Each business has to register as a legal entity in India. The most critical business decision is the selection of the correct company structure. That will enable your company to function properly and to comply with legal requirements. I will cover a lot more of the advantages of registering a company. The main advantage is that a registered company is regarded as genuine and authentic and increases the credibility of the company.
It is mandatory to register a business as part of legal compliance. Also, it is very important to register your business as it increases the credibility and authenticity of the business.
Investors prefer to invest always in a strong and legal enterprise. An investor, for example, would hesitate to give a single owner or company money while the investor may be easier to invest in a more recognized company structure, such as a private or a public limited company.
You need to examine some of the most important issues to select the best business structure for your business:
To select the best company structure for your business, you need to look at some of the most important questions:
How many owners or partners will the business have?
How much capital can you introduce for the business?
What is your capability to handle the liabilities of business?
What are the Income Tax rates applicable to the business?
What are the licenses and registrations required for the business?
What are your plans for raising capital for business?
Documents Required for Company Registration(https://professionalutilities.com/online-company-registration-india.php)
1.Passport size photographs of the members, directors, partners, and shareholders
2.Copy of Aadhar Card
3.Copy of Driving License or Voter ID
4.Copy of PAN Card
5.Bank statement (not older than two months)
6.Latest utility bill or rent agreement
7.No objection certificate from the owner of the property
Here is a list of some of the most popular kinds of business structures:
- Private Limited Company(https://www.professionalutilities.com/private-limited-company-registration.php)
- Limited Liability Partnership(https://www.professionalutilities.com/llp-registration-india.php)
- One Person Company(https://www.professionalutilities.com/one-person-company.php)
- Public Limited Company(https://www.professionalutilities.com/public-limited-registration.php)
- Section 8 Company(https://www.professionalutilities.com/section-8-company-registration.php)