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Home | Why | Pillars | Systems | Team | Corporate Setup

Corporate Setup

Establishing a corporate presence is a critical step in launching your business. This checklist outlines the essential tasks for setting up a single company, whether an LLC or PTY, which will engage in trading and hold all intellectual property. It is crucial to seek professional advice before proceeding, as the following steps are general in nature and may not encompass all specific needs.

Checklist

  • Choose a Company Name: Select a unique and appropriate name for your company.
  • Register Your New Company: Complete the legal formalities to officially form your company.
  • Open Bank Accounts: Set up business banking accounts for financial transactions.
  • Register for Tax: Ensure compliance with local tax regulations by registering your business.
  • Purchase and Implement Cloud Accounting Software: Acquire accounting software for financial tracking and management.
  • Obtain a Domain Name: Register a domain name that aligns with your company name.
  • Create a Website: Develop a professional website detailing your company's information and offerings.
  • Create Email Addresses and Acquire a Cloud Commercial Email Platform: Set up professional email accounts for your team.
  • Create a GitHub Repo: Establish a repository for your software projects and code.
  • Create Required Cloud Accounts: Set up necessary accounts for cloud services relevant to your business.
  • Decide Office Location: Choose a physical location for your office, if necessary.
  • Create Basic Sales Kit: Develop materials for your sales team, including brochures, presentations, and price lists.
  • Create Product Roadmap: Outline the development timeline and milestones for your product(s).
  • Start Build: Begin the development and building process of your product or service.
  • Start Selling: Initiate marketing and sales efforts to promote and sell your product or service.

Extended Steps

  • Develop Branding and Marketing Strategies: Create a strong brand identity and marketing plan to effectively reach your target audience.
  • Secure Business Insurance: Obtain the necessary insurance to protect your company from various risks.
  • Implement Customer Relationship Management (CRM) System: Set up a CRM system to manage customer interactions and data.
  • Hire Key Personnel: Recruit essential staff for various roles in your organization.
  • Establish Company Policies and Procedures: Develop clear policies and procedures to guide your team's operations.
  • Conduct Market Research: Understand your industry, competitors, and customer needs through thorough research.
  • Develop a Financial Plan: Create a detailed financial plan, including budgeting, forecasting, and funding strategies.
  • Establish Partnerships and Alliances: Form strategic partnerships to enhance your business capabilities and reach.
  • Plan for Scalability: Prepare strategies for scaling your business operations as you grow.
  • Set Up IT Infrastructure: Ensure robust IT systems and networks are in place for efficient operations.
  • Compliance and Legal Checks: Regularly review and adhere to legal and compliance requirements relevant to your business.
  • Engage in Continuous Learning and Development: Invest in the ongoing learning and development of your team to keep skills sharp and up to date.