Owning your own business is the dream of many peoples, but for that dream to come true it is important that you start developing strategies that help you achieve your goal.
In addition, to create a consolidated business with real chances of growth, it is necessary to make initial investments, which can be financial, intellectual, and material, ensuring that it can carry out its activities with security and growth potential.
In this sense, social capital is one of the most discussed topics in the opening phase of your business, precisely because it is related to these investments that you need to make.
What is social capital?
Social capital is the amount invested by each of the partners to open a business, whether they are financial, material or even immaterial assets, such as computers, printers, furniture, and cash, among others. In other words, they are the initial expenses, and they are important because they are the amounts needed to keep your business running.
Another important point is that the share capital must be informed at the time of opening the company and must be included in the Articles of Incorporation, including the breakdown of its amount and nature.
In the case of the Individual Micro entrepreneur ( MEI ), there is no legal requirement of a minimum value for the share capital, as well as for the Individual Entrepreneur (EI) modality. As for registrations as an Individual Limited Liability Company (Eireli), the contribution of at least 100 minimum wages (equivalent to approximately R$ 120 thousand) is required, which does not include the owner’s assets, as they are not required. to honor your business commitments.
Another point to keep an eye on is the payment of social capital. This process is carried out to transfer ownership of the initial capital invested by each partner (individual) to the legal entity (company). That is, the values or material goods invested are transferred to the name of the business.
The types of social capital
Social capital need not necessarily be financial. In the case of MEI, for example, in which there is no minimum amount to be stipulated, people often start their businesses only with social goods. Understand better the types of social capital:
- Financial social capital: these are financial investments made to open the business, whether in cash, goods (such as real estate), vehicles, raw materials, among others.
- Social capital from the social point of view: this capital concerns the set of rules established in the company, such as the participation of each one in the company’s results, the actions that each one must take responsibility for and even the liability of the partners in the face of debts and other obligations. They are essential to define the objectives of the business, its form of organization, the participation in the results and the power of each partner.
- Share capital limitation of liability: in the event that the business accumulates debts and creditors, the liability of each partner for this amount is linked to their investment. By investing 50% of the share capital, the partner will be responsible for 50% of the debts. In other words, the greater the participation, the greater the responsibility.
How to define the social capital of your business
The first step in calculating the share capital is to take into account the model in which the business fits. In the case of EIRELI, for example, there is a stipulated amount of 100 minimum wages. For MEIs, there is no obligation to declare initial share capital, but it is important to know the correct amount to have a better financial planning and be able to bear the expenses until the generation of income can cover the costs.
Estimate the amount needed to start activities
Make a list of all the items needed to start working and their respective values. Let’s say you want to open a t-shirt printing shop. In this case, in order to create the products that will be sold, you will need a printing machine, computer, and image editing software, among others.
By adding up these items, you will have already calculated the expenses with equipment and infrastructure.
Include the materials used for the business to run
In some areas of activity, it is necessary to buy raw materials to perform a service or deliver the products. Following the example of stamping, in addition to the equipment, it is necessary to buy the inks, t-shirts, printing plates and other raw materials that will be used.
Forecast possible fixed and variable costs of the business
Those who work at home or in a rented space also have fixed expenses such as rent and internet, in addition to variable expenses such as water, breakdown repairs, fuel, and unscheduled maintenance, among others. All these expenses also need to go into the account.
What projects are needed in the first few months
What needs to be put into practice to leverage the business? Whether hiring an employee, investing in advertising, or creating a website for these first steps, your costs must also be taken into account.
With planning your business can go further!
Planning is an essential tool for the success of any business, including when defining social capital, and to facilitate the entrepreneur’s journey, there are institutions that can offer assistance in the opening process, such as offering credit solutions, ensuring financial social capital to drive your business results.