Set-up costs are the expenses incurred when starting a company, varying by industry, size, location, and legal structure. These typically include:
Registration fees: Costs for business incorporation and obtaining licenses.
Legal and professional fees: Expenses for legal advice, accounting, and other services.
Office space: Costs for renting or buying office premises, including utilities and furnishings.
Equipment and technology: Investment in essential equipment, computers, and software.
Initial inventory: Purchase of raw materials or products for sale.
Marketing and advertising: Expenses for promoting the business and building brand awareness.
Employee salaries and benefits: Wages, taxes, and benefits for initial staff.