When it comes to the establishment of a company or an organization, the phrase "being founded" is commonly used. However, there are several synonyms that can be used in order to add variety to your writing and make it more interesting. A few options include "inaugurated", "established", "initiated", "set up", "formed", "created", "established", "conceived", and "constituted". Each of these words can be used interchangeably with "being founded" to convey the same message. By using different synonyms, you can also add a sense of style and flair to your writing, making it more engaging and captivating for your readers.