Want to go global or be the best in the corporate sector? If so, then the first major hurdle to overcome should be the LTD registration of the company. Basically, registration of a company gets importance as it ensures the security of the rights of the company. Some more reasons to undergo a company registration process are:
- The company gets a Corporate Identification Number from the Ministry of Corporate Affairs, giving a separate identity to the company. Registration also helps to take business risks and protection of personal assets. Companies after registration also get some rights and privileges.
- Avail loans from banks become more comfortable once you get your company registered. Company registration becomes a proof for the same.
- If the company is registered, the liabilities are on the company and not on the personal assets of the entrepreneur.
- Reputation and goodwill are very useful for any company to grow, and registration of a company gives the same. Once reputation increases will definitely increase the number of third parties to invest in your company.
- Company incorporation is again beneficial as it lessens the tax liability. Tax liability on companies is lower in comparison to the liability on an individual.
- Company registration is also essential and helpful for the continuity of the business further.
Types Of Company Registration
According to the Companies Act 2013, company registration is available for the following companies:
- Private Limited Company: Registration here allows minimum two and maximum of 200 members. Total capital here is from the shares of each member. Liability is limited to the number of shares with the members.
- Public Limited Company: Company must have three directors and seven shareholders. It has no limit on the number of shares.
- Partnership: The form of this company works with partners in it. In India, we evidently see many partnership companies as they divide all the profits and losses as per the Partnership Deed made.
- Limited liability partnership: LLP is a separate identity from the partnership. Liability of partners here depends on the number of share capital.
- Sole proprietorship: Registration here allows only a single individual to register a company on his/her name. He/she is the only beneficiary and sufferer here.
Both limited liability and private limited entities are a part of limited registration in India. It helps you in expanding the operations and reach unseen heights.
3e Accounting’s Reliability On Ltd Registration
The company registration process should be done by fulfilling all the legal formalities and obliging with them. The 3E Accounting team helps in the same and has helped many companies for limited registration. 3E Accounting India is known to help entrepreneurs in the process of India Company Incorporation flawlessly. They have a team of experienced professionals who is always ready to help you with all the steps to complete the limited registration.
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