1. Write the company feasibility report, articles of association and auction rules.
2. Go to the local administrative department for industry and commerce for name approval.
3. Lease of business premises (some regional commerce departments stipulate that auction companies must have their own warehouses and auction sites in addition to office premises).
4. Mobilize auctioneers and two or more employees with auction practitioners' certificates (the number of auctioneers required to start an auction company varies from place to place, please consult the local commercial authorities or auction industry associations).
Matters needing attention in auction
When applying for auction registration, the deadline for registration shall be implemented in strict accordance with the time specified in the auction announcement to prevent bidders from raising objections. In order to prevent cross-bidding, the registration time should be set at the moment before the auction if possible.
Hold an auction. Note: At auction, the client should be present as far as possible. On the one hand, he should have a clear understanding of the auction process and sign the auction contract in time. More importantly, the client should have a full understanding of the whole auction process and deal with some unexpected situations in time.