Have you just obtained your Kbis extract certifying your company's registration?
Unfortunately, there are still some administrative formalities to be completed before you can fully immerse yourself in developing your business!
Focus today on the 4 steps to remember to take after setting up a business!
The first thing to do after registering your company is to release the contributions deposited in a blocked account. To do this, you need to make an appointment as soon as possible with the banker responsible for blocking the accounts.
You will then need to provide him with the Kbis extract obtained when you registered, which will enable him to :
-
Unlock cash in cash
- Open your business bank account
Secondly, it's important to check the tax information you've entered about your company.
After all, right from the start of your business, your company is likely to be subject toa tax audit.
This is why it's important to match your company's tax situation with the content of your information, so that you're in the clear.
Next, you'll need toinsure your business. Apart from exceptional cases, it is recommended, or even compulsory (for construction companies in particular), to insure your company in order to carry out your activity. So, as soon as you submit your application to set up your business, you need to take the necessary steps to meet with insurers to find the best way of insuring your activity.
In this respect, a distinction must be made between company-related insurance and insurance more directly linked to the manager of such a company.
Insurance for companies and their activities
This isbusiness insurance. This type of insurance will protect you against damage to your customers, your premises, operating losses, and the company's assets in their entirety. In many cases, "multi-risk professional" insurance includes civil liability insurance, which provides comprehensive protection for your business. It should be noted, however, that the contents of such insurance may vary according to your needs.
Insurance for company directors
As far as the executive is concerned, it's important to consider his or her social protection, taking into account his or her social security system, whether Sécurité Sociale des Indépendants or Régime Général, as well as the remuneration projections then in place. In addition, you need to take into account complementary contracts, such as a mutual insurance company, a potential supplementary pension scheme or a contingency plan.
Finally, we strongly recommend that you take out a personal liability insurance policy for your company's directors and officers.
Finally, it will be necessary to set up the company's invoicing and accounting systems. The latter are part of the overall operation of setting up the company's commercial documents.
Drawing up the company's commercial documents
Invoices, purchase orders, estimates and delivery notes... a company's commercial documents are many and varied. These must be drawn up as soon as possible after the company is registered.
One of the most important of these documents is the company's accounts.
There are several choices to be made:
- First of all, you need to identify the accounting firm that will be working with your company .
- It will be necessary to determine how the company's accounting will be managed if at least part of the accounting is handled internally.
- What's more, you need to choose your accounting software .
Finally, it is necessary to organize the accounting system
To do this you need :
- Drawing up a company chart of accounts
- Determine the frequency of accounting system updates
- Determine the distribution of accounting work within the company
- And finally, the method for filing and archiving accounting files .
In conclusion, these few additional steps to be taken after registering your company are important and essential to ensure its long-term survival.
Written by our expert Quentin Moyon
June 25, 2018
