5 Reasons To Register A Company Online

The company is India's top business organization which has seen a great deal of attention since the launch of the Startup India initiative. Entrepreneurs from all over the world are now flocking to India's Ministry of Corporate Affairs for company registration. Why is this such a rush? Do you think there is value in having a company registered in India? Yes, there is. This article examines seven key factors that led to it.

Since the beginning of the Startup India initiative, everyone has been bitten by the itch of an entrepreneurial bug. It doesn't matter the type of business or how big they run it. If there's an idea for a business everyone is eager to turn into a business - the Company.

The Directors get the Perk of Limited Liability.

For entrepreneurs who are just starting out, running a business is easier as the risk is minimal. This is why they prefer companies that offer the ability to take on a limited responsibility. What does that mean? It is the fact that shareholders are only responsible for losses up to the amount of their stake in the company. No personal assets will suffer loss if the business falls.

Company Registration leads to a Separate Legal Entity.

As opposed to other unregistered business organizations in India the company is a distinct legal entity. When you incorporate it by utilizing your business advisors and create a brand new identity for it. It's similar to the birth of the person within a corporate space. The individual has an identity card, a PAN card as well as a bank account. He also has the right to own real estate.

It can exist perpetually.

 

One of the main advantages of having a company registered online is that it permits the company to continue to exist regardless of the director's departure from the mortal sphere. Through the process of share transfer, directors and shareholders are able to transfer shares belonging to an individual who died to another. When they do this the legacy of the company continues for a long time after the death of its chief.

Builds your reputation with customers

Many entrepreneurs online think they don't have to register their business since they are on the internet. I'm not sure if they looked up if any of the big companies on the internet aren't registered. Google, Facebook, etc. are all registered companies.

After you have registered your business your reputation and perception of your business by the public will be enhanced. The majority of corporate clients only work with registered businesses. They do not conduct business using a business that isn't registered. In Cameroon as well as in many other countries, it's against law, both for regulatory and tax reasons.

Some reputable businesses can go to the extent of asking you for your taxpayer's certificate or business license. In actual fact in Cameroon the invoice you issue or company letterhead needs to include the taxpayer's identification number and registration number. Customers are more likely to trust your business when you issue receipts bearing your name as well as proof that you're a registered company.

It is easy to register a Company.

The ease with that you can register an organization is awe-inspiring. The process of registering a company is done online and is easy to understand. All you have to do is call an Office Secretary for your company or a Certified Accountant, request their contact details, and incorporate your business.