Setting up your own business is technically not so difficult.
Every year, facilities are introduced that make it easier to start with your own business.
It is a bold step in the mental sphere and if we move from a full-time job to a “one’s own” it is a complete change of the whole organization of work. Let’s see how to set up this activity and what to keep in mind.
How to start a business?
The first step leading to starting your own business is completing the CEIDG-1 form, i.e. the entry to the Central Registration and Information on Economic Activity. You can do it in the Warsaw City Hall relevant for the address of the Company or online on the company.gov.pl website.
The form obliges us to define the type of our activity. Specially created Polish Classification of Activities (PKD) contains a list of activities that we can perform as entrepreneurs. We only enter the numbers that form the profile of our company. It is worth knowing that there is no limit to entering PKD numbers.
While entering information to the form, we will also have to enter information regarding the form of income tax. What kind of taxation we have to choose:
- tax card,
- tax on recorded revenue without deductible costs,
- general rules,
- flat tax.
Most entrepreneurs decide on a tax scale or on general principles. However, it is worth to make an informed choice and get acquainted with the other options.
CEIDG form also requires us to indicate the entity that will keep our accounts. In case we do not have a chosen company yet, it lets us mark the option of self-managing of the documentation. We will then update the application with the accounting office’s data.
Starting a business – golden advices
When organizing a new workplace, it is worth getting acquainted with several valuable tips that will make setting up a company much easier.
If we fill out the CEIDG form online then let’s decide on the so-called Trusted Profile. It is a sure way to correctly sign the application electronically. We may be tempted to simply fill out the form on the websites of various banks, but this also involves signing contracts for company accounts and even additional services.
Another important thing is the choice of accounting services. Accounting offices will not necessarily be cheap or small, but there is a risk that we will find someone unreliable. An excellent solution, especially at the beginning of running your own business will be internet accounting. Subscription for online accounting services is approximately PLN 100 net. In return, we receive a convenient program to run a company in which we issue sales invoices, we will have access to detailed reports, debt collection, etc. What’s more, a consultant will be assigned to our company, which will settle each month and advise as needed. These types of programs also enable running a warehouse, they also create all tax records and declarations, including UCF (Uniform Control File) and send them electronically to the appropriate offices.
And what about the stamp? Starting a business does not oblige us to have a company stamp. However, having it can be useful. The cost is not high. Most official prints and forms have a place for a stamp. We can also place a stamp on invoices or commercial contracts.
What do you need to remember?
While submitting signatures under the forms when starting a business, we cannot forget that we need a bank account on which we will get paid for services rendered or products sold. It is difficult to imagine a situation in which we would not have an individual bank account anymore. That is enough. When we have a business, we will be more likely to be called micro-entrepreneurs. This means that we can provide our individual account in the CEIDG application as a company one. Then it will serve two functions – as a private and company account. The advantage of this solution is that we do not incur additional costs for maintaining a company account. The downside may be “mixing up” private and corporate expenses.
For clarity, it is recommended to separate the company and private accounts before tax. Remember, however, that we do not have such an obligation with a sole proprietorship.