The commercial register – what you need to bear in mind
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The commercial register – what you need to bear in mind
31.03.2020
As a company founder, do I need to enter my new company in the commercial register? We will show you what companies need to be entered, how much it costs and what rights and obligations are involved.
Applicability: All companies in Switzerland with certain legal forms require an entry in the commercial register . This includes sole proprietorships (from CHF 100,000 in annual revenue), private limited companies, general and limited partnerships, limited liability companies, cooperatives, commercially-run associations, foundations (except for family and church foundations) and branches of companies.
What must be included in the commercial register entry?
Companies can make an entry in the commercial register at one of Switzerland’s 30 commercial registries or online atThe link will open in a new window EasyGov. The Central Business Name Index (The link will open in a new window Zefix) manages all entries. Anyone can view the information on a particular company subject to payment of a fee.
Depending on the legal form, the commercial register entry provides information on
The name, year of foundation and head office of the company,
The purpose of the company,
Corporate governance, in other words the names of the shareholders, board of directors’ members, executive board members and authorized signatories,
The capital structure and
Auditors
Did you know? If there are any changes during the course of business, these changes must be reported to the relevant commercial registry.
A commercial register entry is subject to a charge. Various fees apply for a new entry in the commercial register, depending on the type of company (as at 4 April 2023):
Sole proprietorship: CHF 80
General partnership and limited partnership: CHF 160
Private limited company and limited liability company: CHF 420
The entry in the commercial register entails rights and obligations.Business partners can view the legal relationships in the commercial register. Companies entered therefore generally enjoy greater trust. They also benefit in terms of creditworthiness, as creditors enjoy better protection in the event of bankruptcy. The entry also protects the company’s name.
On the other hand, enforcement through bankruptcy proceedings applies to companies entered in the commercial register.This means that in extreme cases, individual creditors can demand the opening of bankruptcy proceedings. All of the assets of the party in debt are included in the bankruptcy estate under this procedure.
Anyone starting a business must find out exactly which obligations arise from a commercial register entry. In return, they enjoy significant rights and benefits.
Useful to know
In others words, whether you need to enter your company in the commercial register also depends on the legal form. One option that is available to you, and certainly worth considering, is the PostFinance startup package: it allows founders to benefit from free account management with e-finance for two years.