Essential legal aspects for starting a business in Mexico
Posted: Sat Dec 28, 2024 6:53 am
Woman with legal document in an office, happy to start her business
To start a business, it is not only necessary to have a good idea and seek financing to get it going. We must know, understand and apply the legal aspects that will help us give structure and formality to our company.
Without these legal instruments we could experience many problems. For example, someone could steal our business concept or product, a partner could withdraw their investment without warning us, leaving us bankrupt, or we could pay a supplier for raw materials and they could default.
Below, we will give you the legal keys to starting a business that will guarantee you achieve all the goals you have set for your company.
1. Intellectual property
In Mexico, the Industrial Property Law establishes that we can exploit the creations that we have registered as our own, with industrial and commercial application, for a certain period of time.
Creations must be registered japan telegram mobile phone number list with the Mexican Institute of Industrial Property (IMPI). This body is responsible for registering your brand, logo, industrial design patents, technological innovations or licenses, to name a few.
Having the rights to your recordings will allow you , if necessary, to reclaim your copyright or prevent others from appropriating it.
2. Articles of Incorporation
This is one of the most important legal aspects, as it is mandatory for all companies that want to establish themselves in Mexico.
The articles of incorporation certify the legality of the company's formation. It must indicate the most relevant data of the company, such as the name, nationality and address of all the people who make up the company.
It also includes the legal structure of the company. It will specify who constitutes the company and what roles they occupy. It also defines what type of company it will be, as it may be a corporation, a partnership or a sole proprietorship.
In the case of partnerships or corporations, the investment of each partner, their percentage of profits, authority and obligations they undertake must be specified. In the case of corporations, the shareholders who decide to invest in the company must also be specified in the legal structure with the amount of their investment and the percentage of participation.
You can also check if your company is eligible to take advantage of the new law to create companies in one day . This way you will save a lot of time and money in this process that can sometimes be bureaucratic.
To start a business, it is not only necessary to have a good idea and seek financing to get it going. We must know, understand and apply the legal aspects that will help us give structure and formality to our company.
Without these legal instruments we could experience many problems. For example, someone could steal our business concept or product, a partner could withdraw their investment without warning us, leaving us bankrupt, or we could pay a supplier for raw materials and they could default.
Below, we will give you the legal keys to starting a business that will guarantee you achieve all the goals you have set for your company.
1. Intellectual property
In Mexico, the Industrial Property Law establishes that we can exploit the creations that we have registered as our own, with industrial and commercial application, for a certain period of time.
Creations must be registered japan telegram mobile phone number list with the Mexican Institute of Industrial Property (IMPI). This body is responsible for registering your brand, logo, industrial design patents, technological innovations or licenses, to name a few.
Having the rights to your recordings will allow you , if necessary, to reclaim your copyright or prevent others from appropriating it.
2. Articles of Incorporation
This is one of the most important legal aspects, as it is mandatory for all companies that want to establish themselves in Mexico.
The articles of incorporation certify the legality of the company's formation. It must indicate the most relevant data of the company, such as the name, nationality and address of all the people who make up the company.
It also includes the legal structure of the company. It will specify who constitutes the company and what roles they occupy. It also defines what type of company it will be, as it may be a corporation, a partnership or a sole proprietorship.
In the case of partnerships or corporations, the investment of each partner, their percentage of profits, authority and obligations they undertake must be specified. In the case of corporations, the shareholders who decide to invest in the company must also be specified in the legal structure with the amount of their investment and the percentage of participation.
You can also check if your company is eligible to take advantage of the new law to create companies in one day . This way you will save a lot of time and money in this process that can sometimes be bureaucratic.