How much registered capital should I use to register a company❓

How much registered capital should I use to register a company❓

Registering a juristic person is the official start of doing business. which must follow the company registration process and capital for company registration It is one of those steps.

📌 Juristic Person Registration Form

- Ordinary partnership registered as a juristic person It may be agreed that one of the shareholders will be the manager of the partnership. In which all partners are jointly responsible for unlimited liabilities.

- Limited Partnership with 2 or more shareholders registered as a juristic person The responsibilities of the partners are "limited" and "unlimited" in liability.

- A company with 3 or more shareholders where all shareholders are liable for limited liability in one sense is Shareholders only pay the share capital as they have registered. if paid in full Shareholders are not responsible for liabilities incurred in the business. causing most entrepreneurs to register as a limited company

📌 Amount of capital used for company registration

for limited partnership or a juristic partnership In registration, there is no need to divide the capital into shares. and there is no minimum registered capital requirement. In most cases, the amount of capital used for registration will be at 250,000-1,000,000 baht

For most companies, they prefer to be listed with a capital of 1 million baht, which will increase the company's credibility in a positive way. It also saves money on registration fees.

📌 How does the company registration affect the business?

1. Affects tax payment as follows:

In case 1, a company or juristic partnership with registered and paid-up capital of the company on the last day of the accounting period does not exceed 5 million baht and has income from sales of goods and services in the accounting period not exceeding 30 million baht must Paying tax by taking net profit for tax calculation as follows:

- Net profit of not more than 300,000 baht is exempt.

- Net profit exceeding 300,000 baht but not exceeding 3,000,000 baht is subject to 15% tax.

- A net profit of more than 3,000,000 baht or more is subject to a tax rate of 20%.

In the 2nd case, a company or juristic partnership with a registered capital of a company that is paid on the last day of the accounting period is more than 5 million baht and has income from sales of goods and services in the accounting period is more than 30 million baht, tax calculation. at the rate of 20 percent of net profit

2. After being registered as a juristic person According to the Accounting Act B.E. 2543, the managing partner of a registered partnership and a director of a limited company are responsible for keeping accounts. with details as follows:

- daily accounting ledger inventories and other accounts as necessary for accounting

- Must provide an accountant to be responsible for the preparation of accounts. Documents are delivered as evidence of accounting. to the bookkeeper in its entirety Accounts and supporting documents for accounting entries must be kept at the establishment for at least 5 years.

- Closing the account for the first time within 12 months from the date of account opening and closing every 12 months

- Prepare financial statements such as statement of financial position, statement of income, statement of changes in shareholders' equity and notes to financial statements. with a certified public accountant to audit and certify the financial statements

- Submit financial statements that have been certified by the auditor within 5 months from the closing date.

It can be seen that the company registration The more capital The more the credibility of the investors in the company. It can also show potential in business administration.

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