How Startup Company Registration Done In India & Why It Is So Important?

Nowadays many startups have been rising, and it is common in running a business in main cities. But there are certain rules and regulations to start a business or a company before you move on. As per law any startup or a business formation there should be a follow-up registration procedure considering the formalities to complete to get it legal.

There are quite more prominent reasons why should you make your startup or a company legal:

• A person can proceed with their business activities after legal company registration in a standardized manner.
• You can create a brand with complete registration so that people can move comfortably with your service.
• There are no hurdles in getting company based loans, as after the company registration it matches the terms according to banking policy.
• No personal liability commenced for a company after legal registration, so you can make it legal now.
• Your company would stand out of all companies if it were legally registered under private limited company among small, medium and large companies.
• Foreign companies who wish to operate in India, are granted permission by the Reserve Bank of India to operate branch offices in our country.

Forms of Company Ownership:

Proprietorship: If a single person owns a company then the owner is called the proprietor and the form of ownership is called proprietorship.

Partnership: If more than one person owns a company then the number of people who own the company are called partners, and the form of ownership is called partnership.

Conditions Required for Registering a Company:

• Choosing the business location.
• Deciding on the form of ownership.
• Deciding on the trademark.
• To acquire a TAX ID for the company.
• Apply for a license from the local authorities.
• Registering with the tax authorities.

Further, people, who start even for a startup or a business there are a lot more benefits for registering a company. Company registration gets easy now at online, and are people who indulge their part of service in offering easygoing registering process within 5 to 8 days in a legal format. You can now consult professionals advice for Company Registration In Bangalore! Quick 7 steps to why should start your own business?

Source — https://leintelligensiasite.wordpress.com/2018/12/28/how-startup-company-registration-done-in-india-why-it-is-so-important/