What is Company’s incorporation?
Company’s Incorporation means making a Company a legal person; making its own identity. Basically, incorporation means giving Birth to a Company.
Why incorporating a Company is necessary?
- Shield yourself from liability.
- Establish Perpetual Existence and Transfer of Ownership.
- Gain Tax Advantage
- Enhance the Company’s image
- Improve ability to manage.
When Register a Company in India?
When a businessman contemplates to register a company, he would think about various reasons. Two of the main reasons is that a company is a distinct legal entity having perpetual succession. Hence, a company is not affected by the death, insanity, or insolvency of an individual member. The following are some of the top reasons to register a private limited company in India.
- Separate Legal Entity
- Perpetual Succession
- Limited Liability
- Transferability of Shares
- Owning Assets
- Equity Raising