Benefits of Company Formation

By: James Clark

There are some steps which have to be followed, if you decided to have your own company. Company Registration is the one of the key things you should do before starting any business. Company registration in India is both mandatory and also recommended. Certain documents need to be filed out depending upon the type of business you are setting up. Apart from this, certain approvals and permissions are also needed before the operations could actually start. Generally, all businesses are required to register with the state or states in which they operate through their secretary of state. Today, the process of company registration has advanced to a next level and it has now become a quick and easy way for registering a company. Online registration has also become one of the prominent ways of getting a company registered.

Both the Indian promoters and the foreign promoters can form the following business entities: Private Limited Company, Public Limited Company, Limited Liability Partnership, Unlimited Company, Partnership and Sole Proprietorship. There are various steps required to establish a business in India, before and after incorporation, as mentioned hereinafter. See also the Procedure for Formation of Company in India.

Company registration on the other hand helps you get to know that your corporation is legally recognized by the authorities. This means that should there be need, you can comfortably seek help from the authorities themselves in matters concerning the business. Knowing very well that tax evasion is a serious crime, registration gives you the assurance that there can never be such allegations leveled against you, since for one the business is known to exist while it is also usually taxed. This will give you peace of mind which is vital for the running of the business.

It is a must for anyone to register their company in order to run a company without any law related problems. But it is very important for you to discover the best company registration service. Mostly every company will give you a advice on selecting the right registration for your business and some may also give free discussion prior to the start of the company development procedure. Some people even give secretarial support.

My Company Formation provides registration services in Chennai at affordable price, which meets the client’s requirements and expectation completely. We have developed specialization in the field of company registration services, which are provided by us at affordable price. We have a team comprised of highly qualified and experienced professionals, who can assist you in registering your company by online.

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