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Do you have a Question?
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Consultant..
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Company PAN Card
is now
Compulsory.!! |
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PAN stands
for a Permanent Account Number, which is issued by the Department of
Income Tax in
India. It is given in the form of 10 digit alpha numeric laminated card. |
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Company
Registration in India is now Easy! |
There are Various benefits of registering a company in India. These befits can
be from personal obligations to tax advantages that a corporation can enjoy to
investment opportunities in India.
But before we get into
the advantages of making a company we should first know what are the 2 kinds
of companies that can be formed in India, namely:
Private Limited: A private limited company is a private company who cannot
sell its shares to the public. Its shares generally have limited liability.
The private limited has fewer requirements than limited companies.
Public Limited: The Public Limited Company is not a private company. It
can sell shares to the public. The Public Limited has a minimum capital pay up
of 5 lakh Rupees or higher.
A Few Benefits of forming a Company are:
- Protects from Personal Liability:
A corporation/company will
be a different person that the owner. With it like this, then the
owners/managers and stockholders are protected from personal liability when they
are sued. Once you set up a company, if you start having public customers or any
employees, you can run into any liability. With a corporation, you can have a
protection from having your business life mess up your personal life.
- It�s Reliable: A corporation will generally look better to people than
a partnership. Corporations/companies usually last longer than other businesses
and they are usually bigger. Because they look so much better to people, this
means that more people will be willing to pore their money into your company.
With this, you may eventually have more profits with a corporation than any
other business. Because corporation owners are protected from personal
liability, this means that more people would want to buy stocks with no
liability for the company.
- Parted Legal Unit Status: You and your corporation are two separate
legal units, so when your corporation gets sued, it will not affect you
personally. This also means that if your corporation is loaned some money from
somewhere, you are not personally responsible for paying the money back
yourself. With a corporation, the business will still be there when the owner
passes, with any other business, the business will die with the owner. |
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