Authorization of the name of your restaurant
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Choose 3 names for your business. Submit them with the Mexican Foreign Affairs Office.
Out of the three, the name that does not exist elsewhere, will receive an authorization for using it. It takes not more than 2 days to complete this process.
Incorporation of your business
Once you have an authorized name for your establishment, you should decide upon its business structure.
There are numerous options for you like Corporation, Persons Corporation, etc. Your restaurant will be taxed according to the business structure you choose for it. Hence, you should read the tax implications for every business structure before selecting one for your establishment.
For the incorporation of your restaurant, there will be an incorporation deed. The deed will disclose the business structure and other important details of your venture.
Now, you should choose a notary public (Notario Público or Corredor Público), who will notarize it at the Mexican Department of Treasury. You should also collect your Tax registration number from the department.
Registration of the deed of incorporation
After notarization, you need to register the deed at the Public Registry of Commerce (Registro Público De Commercio) of the locality where your business is situated.
Registration of the deed takes about 17 days.
Registration with IMSS and INFONAVIT
For the benefit of your employees, you have to register with a social security institute, which is known as Instituto Mexicano del Seguro Social. This institute is responsible for ensuring social security, pension, and good health of the employees.
You will also have to register with Instituto del Fondo Nacional de la Vivienda para los Trabajadores (INFONAVIT). INFONAVIT monetarily helps employees buy homes. As an employer, you will have to contribute a certain percentage towards it.
These two registrations will not cost you anything and take 1-2 days to be over.
Informing the Delegación
Before opening your restaurant, you will have to inform the local Delegación.
Prepare a notice that mentions Electronic Notarization your aim to start a business in the area. The notice should include your tax registration number.
Registration with the tax administration
As an entrepreneur in Mexico, you will be required to pay payroll tax. For this, you will have to register your venture with Secretaria de Finanzes Gobierno del Distrito Federal.
You will need to furnish the tax registration number and the postal code of your restaurant.
Informing the National Institute of Statistics, Geography and Information
As a business owner, it is your responsibility to notify the Instituto Nacional de Estadistica, Geografia e Informática.
The notice that you will prepare for this matter should mention the type of your venture, its name, number of employees, etc.
This step will not take more than a day.
Registration with the National Business Information Registry
Every new business has to register itself with Sistema de Information Empresarial. The costs differ with each type of business. Hence, you will have to check the cost for running a restaurant.
You and your spouse just got a divorce. The law requires that when this happens, conjugal properties need to be divided equally between the spouses. However, your partner has a real estate property he bought before you got married and in all due respect to him, you don't want to have a claim on that. This calls for a quit claim deed.
In settling your properties, you will need to execute such a deed to waive your right to claiming that particular property of your husband. This quit claim deed will legalize everything and ensure that you no longer have any interest on that piece of property. In other words, you are giving your spouse the full right to own that real estate such as a vacation house or farm.
A quit claim deed is a document required when transferring ownership of a property from one person to another. This is also used when transferring properties to family members as gifts or inheritance or when an individual wants to put his personal property into a business entity.
Sample forms are offered by certain websites catering to legal forms or real estate forms. So if you're about to create a quit claim deed, you may want to check out the internet first and find out what information will be needed in the form. Normally, you will have to provide a legal description of the property.
There are two options when creating a quit claim deed. You can do it yourself or let your lawyer do it for you. If you want to take the first step, you can download your form on the internet by paying a certain fee. There are some sites that offer standard forms. Or you can buy a blank form from a bookstore or a shop that sells office supplies.
In filling up the form, avoid making mistakes in spelling and facts as they can make your deed invalid. List the name of the owner as grantee. If you have children and your husband agreed to have them as beneficiaries, add the names of your children as grantee as well. Next step is to list the current owner of the property as grantor.
A quit claim deed needs to be notarized and make sure that make photocopies (more than one if possible) for you records. After notarization, you can bring it to the county's clerk and recorder's office where the deed will be officially recorded. You will have to pay a certain fee.
If you have a lawyer and you're not sure how to execute this quit claim deed, let your attorney do it for you to make sure that the information is correct and with no errors. Your lawyer can then notarize the document and can have it recorded at the county's clerk.
Remember that where real estate properties are concerned, there will always be legal documents involved. This is because they are valuable investments and not something you just throw away when your situation goes wrong. Written legal documents ensure that a piece of real estate property goes to its rightful owner.