Connect with us

Hi, what are you looking for?


4 Hacks to make your company incorporation easy

global business

Just as every Success story begins with a first step, every corporate venture begins with the incorporation of your company.

Are you an up and coming entrepreneur who plans to start a new company? An experienced professional shifting country?

Fear not, the process is not as difficult as you think. Incorporation can be done by just about any individual, regardless of experience.

Millions of companies are registered daily across the world, the total number of countries is quickly approaching 200 million. Source: datapo

This article teaches you how to make company incorporation a fast, easy, and hassle-free process.

What is incorporation of a company?

Incorporation of a company is a reference to the legal procedure used to form a company or some other corporate entity. Such a company can be legally recognized as its own entity. They may be identified with terms like “Inc” or “Ltd”.

There are two main divisions of corporate entities:

  • C-Corps: These types of companies are taxed twice, once at the company level and once at the shareholders’ income tax.
  • S-Corps: For S-Corps, profits and losses pass through an owner’s tax returns and are taxed at their own income tax rates

Why is it necessary to incorporate your company?

Incorporation of business is a significant step in the growth of a company. It gives weight to the name of your company, customers, investors and lenders tend to take this term quite seriously.

The title of incorporated business grants you, the owner, and other shareholders several tax benefits and protections against lawsuits and other legal dilemmas. This, as well as the added label, will be your key to a future in the business world.

Here are a few key tips to remember when incorporating a company:

Being Aware of Local licensing Laws and Zoning Structure:

Being well aware and staying within the legal system of a state is the first rule when setting up a licensed corporation.

Licenses are not a prerequisite for all industries, however, industries like the food and beverage industry, education, healthcare, and childcare do require special permissions.

Making sure you have the clearance of all the required governing bodies before the actual registration can save you a lot of hassle.

   Using Companies and Agencies to Assist with your Registration:

For most new entrepreneurs and those planning on starting a company abroad, setting up your first business can be quite scary, especially when you incorporate in Singapore, Malaysia, and other such countries where there are few direct means for a foreigner to register a company directly.

Hiring a registered filing accountant or a director of native origin is the only way to get your company up and running. This service is offered by several agencies and can help get the registration process go smoothly.

   Collecting the Required Documents: 

Having the necessary documents in hand when going to register your company will help the process run smoothly. In most countries the required documents will include:

  • A unique name which you must reserve.
  • An article of incorporation or corporate charter includes specific details about the business such as the type of business conducted, purpose and number and type of shares.
  • Identification details and address proofs of your company’s directors or registered agents may also be required.

The required documents will be available on the website of most financial ministries of the country or will be explained by the agency.

Post Registration formalities:

Once your documents have been verified by the authority in charge and you have been officially registered as a company there remain many things you have to do.

These include:

  • Setting up a corporate banking account, for most corporations having a corporate banking account is imperative to conducting company transactions.
  • Conducting your first board meeting, this is where the board members formally adopt articles of incorporation, pick a seal, issue shares of stock to shareholders, and officially elect officers.
  • Calculating your estimated revenue.
  • Starting a corporate records book.
  • Maintaining tax records.

Following these hacks while setting up your first company will streamline the path to your dream corporate. By following local laws and regulations, hiring agencies when required, and having the required documents at hand, your incorporation process will be a breeze.

Read more:
4 Hacks to make your company incorporation easy

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



GROSS BORROWINGS by the National Government had reached P2.75 trillion as of end-October as it continued to raise money for its pandemic response, preliminary...


By Luz Wendy T. Noble, Reporter THE PHILIPPINE Statistics Authority (PSA) said the base year for the consumer price index (CPI) will change to...


SOME INDIAN COMPANIES, including those from the pharmaceutical industry, are interested in investing in economic zones in the Philippines, according to an India Business...


By Keren Concepcion G. Valmonte, Reporter HOSPITALITY GROUPS expect a rebound in tourism as coronavirus disease 2019 (COVID-19) vaccination rates continue to improve and...


BUSINESSWORLD’s Luz Wendy T. Noble was recognized as the Best Reporter of the Year for Banking at the 30th annual awards of the Economic...


THE Securities and Exchange Commission (SEC) has flagged eight more entities in separate advisories for their unregistered investment solicitation programs. These offerings are PH...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.