Did you know that your company will only be good if you have official permits and the approval of government entities?

The first step would be to seek expert advice on legal issues. Then, dedicate yourself to choosing the legal formula you will use. Finally, the completion of all the paperwork with the administration. If you want to know how to establish a company, keep reading this post!

To clarify all your doubts about this and other related topics, you can contact us at PCP Consultores. You will find the personalized advice that you need so much.

What does the constitution of a microenterprise imply?

Incorporating a microenterprise is the legal process used to form a business legitimately. In other words, it involves how the process of obtaining the company’s legal documentation is organized and created. For example,

· The articles of incorporation.

· The list of shareholders of the microenterprise.

Within these first procedures, the conception of the business idea must also be attached. Also, the business plan, its parts, and the choice of legal form.

After completing this, the majority shareholder and legal counsel will begin to focus on the next steps.

Steps for the Constitution of a Microenterprise

To achieve this, shareholders must find legal help to approve the paperwork. With that in mind, the steps to follow are listed below:

1.    Obtain the company name certificate

The business name is the name of your company. Therefore, it is one of the most critical procedures. It is also considered the first step since it will represent you before the administration.

Once the name has been decided, you must request a company name certificate from the Central Mercantile Registry. In case no other company bears the word, you can go to the next step.

2.    Establish the share capital of your company

Social capital refers to the contribution of each one of the partners to the constitution of a microenterprise. In Mexico, partners must contribute a minimum amount of 3,000 pesos. Each partner must initially contribute at least 50 percent of their total participation.

3.    Draft the statutes of the microenterprise

The statutes of a company are those that contain its basic information. For example, the number of partners, the capital contributed by each one, the percentage that belongs to the company, etc.

In addition, said statutes must also indicate the rules that define the relationship between the partners and the company’s relationship concerning third parties. Finally, they will bring the guidelines to follow to solve possible problems that arise in the future of society.

4.    Determine your company’s administration system

Here you will have to establish what type of company you are creating, for example, one with a single administrator, joint and several administrators, or joint administrators. You must also decide who or who will be these administrators.

5.    Establishes the registered office of the company

The registered office refers to the place from which the microenterprise is managed and directed. Said registered office may differ from the place of business or work center.

6.    Open a bank account for the company

It will be the crucial step for the microenterprise to start operations. The account can be checking, savings, payroll, or currency.

7.    Hire human resources

The staff is another of the pillars of the company. However, you must know what you need. When you know, advertise your vacancies and determine the economic proposal. Then:

· Select the candidates you need.

· Sign the contract.

Finally, hire specialized services or worker services. That is, cleaning personnel, surveillance, and technology, among others.

8.    Register the company with the IMSS

It is a free procedure that grants security to both the company’s employees and the owner. It is because they are in charge of preventing and attending to eventualities that could put health and productivity at risk. You must do it at the Mexican Institute of Social Security (IMSS).

9.    Register your trademarks and patents at the IMPI

By doing so, you will be guaranteed the exclusive use of your creations. In addition, you will also obtain the legal support of the Mexican Institute of Industrial Property (IMPI) in case of illegal exploitation or plagiarism.

As you can see, it is a simple process, but it can become complex if you do not have advice. For you to be successful in the process of setting up a microenterprise, you must have help. At PCP Consultores, we are ready to do it. Contact us, and do not take risks.