What is the Process of Company Registration in Jaipur ?
As per reports, India is a country having the second-highest number of unregistered businesses in the world. However, the number of registered companies has steadily been increasing with the total being 17.95 lakh as per the data by the Ministry of Corporate Affairs.
Starting with the baby step of shortlisting your business idea,
doing in-depth research and development of the market trends, developing the
product or service, looking out for finances, charting the rough business plan,
the final step towards achieving your entrepreneur dream is good to go with
when you are seeking to opt for Company Registration in Jaipur.
Some of the Listed Business
Entities
Companies can be registered as private limited, sole
proprietorship, partnership, limited liability, one-person company, and many
more. For every type of Company Registration in Jaipur, you need to
go through all the paper formalities. For instance, all private limited and
LLPs are governed by the Companies Act 2013 and are registered under the
Ministry of Corporate Affairs. Registering a business was once a tedious
process and a costly affair involving legal complexities. But seeking
professional assistance is now very easy and affordable and it comes with a
whole lot of benefits.
Private Limited Company Registration in Jaipur
This is one of the most preferable types of Company
Registration and it is widely chosen as it offers greater
flexibility, limited liability, and has a great possibility for expansion.
A private
limited company is incorporated under the Companies Act
2013.
Sole Proprietorship
Also called a Solar Trader Company, in this type of business
entity only one person owns and takes care of the business operations. It is
simple to set up, no capital investment is required. There are no benefits of
limited liability and no legal distinction between the business and its
owner.
5 Reasons that you must consider for registering a
company in Jaipur
1. Opening of business Account
A current bank account is a basic requirement and an
important asset of any business be it a partnership, proprietorship, private
limited, etc., and serves as legal proof of existence. While opening a business
bank for a Pvt Ltd Company in the respective state,
copies of the incorporation certificate and memorandum of association need to
be submitted. Whereas no such documents are needed for sole proprietorship and
partnership companies.
2. Easy transfer of ownership
At some point in time, there does arise a need to transfer the
ownership of the business and in such cases, it becomes more complex for
unregistered business entities. Sole Proprietorships cannot be sold and only
the transfer of ownership of assets can be done. On the other hand, the
transfer of shares and business-related documents is easy for the entities that
are registered as Private Limited Company Registration in
Jaipur.
3. Limited Liability Protection
Any business is prone to incur a loss and one of the main
advantages of registration is that it offers limited liability protection, and
hence the business promoters are not liable for the liabilities of the
business. There is no way of losing personal property.
4. Brand Recognition
A registered business is the biggest asset and has the prospects
of being passed down as an inheritance to generation or it could be sold to new
breed entrepreneurs. Company Registration is required for
sustainability.
5. Secure funding
To move your business forward, seeking and securing investment
cannot be missed out. Funding could be in the form of debt or equity. PVT LTD
Company Incorporation in Jaipur facilities the funding process well and attracts more
potential investors.
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