Willie Small Business Services

Last's week article was on:  How to Register a Business in PNG . An intriguing question asked at the end was: "What's  next?", This question will be answered in this article.  So, after you are done registering (IPA certificate, IRC TIN and Bank Account Opening), what is next? From experience, I see lots of people register business names with PNG IPA but give up on the next stage. For some, they go as far as obtaining IRC TIN and then stop progressing. Some people successfully open their SME bank accounts, and sadly drop their momentum. And few starters successfully pass the entire process and commence business activities. From the start the momentum is at the peak. Everything looks good; the future is seemingly full of promise. But, after passing 3 to 6 months, sales is slow (or no sales at some point). Marketing is not generating sufficient leads thus number of actual customers is declining. When these happen, operating expenses slowly dry up the decreasing sa...

  It is easy to register a business and get your IPA certificate on the same day! And you can apply for IRC TIN on the next day. You can wait for 1 week before obtaining your TIN, and proceed to open your business bank account with a commercial bank of your choice. SIMPLE! (But what is so important is: why you really want to register a business name. You must have a compelling reason to register and start a business. This very reason will be the driver of your business into the unknown future.) These are the simple steps: 1.        IPA Online Registration Open an account with IPA Registry Service. Click on this link: https://www.ipa.gov.pg/Index.aspx . Once you create your account you can then register your business name. The fee for business name is K150, to be paid online (if you have a Visa Debit Card). Business name registration is same day. For company registration, fee is K600 plus K50 company name reserve (Total is K700). Fees are payab...