Get Company Registration In Laxmi Nagar at reasonable prices. A company is an association of person which is artificial but legal person. If you are starting a new business on small scale or large, registering it is the first step. There are numerous advantages of company registration. First of all, it provides protection. When your business name is registered, it gets protected means no one can use that name for running business. For more protection you can also choose trademark. A company is registered under Companies act 1956. For the purpose of registration, an application shall be made to the registrar for ascertaining the availability of the proposed name. After obtaining approval of name, following documents shall be filed with registrar: Memorandum of association Articles of association Statutory declaration n
If registrar is satisfied that all necessary requirements are fulfilled, he shall register the document and issue the certificate of incorporation.
A company has perpetual succession means the life of company does not depend upon the life of its members. Directors, members, employees act only as agents of company. Death, insolvency, insanity or retirement of any member does not affect the continuity of the company. A company shall continue forever until it is wound up, dissolved or by the order of court or registrar of company.
When the question arose in mind that why should I register a company? This confusion can be resolved by a long list of benefits of company registration.
Other main reason to register a company is the liability protection. The liability of members of a company is limited. In the case of limited company the liability of members are limited, they are liable to pay only such amounts is due from them to the company.
In the case of private company minimum number of person is two. A private company is entitled to commence its business immediately after receiving the certificate of incorporation. For a public company minimum number of person is seven. For the commencement of business of a public company, a certificate is required.
Tax deduction can also be considered as a vital fact for company registration. Companies pays corporation tax on their taxable profits and the level of corporation tax is low than income tax. Not only this, after company registration you can get tax deduction for expenses related to your business. Even for establishing a bank account on the name of company, registration is must.