Company Formation - The Ultimate Dream

1. It is every man's dream to start a business by himself; to become an entrepreneur. It's a classic romantic story -- rise from the position of being a job seeker to that of a job giver. However, like any other dream, this one also requires thorough planning and foresight. For starters, one should be very clear in his thinking about what sort of company one wants to open, for it determines how one is going to set about doing the business. The first step in the formation of the company, after one has decided about which business one wants to pursue, is to look for a decent enough place to establish an office and get going. For people with limited budget, it is advisable that they start officiating from their homes initially. The second step into setting up a company in Oman would be to get the office registered. This is important for only after the office is registered can the government have the necessary correspondence with the company. Once the office is registered, the next step is to get the right employees for the job. This is also mighty important, for it is on employees that hinges the reputation and future of any organization. It is imperative, therefore, that they be given top importance and instill a system that would allow only capable people to filter through. Thirdly, an entrepreneur has to remain ever-alert to the existing laws as well as to the reforms that are introduced into various sections of the law from time to time. Especially if one is thinking of setting up a company in Oman then one would do well to remember that the laws here are pretty stringent and, as such, any infringement on the part of companies can lead to harsh consequences. Company Formation - The Ultimate Dream