As explained in the previous section, the creation of an entity is used in legal fields, to deepen this, it is necessary to understand that a company is an organization composed of one or more people, that is: to perform, produce or transform a product or service. The goal is to take advantage of it. Starting a business is the process that involves the necessary procedures and procedures carried out by a group of people to start a business in order to obtain the formality, benefits and best legal conditions for your company and the partners involved before the various regulatory authorities of the country. At present, there are many legal forms, the most well-known commercial companies: company, public limited company, investment, limited liability company, non-profit organization, cooperative, among others; This allows you to choose the one that suits you best, depending on the purpose of your business. In Mexico, the Sociedad por Acciones Simplificada (SAS) is the new corporate regime that allows one or more people to create their company with all the legal implications. Dear entrepreneurs, get ready, make yourself comfortable, because the Entrepreneur`s Guide through this article will guide you so that you have the right guide to start your business. To start a business in Mexico, about 6-7 steps must be completed, which we have already mentioned. If you estimate the cost per constitution, you can reach about 25,000 pesos. It may seem purely bureaucratic to carry out the entire process of starting a business, but there are benefits that will help you throughout the lifecycle of your business, such as: A simplified scheme for starting a business such as what is called a legal entity (which is ultimately a company) is listed below. Previously, this process was carried out at the Ministry of Foreign Affairs, but since 2015 it has become an SE process. The Secretariat is responsible for approving or rejecting your company name (the name) to form the company. To be able to apply for it, you must go to a notary, who is the one who asks for the name you want to register. If you already have an electronic signature (also known as an electronic signature), you can perform the procedure online.
There may be companies with the desired denomination, but we recommend asking for between 3 and 5 different denominations to increase the chances of approval. If your company has a foreign stake, it must be in the RNIE. Even those with high profits have to submit annual reports. It will be a document that reflects everything related to the company and its legal affairs: name of the company, purpose, type of business, management and control of it, duration of the policy, etc. When this instrument of incorporation is ready, it must be presented to the notary or broker. Keep in mind that when we talk about what the legal incorporation of a company is, it does not necessarily have to be done by a single person, but several can do it, which can bring capital or another asset to start, for example, computers and office equipment. In companies that hire workers, social security is an indispensable issue and must be covered by a high employer of the Mexican Social Security Institute. For a company to exist legally, it is necessary that it be recognized before an authority, which is usually before the State.
It will grant rights such as recognition, legal protection, funding, etc. But this requires respecting tax payments, protecting and promoting labor rights if you have employees, among other things. However, depending on the country you are in, other steps may be added. So don`t forget to ask in your country! And if you want to become an expert in legal procedures for the formation or formation of companies, we have something to tell you: the next thing is to present yourself before the public register of property and commerce, in which the company and the real estate that composes it, as well as its purposes, objectives and commercial objectives, are recorded. To do this, you must submit the following: You must receive your RFC, which specifies the desired tax system and the activities that your company will perform, if you have partners or if there is only one person as a legal representative. Here at Euroinnova, the business school specializing in online training, the course How to start a business is at your disposal, which will be useful to open your business or help others with it.