Starting Your Own Company | Ramblings of an e-trader

Friday, 28 September 2007

Starting Your Own Company

The most basic thing in starting a business is to set up a company. This will give our business professionalism and keep our personal assets protected in case our business venture fails. In business, there is always risk, big or small, and there is no sure gain. That's why we have to take such a precaution.

And I personally know that many people gave up starting a business because they have no idea how to set up a company. I personally engaged a company secretary to do everything for me and all I had to do was to sign the papers, and pay the fees, of course.

A Nevada incorporation and resident agent that I came across recently is a company that specializes in setting up companies for people who first venture into business. This company, which has a website at http://www.incparadise.com/ is not a law firm or company secretary but they will do the paperwork for us for a small fee. I think that this is better than to set up a company our self blindly, filling up the wrong forms, or correct forms but the wrong way with conflicting information.

According to Inc. Paradise, the most popular state in America to set up a company is Nevada. This is because Nevada is business friendly and there is no income tax to pay. This means all Nevada corporations are tax exempt!

Not only does Inc. Paradise offer administrative services in registering a business corporation, they also provide a virtual office to these new businesses where monthly rental starts from $45 only. This fee includes the use of their office space and office automation. Inc. Paradise understands that it is not easy to get a business off ground and they are trying to keep it as cost effective as possible for new business people.

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