How to found a company

Just do it.

But jokes aside, the bigger question is not how. It’s why.

[Disclaimer: any information you read here pertains to Singapore laws and regulations. Your country’s laws and regulations might differ.]

I have people emailing me “Wow Vincent, you’re running your own business! That’s totally awesome. I wish I could do something like you did.”

Or “I don’t really have a product to sell.”

Or “I have this small thing that I’m working on, but it’s too early to tell.”

Or “I have a family to take care of.”

Or “I’m scared.”

All perfectly valid reasons. And at some point in time, all of them were applicable to me. And I’m still working for myself now.

Now for the big news. I founded a company! Yay! (ok I co-founded a company, but the circumstantial details are more complex than I’d like it to be. I might talk about it in an email. Sign up on the right side bar [or wherever it might be in case the position is changed]).

So about the how thing. It’s not hard. It’s just frustratingly tedious. Mostly because I don’t know what forms to fill in, in what sequence, and “Is there anything else I need to do because I don’t wanna get sued and go to jail!”.

Also, because I’ve never done it before. Most people will feel scared if they’re doing something they’ve never done before. So they find it frustrating and tedious and moan and groan and go drink a bottle of whiskey and go to bed.

You go to ACRA, come up with a company name, decide on the shares allocated to each share holder (probably decide beforehand and not on the spot), put in share holder details, company official member details, pay ACRA for the registration and you’re done!

There’s also quite a bit of legalese and fine print. Since I don’t want to get sued and go to jail, I read them. You might want to go on the wild side and just skip them. To each his own.

So it’s not so much the how. Find a strong enough reason for why, and you’ll just do it.

By the way, I founded a company! The company name is One North Soft. I have a secret project in the works. Tell you more in future.

Sorry, comments are closed, but you can contact me directly if you like.