There are many advantages to forming a company. The main reasons why most entrepreneurs decide to register a company are primarily to increase their credibility in running business, opportunities in capital or source of funds as well as conditions for liability in liabilities. The shareholders are liable for the liabilities of the business only for the value that they still owe. The creditors cannot seize the personal assets of the shareholders. However, entrepreneurs must study the relevant laws and prepare for company registration thoroughly, especially new entrepreneurs who have never registered a company before may have concerns about registering a company and there are..

5 things that new entrepreneurs should know before setting up a company.

Company name reservation before filing for registration

Before the establishment of the company, the company name must be reserved by the operator in order to prevent other operators from using the desired company name during the company registration process. The name used must not contain words or words that are contrary to the regulations of the Central Company and Partnership Registration Office about limited company and partnership registration (No. 3) B.E. 2563 (2020). The name must not be the same as juristic person and the operator must apply for registration within 30 days from the date of booking

How much is the registered capital?

Company registered capital is the money that the promoters or shareholders use to start a business which stipulates that there must be a price of not less than 5 baht per share when the law requires that the registration of a company must have 3 or more shareholders, so the minimum registered capital is 15 baht (3 promoters) but the most company are stated at 1 million baht to increase their credibility because it can represent the budget used to run business and the potential for debt repayment of the company. ( Read how much is the registered capital of the company? More here )

Company registration saves taxes, Is it true?

Many of you may have heard that running business as a corporate entity like a corporation can save more taxes according to the current tax rate. Although the personal income tax rate peaks at 35% and the corporate income tax rate peaks at 20%, but registering a company for paying less may not always be true because in the calculation of personal income tax and corporate income tax, there are differences in income. The rate of deductible expenses, the cost of that type of income includes hidden costs such as accounting expenses, audit fees, etc., which must be compared carefully

How many people are registered in the company?

According to the current law, the registration of a limited company must have at least 3 promoters or shareholders, regardless of who they are. This could be parents, sibling, friend or acquaintance but if entrepreneurs can’t find a co-investor, they will not be able to register the establishment of a company. As for the directors of the company refers to a person who has the power to manage and make decisions in various matters of the company, directors may be one of the shareholders or not being a shareholder. However, each company must have at least one director.

Is it necessary to seal company stamp in company registration ?

In registering a company, it is not compulsory that the company must have a company seal stamp. The advantage of having a company seal stamp is that it can be used to verify the identity of a company in various transactions and prevent tampering as compared to using only a signature. It also increases the credibility of the company but in case of the company wants to make a company seal stamp, the name displayed on the company seal stamp must match the registered name and must contain a complete statement of the type of juristic person, whether it is a Thai company seal stamp or foreign language

Where to register the company ?

Entrepreneurs who interested in setting up a company can apply for company registration with the Department of Business Development near their home. The first step is to reserve a company name with the Department of Business Development and when the name submitted is approved, the next step is to provide complete incorporation documents such as a company registration request form, director details, list of shareholders, minutes of the incorporation meeting, Articles of Association, evidence of payment of shares, etc., submit these documents to register the company with the Department of Business Development. However, there are also difficult steps. New entrepreneurs prefer company registration services with company registration specialists because it is convenient both in terms of document preparation and the process that the company registration company will perform on behalf of the entrepreneur. This makes the registration of the company establishment as fast as possible, error free and legal.

PMP SERVE (THAILAND), Company Registration Specialist provides company registration for a variety of businesses such as production and distribution business, business company registration, construction business company, travel business company, hotel, resort, online selling business, etc. Company registration is done by a quality team that is very skilled and experienced in company registration that will help your company registration be fast, smooth and correct according to the principles of the law at fair price.

Register a business, Making an advantage with PMP Serve (Thailand), in one-stop service.

PMP SERVE (THAILAND) is a specialist in accounting and tax services, company registration, limited partnership registration, VAT registration, bookkeeping, auditing, tax planning, accounting system, business consulting services and other comprehensive services. We take care of you by accountants and specialists with long working experience with a quality team that is very skilled and experienced in working at a friendly price. We have consulting services and advice on all aspects of business operations and other related services in detail with over 17 years of experience in the accounting, tax and finance industry. We are confident in providing quality, accurate, accurate and reliable services to entrepreneurs, organizations, businesses, whether small or large corporations and all types of businesses in Thailand. We are happy to provide advice and services to all entrepreneurs.

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