Important Advantages of Company Registration

May 1
18:58

2020

Aavana

Aavana

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Company registration is the registration of the organization under the jurisdiction they operate. Depending on the nature of your business, your company can be owned by a single person or a group of people.

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  • When you get your company registered,Important Advantages of Company Registration Articles you’ll be registered under the Ministry of Corporate Affairs (MCA)
  • Getting your company registered will give you a separate legal entity from its owners. The company will function according to the Companies Act.
  • Your company gets individual recognition in the market.  When your company is registered, you will have an identity of your own.
  • Raising funds for your business becomes easier when you get your business registered under the Ministry of Corporate Affairs as your business will have a legal identity of its owns
  • When you register your company, you will be required to follow the structured maintenance of your business’s accounts which will, in turn, give you tax benefits.
  • It becomes easier to establish Business Bank accounts when you get your company registered.
  • When your company has been registered, it helps in building a better rapport with the customers which in turn builds a good reputation for the company. 
  • The brand value of the company plays a very vital role in the growth of a business. Greater the value of the brand, greater the growth.
  • It is Immortal
  • Companies enjoy the advantage of borrowing funds. Once the company is registered, it becomes easier to get loans and other financial assistance.
  • The brand of your company is protected when you register your company. Your company becomes an independent legal entity and can take legal actions in its own name against another person or another company.
  • An individual will not be personally liable for any loss that is incurred by the company. 
  • A company will continue to exist until it is dissolved legally. It is a separate legal entity that will be unaffected by the death or transfer of any member. Changes in membership, members, or shareholders will not affect the functioning of the company.

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