Whether you want to start a small company or a major one, the initial step is to get your company registered so you can legally operate! Getting your company registered is also necessary in case you want to win the trust of your clients or customers in future. If they find out your company isn't registered, they might doubt the authenticity of the business you do. If this isn’t intimidating enough, an unregistered company can attract a lot of penalties. The penalty for not registering a company can be as high as Rs. 10,000 per day of default. If a company is not registered with the Ministry of Corporate Affairs, it is not considered a separate legal entity from its owners. This means the company's owners will be personally liable for any debts or legal issues.
So we, at Registrationwala, would suggest you to get your company registered AS SOON AS POSSIBLE!
For an amateur that does not have experience in doing business, doing the paperwork for company registration while keeping in mind all the rules and regulations of the Government of India can be a complicated and overwhelming process. Just skipping one step can lead to the rejection of your company’s registration application, and you’ll be back to square one.
Hiring a company registration consultant is an excellent idea for an individual looking forward to opening up a company. A company registration consultant with years of experience on their hands and complete knowledge about the business sector can help you save time and effort by taking care of all the paperwork and ensuring that everything is done in the right manner within the given time frame. A company registration consultant can also guide you on the different types of business entities and help you pick one that meets your requirements. They can educate you on the implications of taxes of each structure and help you to make informed decisions about the company incorporation in accordance with the law.
While registering your business, you’re aware of the fact that all the operations will be done under the company’s name. So, it is crucial to have a unique and interesting name for your company. You have to cross-check whether the name selected is not already in use by using company search tools to avoid getting sued in future. You can discuss your ideas about the company’s name and the company registration consultant can give you an insight on it.
For the firm registration application, you have to go to the Ministry of Corporate Affairs’ portal. If you allocate this task to the company registration consultant, they can fill out the form easily and precisely. Before initiating the application process, they ensure that the paperwork is in the correct sequence. In contrast, if an amateur fills out the form details without help, they can unknowingly make errors and in that case, all their efforts will go to vain.
The company registration consultants can also offer their suggestions on which area can be chosen to start a company, unless there’s already an office address for the business. Many times, the businesses’ ideas and efforts are praiseworthy but due to their location, they are unable to generate as much profit as they deserve.
Since company registration consultants have a solid perspective of other companies, they can help you prepare a roadmap to outperform them in the market. You can also expect these consultants to give you their feedback on the business needs and risks involved in the process.
It is necessary to choose the right company registration consultant for you, who will be your mentor from the beginning of the registration process to when the company is finally registered. The entire process should be smooth and transparent and no room must be left for doubts. It is the responsibility of the company registration consultant to make sure his clients are happy with the services.
Hiring a company registration consultant is a great idea. At Registrationwala, we have a team of company registration consultants. Our consultants with years of experience on their hands can help you make the best decisions for your company, from the registration to all the licenses needed. We do everything in accordance with the law for a seamless and hassle-free experience. We have vowed to win your hearts with the loyalty we provide and the choices and efforts we make when it comes to you.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.