Establishing a new firm is in most cases, a financially draining and time-consuming task, but of course, ultimately extremely rewarding. As such, it is not surprising that, given a seemingly turmoil in the financial environment, thousands of people still opt for their own business.

There are countless resources available that offer advice on all aspects of entrepreneurship, entrepreneurial leadership from their conception to initiation of the formal notificationtheir company. Given the nature of business today, however, once registered, there are some hard decisions are taken that can have a major impact on the success, efficiency and longevity of a new company. In contrast to the actions taken prior to the registration of companies that follow a relatively standard practice, many decisions of the newly registered companies requires a lot less clear.