Company is known to be a legal entity which is formed by numerous individuals for running a business. A company can only exist in the market only if it’s registration is done, which is considered as a primary step. So, Company Registration is the first step by which business gets established and run its operations easily.
Registering a company allows you with numerous benefits that you cannot avail from Proprietorship firm or Partnership Firm.
The benefits of company registration are:
- Legal Entity
A company is an artificial person created by law which represents a real and its own individual existence that is separate from the directors and shareholders of the company. The time, when company gets incorporated it becomes a legal entity.
- Perpetual Succession
Company is created by the law and can only get closed as declared by law, which means company’s presence is everlasting. A company’s existence is not affected by the death or resignation of any member and can only be dissolved by the law.
- Limited Liability
It says liability of the members existing in a company is limited to the amount of the face value of the shares held by them and not liable to pay for any other matter or from their personal assets.
- Transferability of Shares
In a Public Limited Company, shares are easily transferable without any restriction imposed on it. However, in a Private Limited Company, the share transfer is not frequent due to it being a closely-held, but it is not prohibited either.
What if a company is not registered?
A company that is not registered, cannot come into existence until it gets valid registration done. So, company registration is a necessary compliance and if failed to do so, will impose high penalties. Also, being an unregistered company, will not allows you the benefits enjoyed by the registered company.
So, Company registration shall be done before hand to be at a safe side and run a successful and profitable business in the future.
To get you company registration, contact us at:-
Contact Number:- +91 991 0000 833
Email Address:- info@eadvisors.in
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