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When starting a business you need to define if you want to be responsible as a natural person or as a moral person, this is where you decide if you will work on your own or associated with more people. It is a very important decision, you need to plan and define what is best for your business. That is why we will tell you what each one is and what its benefits are.
If you are only undertaking your business, it is recommended that you do it as an individual, since the process is much faster and the only legal representative or owner of the company will be you. Since any legal obligation or decision will only be your responsibility, that is, the power is only in you. To complete this process you only need to register in the Tax Administration System and that’s it.
But if on the other hand they are determined to create a company by the hand of more people or partners, the process includes going to a notary to give faith that you are building a business together with other people. Afterwards, you will be able to register before the SAT under the regime of a moral person. Here the obligations and rights are divided among all those who belong as owners of the company.
Remember that you can choose the one that best suits your business and it is very important that you register with the SAT, we also give you the reason why it is convenient for you to register