Both business veterans and novice business owners often want to start a business for a variety of reasons. Whether you are seeking asset protection, a more tax friendly strategy, or simply the prestige of owning your own business, company registration can be desirable on a number of different levels. However, due to the recent global currency crisis, many countries have tightened their regulations and requirements for incorporation. There are now many regional, cultural, and business requirements that must be met in a very specific way for a successful business incorporation. Obviously, you also want to benefit from as many advantageous trading strategies as possible. That’s why you need to know what to look for in a company formation specialist. The following five traits are the most desirable attributes to look for in an incorporation registration specialist.
1. Free initial consultation
Many company formation firms will charge an upfront fee for a business package or even for the initial consultation. A well-established and respected firm will always provide you with a free consultation to discover the best way to achieve your business goals. Many of these firms have a very friendly and easily accessible online chat consultation. You can also call or send an email expressing your wishes and interests.
2. A wide range of options
The needs of your individual business may not be the same as those of any other business owner. In truth, they most likely are not. This is why you should stay away from any company formation company that has a limited number of options. From limited liability corporations to corporations and joint stock companies, you need as many options available as possible so you can get the right mix for your business needs. A respected and experienced business incorporation firm will never try to fit you into a business entity that is not a better fit for your needs.
3. Work with respected and experienced local businesses
Whether you’re incorporating in Europe, Australia, the United States, or some other country, you need to hire local people who understand the business climate and culture of the place you’re incorporating. Experienced company formation firms have developed a reputation with local accountants and lawyers who make your incorporation work smooth and profitable every time.
4. Low cost
Incorporating, whether in the United States or abroad, doesn’t have to cost an arm and a leg. In fact, commercial packages, such as a virtual office with local phone number forwarding and address forwarding, are very cheap. Don’t be fooled by companies that would have you believe that the more money you spend, the better corporate entities you will get.
5. speed
Sometimes, due to time constraints caused by whatever issue you have, you need a business entity up and running right away. Company formation companies that have been in business for an extended period of time have developed resources that allow you to incorporate, in some cases, in 72 hours or less.
Starting a business doesn’t have to be expensive or cause headaches. But you also shouldn’t have to do all the legwork and paperwork yourself. Make sure the business registration company you use, whether for US or foreign incorporation, has all five of the above traits, and your company formation efforts will be timely and rewarding.