5 top main goals when forming a company

What is company?

Learn More About blog says:

A company is commercial business. A voluntary association formed and organized to carry on a business. Any entity engaging in business, such as a proprietorship, partnership, corporation, limited liability, or public limited company.
Example: "a legal service company"; "the Ford Motor Company"; "a company CEO" etc.

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What are common types of company in Latvia?

The most common legal entity set up in Latvia is a limited liability company, also known as a LLC. This type of enterprise provides its owner with business opportunities, limiting the exposure of owner’s private capital to risks and not affecting his personal obligations. There are no restrictions to set up a company - enterprise can be set up by resident, non resident or legal entity. In Latvia a LLC is called SIA. The process of incorporation is not as complex as that of a joint stock company, but still requires time and experience with establishment of such companies.

VAT register in Latvia

Registration as a Value Added Tax (VAT) payer is not mandatory following the formation and incorporation of a company, but becomes necessary if the annual turnover exceeds the limit stipulated by the law. A limited liability company requires the minimum equity capital in Latvia which is almost common also in Lithuania and Estonia; however, there are different ways to invest the capital.

5 top main goals when forming a company

1. Organize your office with stuff, furniture and make it managed.
2. Set up a customer relationship management system. A blog for company can be useful as press release for company public posture.
3. Make business planning part of your daily or weekly routine. Best business does this on daily basis.
4. Make marketing your business more consistent. Simple three words: Telephone, Webpage, Social media presence.
5. Clean up your website. Hire SEO skillful master and one copywriter and put them in common work. I suggest My self (a webpage) as SEO employee.

Also remember to keep in touch with your first clients as the first step in business is crucial!

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