A Step By Step Guide to Starting Your Own Business
Read it in 13 minutes
Calling out to all potential entrepreneurs! Have you ever thought about pursuing your passions and owning your very own store, but didn’t feel as though you knew where to start? Well, this step by step guide will give you all of the tools and information that you’ll need to get your dreams off the ground in Sweden!
Before You Get Started
1. Your Idea
You’re on Your Way…
1. Choosing the Right Forms
- Individual company or Sole Proprietorship (Enskild Firma)
A sole proprietorship is really for those who can do it all on their own and don’t need additional “help” or capital from investors. Since everything falls on you, so does the majority of the financial risk. A sole proprietorship is not a legal entity so keep that in mind before choosing this particular form.
- Trading company (Handelsbolag)
There aren’t any huge differences between a sole proprietorship and a trading company. However, it does allow you to go into the venture with more people. You can choose to have one partner or several. While this balances out the financial risk, something to keep in mind is that if one shareholder is suddenly unable to pay their debts, then the rest of the company will have to make up for it.
- Limited company (Aktiebolag)
The positive aspect of a limited company is that it is its own legal entity. This means that the financial risk is slightly less than that of a trading company or sole proprietorship because the responsibility falls on the company itself and not you personally. You have the option of starting a limited company alone or with others. You also have the option of registering it as a stock company, which is a limited company that has not run a business before. This can reduce the formalities you need to complete and the starting distance when starting up your business.
- Invoice without company
This option is the true definition of self-employment. There’s no need to register as a company and in fact, this option requires a lot less paperwork. However, you will need to pay fees to the self-employment services.
2. Your Name
3. Registering Your Business
4. Getting a Permit
5. Opening a Bank Account
6. Finding a Venue
7. A Payment Solution that Fits You
8.Insuring Your Company
Now That It’s All Set Up…
1. The World Wide Web and You
3. Social Media Tactics
### 4. Hiring the Right People
- General fixed-term contracts (visstidsanställning)
- Temporary substitute employment (vikariat)
- Seasonal Employment (säsongsanställning)
- Employing someone over the age of 67