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2 COMMON MISTAKES TO AVOID DURING REGISTERING A COMPANY IN INDIA

Company incorporation is final though the process, because then only you decide to register your company with all the legal formalities. Thats the only way to build your brand name, reputation, and credibility. Being legal in India makes lots of difference in public eyes. And most important you are a brand that stands out different.

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2 COMMON MISTAKES TO AVOID DURING REGISTERING A COMPANY IN INDIA

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  1. LegalPillers 2 COMMON MISTAKES TO AVOID DURING REGISTERING A COMPANY IN INDIA Company incorporation is final though the process, because then only you decide to register your company with all the legal formalities. Thats the only way to build your brand name, reputation, and credibility. Being legal in India makes lots of difference in public eyes. And most important you are a brand that stands out different in the country. Both of these steps must be strictly followed when registering a company in India and in addition, must be properly followed. There is no escaping the gap because it can cause great problems. Here are some common mistakes that should be avoided during Company Registration In India. SELECTING AN INAPPROPRIATE LEGAL FRAMEWORK FOR THE COMPANY REGISTRATION ONLINE

  2. There are various business structures for company incorporation in India. You can start your company as a Private Limited Company, OPC Company, LLP Company, Partnership Firm, or Sole Proprietorship Firm. These business structures have their own terms and conditions along with various benefits. You must make a complete list of your needs in the company registration match to all the structure and choose the suitable one for you. Each structure of an organization has its own set of pros and cons. The choice you make in terms of the form of entity will impose constraints on the number of individuals who can enter as owners. And that is why before taking the plunge, you should familiarize yourself with the outstanding characteristics of each entity structure. Take the complete guidance of chartered accountants or any CA/ CS firm. ABSENCE OF FOUNDERS AGREEMENT, SHAREHOLDER’S AGREEMENTS, LLP AGREEMENT, AND PARTNERSHIP AGREEMENT When you select a company structure always look for the contract and agreements with your partners to avoid future conflicts and issues. Sometimes as entrepreneurs venture, they are basically looking for the expected sales, business growth, investors, infrastructure improvement, etc. There are great chances that they can leap into crucial documents and agreements and one such thing is the contract or agreement of a shareholder. Again, this will soundless, but in the long run, if not accomplished, it has a huge effect. A shareholder agreement must include the terms for what is to be done in the case of the death or removal of the shareholder(s), and so on. Besides, the agreements would never apply to future disagreements and disputes. Therefore the transactions should be made in business incorporation. It’s very important o take care of all the legal documents for partnership registration. You must file a partnership deed beforeonline company registration in india.

  3. CONFUSION ABOUT IMPORTANT TAXES, LICENSES, AND ADDITIONAL REGISTRATIONS You must know that for company registration in india you must take care of other licenses as well. For example, if you have a company related to food products and you want to import and export that product. You must have an FSSAI license and IEC code. Multiple authorities at the central and state level shape policies and control business activities. The authorities require companies to be licensed under laws such as the Law on Shops and Establishments, the Income Tax, GST Registration, etc. Often entrepreneurs are ignorant about the applicability of particular registration and end up paying heavy fines and penalties for non-compliance. Stop making these registration-related mistakes and confidently step on your Startup journey. If you have a question or need expert advice, please take help from CA Services for company registration online. IGNORE TAKING THE REGISTRATION OF INTELLECTUAL PROPERTY LIKE TRADEMARK REGISTRATION, COPYRIGHT OR PATENT

  4. What if your logo, the business name is already stolen or may have a chance to get stolen? Must take Intellectual property registration to make your brand name safe forever. It is a difficult fact, but others may use the product of your intelligence and cause the loss of business opportunities and financial embarrassment. Many intangible assets are often procured and generated during the lifetime of a company other than tangible assets such as construction, machinery, etc. It can be your domain name, the unique design of the package, form, packaging, business logo, a unique combination of ingredients that separates your product from any other product on the market. Together these principles, trademarks, designs, etc are considered intellectual property. Intellectual property is a legal term referring to the ownership of an artistic concept produced. It is your company’s intangible asset that you have generated solely for your goods or services. Companies can store their IP and obtain legal protection by registering them with patents, copyrights, and trademarks under the relevant protections available. Powered By LegalPillers Providing Online Tax Consultants in India

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