this process very easy for you:
Stripe Atlas
Rocket Lawyer etc
The process through these companies is pretty straight forward which involves:
- filling details like company name, co founder details, address etc
- e-sign some documents
- paying a fee (500$ in case of Stripe Atlas)
And that's all you need to do form your side.
- filling details like company name, co founder details, address etc
- e-sign some documents
- paying a fee (500$ in case of Stripe Atlas)
And that's all you need to do form your side.
These companies take care of all the legal work involved and registering your company.
This process usually takes around 1 - 2 weeks.
Once done, they get back to you with all the company documents that you need.
This process usually takes around 1 - 2 weeks.
Once done, they get back to you with all the company documents that you need.
If you want to setup your business in USA, there are different types of business structures:
Sole Proprietorship
Partnership
Corporation
LLC
You need to choose one option depending on the type of your business, where you live etc (I'll not cover these in detail in this thread).
Sole Proprietorship
Partnership
Corporation
LLC
You need to choose one option depending on the type of your business, where you live etc (I'll not cover these in detail in this thread).
Once your company is registered, you need to get a bank account to receive payments from your customers.
If you're setting up your firm at USA, you can use services from:
Mercury Bank
Transferwise
to get your bank account created. These are the ones I've used and they're good.
If you're setting up your firm at USA, you can use services from:
Mercury Bank
Transferwise
to get your bank account created. These are the ones I've used and they're good.
Mercury bank provides virtual cards for your checking accounts and can be used as any debit card to buy things on the internet.
Transferwise provides one of the lowest forex rates.
Chose a service based on your use case.
Transferwise provides one of the lowest forex rates.
Chose a service based on your use case.
Once bank account is setup, you can configure this account on Stripe dashboard, start receiving payments from your customers for the services you provide!
That's it! That's how you setup a company.
Let me know in comments what you think about this thread.
That's it! That's how you setup a company.
Let me know in comments what you think about this thread.
