Start your business in Europe: Introduction

  5.How to set up business?

  Setting up your own business can be an exciting time - you just need to take the first step. Here's how to get through the administrative hurdles faster than you think.

  You are ready to start your new business, but have you considered how the decisions you make now will affect its growth? One of the earliest is company structure: you must verify the pros, cons, ongoing filing and tax associated with the main start-up structures, to help you decide which is right for you.

  What is better: to buy an existing business or to establish a new one? To answer that question please see our e-book: “How to set up business in Europe”.

  Investing time into proper planning is key to turning your dreams into reality. Operating a small business is not just about working for yourself or working from home, it's also about having the necessary management skills, industry expertise, technical skills, finance and of course a long-term vision to grow and succeed.

  One of the first things you need to find out when you're starting a business is what laws will apply to you. Having the correct registrations, licenses and permits is fundamental when running your business. They allow you to operate without fear of closure from non-compliance or other legal concerns. In case of any doubts, consulting a legal professional can help you understand your legal requirements, such as registrations, taxes, licenses, contracts, loans, leases etc.

  Is it better to establish a partnership or a company?