First Steps To Take

setting up businessAn entrepreneur, irrespective of nationality, can set up a business enterprise in Ghana in accordance with the provisions of any of the next authorized instruments:- The Firms Code, 1963 (Act 179); the Partnership Act, 192 (Act 152) and the Enterprise Title Act, 1962 (Act 151). Enterprise grants are free funding (money) awarded to qualifying businesses. There are a number of small enterprise licenses and permits that will apply to your state of affairs, relying on the type of enterprise you might be beginning and the place you are situated. Starting a business will be costly so it is vital not to overspend.

There are a number of kinds of authorized constructions you possibly can choose from when setting up a enterprise, now we have detailed them further below. If you’re a restricted company or partnership, your annual accounts, which you will need to legally submit to the government yearly, require all of your information from the annual accounting interval.

It isn’t a great type of finance for starting a enterprise and should solely really be used by trading profitable companies. A marketing strategy is a blueprint that may guide your small business from the start-up phase by means of establishment and ultimately business growth, and it’s a should-have for all new companies.

In my view, and my expertise, a begin-up business typically goes to two individuals: they go to an accountant and they go to a bank manager because to run a enterprise it’s important to have a checking account,” says Marc ‘Dwyer, chief executive of Big Pink Cloud.