The benefits of legality and the risks of informality
Avoid the risks arising from running an informal business.
The benefits of legality
The risks of informality
Myths about corporate legalization
There are several myths around corporate formalization, which include:
I have operated for a long time without a Merchant's Registration, and I have had no problems. I did not know the Merchant's Registration was mandatory.
It is mandatory for everyone involved in commercial activities to be listed in the Merchant's Registrar and to record in it all actions, ledgers and documents covered by law.
Be up-to-date with the renewal of your Merchant Registration, and continue doing business as usual. Access the benefits extended by the National Government through the Formalization and Job Generation Law, with incentives to entrepreneurs who have not fulfilled their obligation to renew during several years.
I was told the RUT was enough.
I inquired at DIAN, and I was told that after six months I can register my business.
Applying for the Single Fiscal Registrarion (RUT) is one of the requirements to be listed in the Merchant's Registrar. This proceeding can be carried out as soon as you start operating.
At the CCB we understand formalization as the exercise of an economic activity under the rules and laws of the State. For us, this is a process of economic inclusion that favors your company's growth, as well as its ability to act as a vendor for other companies, reach other markets, access credits and loans and all of the Enterprise Strengthening services offered by the chamber, as well as participating in different financial programs run by different Government institutions.
We invite you to make a free, personalized assessment of your business idea, with all information treated as confidential. You will then be able to access a services pathway that matches your needs and will get you the assistance you need to consolidate your entrepreneurial project.