How do you set up your first business? Explore the options available
Setting up your first business is not complicated. You can do it yourself through the GOV service or use the online banking of selected banks. Both options lead to registration with the CEIDG.
Each solution has its advantages. The GOV form gives you full control over every field and is good if you want a smooth step-by-step process. Registering through the bank can be faster, as some of the data is filled in automatically and you can open a business account straight away.
However, it is worth bearing in mind that not every bank offers full integration, so sometimes you will still go through some of the settings after you have already applied. Objectively, what matters is to choose a way in which you feel confident and which will allow you to go through the whole process correctly, without complicated formalities.
Setting up a company step by step – try online banking!
The process of setting up your own company together with the simultaneous opening of a company account is probably the most convenient solution. This saves you time and, at the same time, all the most important issues are dealt with in one sitting at the computer.
It is worth knowing that you can set up a company account and a company itself from the level of Internet banking without leaving home, even in 30 minutes, and with a wide package of benefits worth up to several thousand zlotys.
Step by step…
- You set up your business and register it in CEiDG on a properly completed electronic application – remember about the name, correctness of data, PKD codes and choosing an appropriate form of taxation.
- You open a company account to easily manage your finances from day one of your business.
- You then receive expert support to help you complete all registration, tax and Polish Classification of Activities (PKD codes) formalities.
Finally, you choose the preferred banking services you intend to use, e.g. a payment terminal, a medical package or even the assistance of the accounting department – you will find all this in Credit Agricole’s offer.
What should you do in the bank after registering your business?
Once you have registered your business, it is worth sorting out your financial affairs quickly. This is the moment when you can separate your private and company finances and prepare the basic tools for handling payments. This makes it easier for you to control costs and documents from day one.
Once you have all the formalities for registering your company with the authorities in place, you can…
- Open a company current account – it makes your accounts easier and allows you to separate your private and company expenses.
- Set up access to online banking and apps – you can make transfers faster and monitor receipts.
- Activate a company payment card – allows you to make day-to-day purchases and payments in the field.
- Check the offer of an auxiliary account – this can be useful for setting aside funds or distributing receipts.
- Set up basic limits and notifications – allows you to control your balance and respond more quickly to unplanned charges.
Also try to check out the invoicing and accounting integration tools available. This is useful, especially if you intend to grow the business quickly and the number of commercial documents will increase at an express pace. It is also useful to know what banking products are available to entrepreneurs, such as business loans, which you can choose to keep your new company afloat.
Own your own business yourself or with the help of a bank expert? Summary
Setting up a business on your own gives you full control over every stage, but requires time and thoroughness. With the help of an expert from the bank, you can go through the process faster because some of the paperwork is automated. The final choice depends on which mode you work in and how comfortable you are with the paperwork. All that matters is that the whole thing is correct and in line with your needs.
More and more entrepreneurs are choosing to register via online banking, because it is possible to combine two steps in one process. Registering with CEIDG and opening a company account is a practical start, especially if you are in the retail or service industries. The company account is an essential tool for handling payments, settlements and invoices. So you can get started more quickly and have your company’s finances in order right away.
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