Question

Explain the process of founding a company. (Create your own random scenario for this) and make the foundation bookings.

Answer 1

1. Identify your product or service

2. Create a business plan to enter into the market

3. Select your entity type such as sole proprietorship, partnership , LLP, company, corporation

4. Search the state to which you want to organise your market

5. Choose select and discover the company's name compiling the regulations governed

6.prepare the articles of association and the company rules and procedures to be followed within the company

7. Obtain the company identification number and necessary permits and licences to run the business

8. Make a strategy and obtain into the company and start the marketing of your product