Introduction to Company

In current scenario, each and every person has some knowledge and some business ideas which he wants to convert it into reality to became a successful business person. Those idea holders can approach the business investors to invest in his ideas for raising funds. In recent years, Investor’s always want to look for a private limited company for their investment and ask them for a good percentage of Equity. It is turned like a trend setter of every investor. This kind of holding Equity Shares in a Company allows an investor’s to participate in profit of the company and also give a right to participate in Company’s assets at the time of Company dissolution.

For this, achievements, first you have to register your business as a company, If it may be one person company or private limited company or any other type as per your economic potential and man power. Company Registration can improve your business and reflect your Intention for doing business in a systematic manner. Every start-ups are the dreamed project of youngsters and today they are the global sign of country’s development. The new business concepts mainly focus to change the life of people and providing solutions to issues we face. So, they are growing in a wide range all around the world with several utility factors. In India, company registration is a simple and easy process with Ministry of Corporate affairs (MCA).

 When you register a Company in India, you get a Corporate Identification Number which is allotted from Ministry of Corporate of Affairs which is a unique Identification for your esteemed organization. This registration can build the trust and comfort with the people who are all ready to invest your business.  Not only the trust, has it created a route for your business growth by creating a strong connection with the Bank. In this way you can get the current account for receiving your payments and getting loans for your company’s welfare with respect to the banks terms and conditions. In this way, your personal liability is not at all affected, if any losses occur. A company is a separate entity which is basically a form of organisation or a group of people working together to focus on the same goal. Company registration in Madurai is not a difficult process, it is very simple. Even a single person can create a company which is called as One Person Company. If you have a partner, you will choose private limited company or public limited company, in which two or members are the directors with their KYC documents. It takes around 15-20 working days to complete the process of Company Registration with respect to the Ministry of Corporate Affairs.

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 What is Company registration?

Company Registration is the basic fundamental steps in your business formation. It acts as a foundation for your start-ups. To secure your business ideas and personal asset, company registration is necessary for it. By this Company registration you can legally protect your business and establish your company in legal manner. And get the legal right to do your business. Earlier registration process is your name selection; it is little bit crucial by choosing your company name. The MCA provides it services through online, which make your processes much easier. Once you registering your company, you can avail to enjoy the numerous benefits. Wholly, company registration is easier process whether it is of any type i.e., small or big entity.  There are most valuable reasons for registering your company. Company registration brings you a legal protection in the market and lowering your tax burden. It provides limited liability for each and every persons who all are related to that entity. As simply said, it create a path for your business to enter into the business world. Don’t think that the registration will be costlier. It is very cost effective and provides as much security to you. In recent world, most of the well reputed companies are registered and doing their business in stress free manner. Main objective of company registration is to reducing the individual burdens from the budding entrepreneurs.

 Benefits of registering a Company

There are a number of benefits of company registration. Apart from giving your startup a legal recognition and a legal right for you, it has several other benefits. Let us know them. Following are the major benefits of Company registration for your startup:

 Protection of Limited liability

Limited liability is one of the greatest benefits of company registration. As a sole proprietor or trader, you are solely responsible for all kinds of aspects of your business, including debts and losses. You can save your personal assets after registering your company. Events like a failure of business or any other lead to put sole traders and partnerships in trouble. Directors and owners of Company are not at all affected in case of business failure happens. The Companies Act, 2013 provides you a option for registration of Limited Liability Partnership (LLP) also.

 Recognition as a legal entity

Company registration grants your startup a legal status or recognition under a particular jurisdiction. It provides complete existence of the company which is separate from directors and the company members. Registering your company apparently, helps your organization to grow its market and expand the business as the companies who are legally recognized are more preferred in the corporate world.

 Easy loan and business bank account

Another important characteristic of company registration is that it helps an organization to establish a business bank account and for an easy loan from banks. A business bank account is one of them is important assets of a company which is demonstrated by showing a valid proof that your business is registered. Also one of the benefits of company registration is that you can get an easy loan from lenders and investors as you are a registered company.

 Low Tax liability

The tax rates on an individual are higher than the tax rates on companies and small business units. Being a sole trader, you are in the same tax slab as an individual. The companies and small business units are subjected for tax deductions for advertisements, repairs, maintenance, Research, and Education. Registration of your startup is a company does lower your tax burden.

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 Establishing reputation

A Registered company is always considered as a reputable organization. Company registration is a process which enables you to set a mark of reputation among its customers and the stakeholders. Customers and clients are clearly the most important asset of a company, this is also why you need to register your startup as a company.

 Conclusion

Registering a company is the first and certain process if you are running a start-up. Apart from giving a number of benefits and owing great importance, company registration is one of the key stages. It lets you hold a power in the market. Company registration in madurai is an important decision to make in terms of competing against your competitors and reputation in the market. It has greater applicability than other default stages in businesses.