The journey to self-employment can be both exciting and challenging. From the initial business idea to the successful implementation of your company concept, there are numerous hurdles to overcome. However, with proper preparation and strong partners by your side, anything is possible. In this article, we will explore the seven steps to consider when starting your own business. From developing a compelling business idea to executing your company strategy successfully, let us embark on the exciting path to self-employment together.
Innovative Idea
A compelling business idea forms the foundation of a successful business venture. It can either be a completely new and innovative concept or a fresh approach to an existing idea. Learn more about developing a solid business strategy.
Choosing the Right Legal Structure
Selecting the appropriate legal structure depends on various factors such as the number of individuals involved, required startup capital, desired liability form (private or only a corporate entity), and the desired public image (e.g., an AG is considered more formal compared to a GmbH). We are happy to provide information on the legal structure that suits your needs.
Document Preparation and Execution
The incorporation process begins with the preparation of all necessary documents (articles of association, public deeds, commercial register application, etc.). These documents depend on the legal structure chosen in step 2. It is advisable to have them reviewed or prepared by a lawyer. This is also a good time to enter into a shareholder agreement or partnership agreement to ensure its validity from the start.
Capital Contribution and Confirmation
For the completion of the company formation, confirmation of the contributed capital is required (only for AG or GmbH). To obtain this confirmation, you must deposit the capital with a Swiss bank, which will then issue the corresponding certificate. We have excellent connections with Swiss banks, allowing for expedited account opening within a few hours in urgent cases.
Notarization of Incorporation Documents
To register your company with the commercial register, all incorporation documents and capital contribution confirmation must be notarized by a notary (only for AG or GmbH). After notarization, the documents are submitted to the relevant commercial register office for registration.
Registration with the Commercial Register and Extract
The commercial register office creates the entry in the commercial register for your new company based on the incorporation documents. It is crucial that the submitted documents are error-free and meet the requirements of the cantonal commercial register offices. Faulty documents will be returned to the issuer for correction, resulting in additional costs and longer waiting times.
Embarking on Entrepreneurship
Congratulations on successfully completing the company formation! Now it's up to you to implement the business plan and execute the company strategy. Keep a close eye on your finances. Managing a company is an art, but with the right partners, you can successfully steer your business post-formation.
We are here to assist you with your startup. Contact us for a free initial consultation.
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