Howto? Why? Starting a business from your garage
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Guess what? Starting from your garage is my first word of advice for anyone who wants to set up a lean start-up. Did you know that you can make more profit during the first year when you operate in your own region? 10.770 euro instead of 1900 euro, according Danish research. Because in your own region you know the market, you know the people and it's more easy to raise money.
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Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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