Are you planning to start your own business? The first step towards realising your entrepreneurial dream is to register your company with the appropriate legal authorities. Company registration can be a complex process, but with the right guidance, you can navigate the procedure efficiently and quickly.
In this guide, we will cover all the essential aspects of company registration, including the company registration process, company incorporation procedure, and the benefits of business registration.
Understanding the company registration process
The process of registering a company in India can be lengthy and complicated. The company registration process in India is governed by the Companies Act, 2013. There are specific legal procedures and formalities that businesses must complete before incorporating their companies. These include obtaining digital signature certificates, director identification numbers (DINs), and memorandum of association (MOA) and articles of association (AOA) documents.
The company registration procedure involves several steps, including name reservation, documentation of company incorporation, submission of a certificate of incorporation, and applying for a Permanent Account Number (PAN) and tax deduction and collection account number (TAN). With a qualified legal professional or a reliable business registration service provider, you can complete the process with ease.
Benefits of company registration
There are several advantages to registering your company. Let us look at some of them.
- Legal compliance: Company registration ensures that your business complies with all legal and regulatory norms. It makes it easy for you to file taxes, maintain records, and create trust among customers and investors.
- Access to government aid and subsidies: With company registration in place, your business can access government schemes and incentives such as MSME benefits, export incentives, and more.
- Easy expansion across states: With proper registration, businesses can easily expand their operations to other states, opening up new markets and customers.
- Protection of personal assets: Registering your company as a separate legal entity from yourself provides personal asset protection, shielding you from any liability in case of business losses or debts.
- Access to business loans: Banks and financial institutions require registered documents from your business to provide a business loan. With proper company registration, you can quickly secure loans for your business, accelerating growth and development.
Starting a business can be a daunting process, but with Bajaj Finserv Business Loan, you can achieve your entrepreneurial dreams with ease. Proper registration brings significant benefits such as legal compliance, access to government incentives, and access to business loans. If you are looking to start a business, ensure that you complete the registration process on time and with all the necessary documents to realise the benefits of being a legal business entity.
Apply for a Bajaj Finserv Business Loan today and finance your entrepreneurial dreams with ease. With Bajaj Finserv, you can get access to a business loan of up to Rs. 80 lakh, minimal documentation, faster disbursal, and flexible repayment options. Do not let financial constraints slow down your business growth - apply now and take the first step towards achieving your entrepreneurial dream.
