Documents required for company registration
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Top 6 Reasons to Register a Company in India
There are many reasons why entrepreneurs register a company. A company is an independent legal entity with perpetual succession. This is one of the reasons why entrepreneurs choose to register a business. A company is unaffected by the death, insanity or insolvency of any of its members. These are the top reasons you should register a private limited business in India. 1. Separate Legal Entity A company is an artificial judicial entity created under the Companies Act. The company is an independent legal entity, separate from its directors and shareholders. A company has a greater legal capacity to acquire property and make debts, while its shareholders have no liability to the company’s creditors. 2. Perpetual Succession Perpetual succession is the continuation or persistence of a company’s existence forever. A company is legally active until it is liquidated by its members in a legal proceeding. Perpetual succession means that a company or corporati
Why You Need A Chartered Accountant While Setting Up A Business
The single most important person in your business is your accountant. Chartered accountants are available to help you set up a company for as little fees. Correctly structuring your company will save you money and reduce the risk of penalties. Chartered accountants know the ins and outs of all the taxes, levies, and social security obligations associated with running a business – they can help you minimise the risks and maximise the potential tax concessions. Why you need a chartered accountant while setting up a business: You need to choose the right accountants to help you set up your business and make sure it's legally compliant and financially sound. Inside Information was asked why outside accountants are often asked to visit or audit a company as part of a due diligence process. The answer is that to be accredited (or licensed) as a chartered accountant, accountants must pass the professional exams and comply with the ethics code. However, they are often not company expert
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