Creating a business in Guatemala is not an easy task, but whoever makes the decision to do so can achieve great things.

The most important and transcendental decision in a person’s life is to become an entrepreneur just like the well known juan luis bosch gutierrez, since the diverse circumstances that lie in wait for him or her put success in doubt.

However, these circumstances are risk factors that can affect the growth, stability and performance of an entrepreneur.

How do I register as a merchant?

To become a merchant it is necessary to determine whether the form you will take will be a sole trader or a social merchant.

What does it mean to be a sole trader or a social trader?

These two types are called by the law in this way and what they represent is two forms of being a merchant, the sole trader means that the person will be registered as the owner of a company and this person will be responsible before the law for the obligations of a merchant.

The social merchant is the form in which several people associate and create a society, usually corporations are formed, with this form of merchant, the society is responsible for the obligations as a merchant, for some the investment in a society is out of reach.

However, it is not necessary to start with a partnership, since it is possible to be a sole trader and the progress of the business can lead to becoming a partnership.

How do I register as a sole trader?

When determining to be a sole trader the first thing to be decided in order to register properly is the name that the company will use, it is advisable to use a name that is original and is not repeated with that of another company, and to know if it is advisable is to have the support of a professional or office that provides this type of services.

Although it is well known that there are other companies whose names are used by others in identical or exact form.

The recommendation of having an original name and different from the others is to have a business that is identifiable to the consumer and does not give rise to confusion with others of different nature or whose commercial reputation is bad.

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