Starting your own limited company is both exciting and daunting. You need to consider many things before you even think about company formation. Below is the hings you ought to consider.
Before registering as a company
Find out more about setting up and running a company, before you decide to register as a company. A company has different legal, financial and record keeping responsibilities compared to other business structures.
As setting up a business is an uphill task, one should follow the required process of company formation carefully. Most of the businessman starts doing business casually without giving importance to the company’s formal name and structure. It seems normal but surely it is a serious offense and cause hovac to your business idea and its future. Therefore, registering your company must be first and foremost thing to do. Whether it is partnership or a proprietorship firm, all the things should be mentioned carefully while going for the company registration in India. You should take help of tax consultant firm in Delhi to complete all the formalities efficiently. Companies should be started as per the laws as incorporated under the companies law.Other important things related to company formation are:
Director’s Identification Number (DIN)– It has same priority along with the company formation in India. When a company registered, director get DIN.
Second important thing is the company name. When the applications for the company name has been filed and submitted, Registrar of Company is responsible for the name and registration of the company. These are company registration services. The company then has to get the certificate of incorporation from them again.
You can only choose a company name not already registered to a company or business. Special approval is also required to use certain words in your company name.
It is necessary to note that all the registration process is done before the start of a company. It is mandatory for good health of company and it’s employees.
In order to complete all registration process, one should consult one of the company registration consultants in India that are well verse of all registration process and can lend you right assistance and help in this area.
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