To estimate the viability of a company, it is essential to carry out a market study beforehand, to draw up a provisional financial plan and, finally, to draw up a business plan. It is only on this basis that the decision to set up a company is made. In addition, all the expenses to be anticipated are taken into account in the business plan.
THE USEFULNESS OF A BUSINESS PLAN
A business plan is a necessary tool to assess whether it is worthwhile to set up a company. In fact, by including the market study and the financial plan, it makes it possible to evaluate the budget needs, as well as the expenses to be anticipated for a company at the start and the time it would take to reach the break-even point, before turning to profits.
EXPENSES PRIOR TO THE CREATION OF THE COMPANY
The decision to set up a company should not be taken lightly, hence the need to hire professionals to carry out a market study and draw up a forward financial plan. Similarly, the drafting of a business plan requires the intervention of a chartered accountant. Among the preliminary expenses are communication expenses (advertisements to launch the project, creation of a website, etc.) and travel expenses for meetings with future collaborators (investors, suppliers and customers). In some cases, one must also consider expenses related to the filing of a patent, trademark or design. If the business is specialized in the sale of alcoholic beverages, the acquisition of a 4th category license is mandatory.
EXPENSES RELATED TO THE CREATION OF THE COMPANY
When the company is set up, the drafting of the statute requires the intervention of a lawyer. It is important to note that the creation of a new company requires the publication of a legal notice in an authorised newspaper or in an online public communication service. The content of the advertisement depends on the legal form of the company, therefore the cost will vary according to the legal form of the company. The deposit of the share capital is also an expense for the partners, although it remains in the company. In the case of the intervention of a contributions auditor, his fees should also be included as well as the costs of declaring the beneficial owners in the register. And finally, among the costs related to the creation of the company, the cost of registering the company at the registry.