Company registration refers to the process of legally forming a company or a corporate entity. Company registration in India is very important for every business person. The reason behind this is that it provides a long list of advantages to a particular company.
Here in this article let us understand the benefits of Company Incorporation, before that we will understand how to register a company in India.
- Choose Your Business Name
- Identify Your Location
- Select the Type of Corporation
- Name the Company Directors
- Determine the Type of Shares
- Obtain a Certificate of Incorporation
- Process and File the Paperwork
Benefits of Company registration in India
- Secure your assets, gain tax breaks.
Corporation owners enjoy limited liability protection and are typically not personally responsible for business debts. So creditors can’t pursue your home or car to pay business debts. Another plus: corporations often gain tax advantages, writing off such things as health insurance premiums, savings on self-employment taxes, and life insurance.
- Grow your corporation for now and the future.
Incorporating bolsters credibility, and may help you reach potential new customers and partners. And while you can’t live forever your corporation can. Even if an owner dies or sells interest, the corporation still exists.
- Easy transfer and faster funds.
Corporation ownership can be easily transferable. Capital can be raised more easily through the sale of stock. Another advantage is that many banks prefer handling loans with incorporated borrowers.
- Ready for retirement.
Retirement funds and qualified plans.
- Separate property
The business registration can also be done at a residential place, it is not always necessary that the business should be started at any rented or separate place.
The above-mentioned benefits of company registration in India are useful to grow your business. If you’re wondering for company incorporation then you should visit Online Company Incorporation Portal.
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