The creation of a business company or even a sole trader in Bulgaria is an activity that is important to be done by the rules, because the appearance of a newly created business depends on it. Many people believe that they can successfully pass the administrative and bureaucratic procedures, with the intention to save the fee that would have paid to the specialist performing registrations of companies. Not long after, the majority of these people find themselves so entangled in red tape that ultimately again recourse to an expert, which is a waste of time and money.
If you want to avoid the bitter experience and start as soon as possible your business activity it is important to select a team to take on the entire burden of the cumbersome procedure. During this time, you can focus to the activity, corresponding to your competence, laying the foundation for a successful and prestigious business.
5 reasons to trust the professional registration of companies
The reasons to trust the professionals are many, but here we will suggest only 5, we believe that their significance is greatest. Most of us don’t soberly judge the situation until we understand from experience how great is the difficulty to fight the bureaucracy not having the necessary competence and experience. Here are the main reasons ordered but not prioritized.
- The ability to correctly choose the right type of company
The fact that we have decided to list our activity in the Commercial Register is only the beginning of a series of important decisions. Choosing the type of company that we’ll register is much more important and responsible because it will affect both its appearance in front of customers and business partners, and the subsequent accounting and tax burden that we’ll have to take. Professional services enable us to be informed about the differences between a sole proprietorship, Ltd., SA, a joint-stock company, shareholding, etc. and to register the type of company meeting our needs.
- Preparation and submission of the documents
The documents drawn up in the process of registration of a company are many, and for different types of companies are required declarations and applications within the meaning of various articles and paragraphs of different laws and regulations. Although around the Internet it’s possible to find the basic requirements and even forms to download and fill ourselves, nothing ensures us that our documentation will be in order. The preparation of documents is a long and complex process and their acceptance as valid is not guaranteed in case of errors as inevitably any layman makes.
- Visiting various administrative institutions
The procedure of registering a company in the Commercial Register is not the end of the saga in launching a business. It takes visits to banks, NRA, NSSI, municipalities and all this is connected not only with time but also with a lot of nerves and patience. Once time is money it’s foolish to waste it in vain, renouncing the help of professionals who will take on the task as soon as we delegate them to make it through a notarized power of attorney.
- Option to take advantage of other services in the future
Many companies specializing in the registration of companies offer a wide range of legal and financial services. One such firm may become a permanent partner from which our business will only gain profit. Different companies also offer accounting services and preparation and filing of tax returns and publication of such – a mandatory requirement for certain activities.
- Preparation for audits and protection of our interests in front of the tax authorities
Each business is subject of control by the tax authorities. Often because of lack of knowledge we make mistakes that create preconditions for serious sanctions. Using the services of the right company specialized in the registration of companies – we can call and ask for the assistance of a specialist to prepare our company documentation for upcoming inspections, audits and revisions in order to avoid any possibility of eventual sanctions.