Business start up plan requirements

REGISTERING A BUSINESS. – Apply for and register a name. – Apply for Articles of Incorporation for a LLC Company. – Submit notice of Directors, notice of address of business and notice of secretary. – To attain a certificate of incorporation, submit name registration, articles and notices. – By laws: structure of company (use template 1) All of the above can be completed at the Registrar General’s Department of the Ministry of Legal Affairs.

Business start up plan requirements BANK ACCOUNT: – Certificate of Incorporation – Notices – By Laws – Director’s proof of address, two forms of ID and a utility bill. – Projected Financials.

Business start up plan requirements TAXATION: – Apply for company BIR file number at the board of Inland Revenue. – Registration Covers: PAYE, Health Surcharge, Corporation Tax. – Vat: Register at the BIR office; registration can be done before trading begins, providing the company has a contract. – NIS: Register at the National Insurance Board.

Business start up plan requirements INTELLECTUAL PROPERTY PROTECTION. – Patents, Trademarks and Copyrights. – Patent: Protecting a process and/or product that are capable of industrial application. – Trademark: A product or service as a brand that can be differentiated from other offerings, e.g. company name, logo, domain name. – Copyright: Music, film, broadcasts including software, e.g. unauthorized copying or reproduction of an item.

Business start up plan requirements LICENSES: – Importation License. – Duty Free Permits.

Business start up plan requirements LAWS AND ACTS: – The Companies Act of 1995; laws relating to operation of a company. – WTO Standards Act of 1997; governs the preparation and promotion of standards for goods and services. – Data Protection Act of 2011; protection of personal privacy and information. – Computer Misuse Act; prohibits any unauthorized access, use and interference with a computer.

Business start up plan requirements LAWS AND ACTS (CONTINUED): – Recruitment of Workers Act; To regulate the recruiting of workers. – OSHA Act; Safety, Health and Welfare of persons at work. – EMA Wastewater Management Act of 2000; EMA waste management of hazardous materials and laptops.

Business start up plan requirements LAWS AND ACTS (CONTINUED): – The Patents Amendment Act of 2000; Governs the protection of inventions. – The Trade Marks Act of 1997; Protection of trademarks. – The Copyright Act of 1997; Protection of copyrights. – Minimum Wages Act of 2014; An Act pertaining to the terms and conditions of employment.