Business Registration
The process of registering your new or existing entity is known as business registration. By registering your business, you will receive a certificate of registration, ensuring that your company is legally protected in the future and that no one would imitate your brand.
There are a few ways that business registration might benefit your organization.
- Your company will be able to collect funds more easily now that it is registered.
- Business registration allows customers to learn more about your company and its services, which helps to establish a brand name and value in people’s minds.
- Customers would be more likely to trust your company.
- You can take advantage of tax deductions.
- Registering your business will protect you from having to carry out all of the obligations and losses on your own.
Some Government norms to look out for:
- There should be a minimum of 2 shareholders.
- There should be 2 directors.
- At least one director should be an Indian national.
- Minimum capital is not required.
- The PAN (Personal Identification Number) is a mandatory requirement for Indian citizens.
- Applicant’s ID proof
- Proof of residence
- If the business property is rented, then the rent agreement, copy of the latest electricity/water bill and NOC signed by the owner of that property.
- If the business property is owned by either of the directors, then documents proving ownership, such as a Sale Deed or a House Tax Receipt, as well as a no-objection certificate, as required by the rules.