In reality, no one can predict what will happen in my country because anything can happen at any time depending on what you have and who you have. It might require a longer process and more time if you don't have anyone to take the risk for you.
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I agree with your point wholeheartedly. Sometimes, document submission and other aspects of registration can stall you immensely when trying to legitimize your company.Well, the process of registration takes a really long time in case you own a really huge company and if a lots of document are required in order to register your business. This could be really tricky as well because you may also need assistance of a lawyer in some cases.
You are quite right , education is the best legacy , but what if you are in a situation when you dont have money to further your education , but if you can work and save money for sometime , you will be able to go back to school .First and foremost, you should concentrate on getting good grades and finishing your education. You should go to school and campus to learn, not to conduct business. Once you have earned your university degree, you are free to pursue your interests.
To convert a business name to private or public limited will take some months and it will cost you to repay for the new registration in my country.Not many people know that a registered business name i.e, sole proprietorship can be converted to a private or public limited company if the need arises. A friend got his done in two months so I want to know how long it took you as well.
To convert a business name to private or public limited will take some months and it will cost you to repay for the new registration in my country.
The period needed for you to convert a registered name to a limited company depends on the country you are living , here in my country , it takes two to three months to finish the paper work .True, you will need to go through legal processes and a lot of paperwork before you can establish such, but once you have all of these ready, it is quite easy to achieve.
I believe sometimes it may takes a little long time to get that done. sometimes it may depends on the government policies and sometimes your position in public office or having someone who can helped you.