Are You Looking for Company Registration in India?

1. Are You Looking for Company Registration in India? The process of company registration includes creating a company just after following few rules and regulations mentioned under the companies Act 1956, 2013 & other allied acts, bills and rules. You must register your company under the right business structure. Selecting the correct business model can help you accomplish all your business needs. If you want to start your business after forming a company in India, then you must go for the company registration process. Let’s check different types of companies in India – Private Limited Company– If you have a high turnover in business then you should go for private limited company registration. Limited Liability Partnership (LLP) – LLP companies are perfect for service-based businesses or where the business has a requirement for low investment. One Person Company (OPC)–It’s a good way to start your company if there is a single owner or promoter of the respective business. Public Limited Company (PLC)– PLC or public limited company suits well with a business with high turnover. It’s quite important for you to choose the right kind of business before you go for the company registration process. You must ensure the number of members your business might have, or you’re the single person who can manage the complete business process. A one-person company could be ideal for your business where you can manage the entire business process on your own. In case other members will join your business and made the required investment for the same then registering for an LLP or private limited company could be the right solution for your business. Make sure about your primary budget for the business. Going for sole proprietorship could be a good option for you when you’re not willing to invest more at the initial stage in business. On the other hand, if the investment is not an issue for you then you could easily go with One Person Company, Limited Liability Partnership or Private Limited Company. Another part of determining the type of business depends on the type of risk you’re willing to take as a business owner. Different categories of businesses have different liabilities. Sole proprietorship, partnership etc. have unlimited liability. If under any condition such businesses face any financial challenge then the owner would be accountable to compensate the financial losses. Personal belongings are also at high risk in such a case. But for LLP there is limited liability. Here liabilities of the members are restricted. Documents you need for completing the company registration process in India •Proof of identity of director/shareholder of the company •Proof of your registered office in India •Address proof of director/shareholder of the company •Signed incorporation documents •Memorandum of Association (MOA) and Articles of Association (AOA)

2. Benefits of company registration in India Separate Legal Entity– Any company would come with the operation of law and could end with the power of law. Many owners will come and many will go, but the company will stay there forever. Limited Liability Protection– In a few companies like Limited Liability Partnership (LLP), One Person Company (OPC) limited liability protection is there. In case of any financial damage, the owners will not be personally responsible for the loss of business. This facility can motivate the company owners to take the risk in business without fear of losing everything. Legal identity to your business– Registering your business under the right company can offer you the proper legal identity to your business. Tax benefits– A registered company is more likely to get tax benefits than any non- registered company. Are you looking for a reliable source that can help you with your company registration process? You may contact FinacBooks. FinacBooks has a network of 10000+ CA’s and tax experts. Here professionals can properly guide you to complete your company registration process successfully at a competitive price.