Any business starts with the idea of what you can offer to your potential clients, on what you can make money. So, you have an idea, and you are ready to create a firm.
Currently, the most common form of small and medium-sized businesses is the Economic Society (ES), Individual Enterprise (IE) and there are less common organizational and legal forms of businesses such as joint stock company (JSC) and Open Joint Stock Company (OJSC). The reason for popularity of company registration in the form of Economic Society (ES) is simple.
The fact is that when opening a limited liability company, founders are liable within their share in the authorized capital, the minimum size of which is 2500 Manats. After you have chosen the organizational and legal form of the enterprise and decided to open a company, the first step is to choose the name — Company name. Before you open a company, you need to determine the name of the company, as it will appear in all documents of the company.
An attractive, informative and memorable name will greatly facilitate the promotion of products or services of your company. You can choose the name of the company based on your taste.
There is only one restriction — you can not use logos, abbreviations, and personal names in the title of a company.
