The next step is to open a business account with a bank. If you start a business in the form of a sole proprietorship, there is no formal requirement to open a business account. However, having a company account makes it easier to distinguish between your private money and the company’s money. Other reasons to get a business account are that you can connect a bank giro to it and that you don’t have to give out private bank account numbers to anyone. Legal entities such as limited liability companies and trading companies must have a company account.
One reason to register and thus protect your business name may be if you intend to operate your business in a competitive industry where the brand is important. If you run a smaller business, perhaps alongside an employment, the brand probably doesn’t play as big a role.
Certain activities require a permit. This may apply, for example, if you want to run a restaurant or a café, as you need a permit for food handling. Banks and other financial services must have permission from the financial supervisory authority, which also applies to insurance companies.
Handling animals has many different rules and regulations, and there you need a permit from the county administrative board and sometimes also a permit in accordance with the environmental act. Trade in chemical products such as scrap cars, manufacturing industry and several other activities belong to what is called environmentally hazardous activities and also require a permit.
Contact a business adviser in your municipality to find out if your particular company needs a permit and how to go about obtaining the permits you may need. If your company is to sell goods or services against cash payment or if your customers are to pay by credit card, you need, with certain exceptions, a cash register. The cash register registers all payments in a database and serves as proof that the purchase or sale has actually taken place.
Get a staff lounger
You who are going to start a company in the construction industry, vehicle service, in the construction industry, vehicle service, body and beauty care, food or tobacco wholesaler, the restaurant industry, or the laundry industry must bring personnel. A personnel list is a list of who is active on the construction site or in the business premises.
Take out the necessary business insurance
When you start your own business, you need to take out insurance, both for your company and perhaps for yourself. If you have employees from the start, you must have insurance for them. Which type or types of insurance you need depends on what your business looks like, if you have an office or employees and how any damage could affect your business.