WHY COMPANY REGISTRATION IS IMPORTANT?

The main aim behind registering a company is to protect your business & branding & establish your name in the market. It is always better to get your company registered at the earliest as it will protect your interests in case of any mishaps in future. It is always advisable to start your business in an organized way. To authenticate your business it requires certain registrations & certificates.

The process of obtaining a legal authorization to conduct business within your chosen jurisdiction ensures that a business is operating under the lawful obligations of its control. There are several formalities that must be completed prior to the completion of the business registration stage.

The foremost important stage in the registration process is deciding upon which jurisdiction to establish your business in. Also, it is significant to consider the financial and economic benefits, pros & cons of setting up your business in that jurisdiction, after choosing the jurisdiction, the registration process of business & licensing can then be initiated.

The submission of range of documents includes certificates, professional references, as well as a detailed overview about the nature of business. Further, the company must present a proposed company name that complies with the legal requirements of the jurisdiction, which will be later assessed by that jurisdiction’s registrar general.

Registering a company is significant as it strives to establish the business as a legal entity. A company will not be protected under any grievance procedures if it not registered. Further, it will not be protected by the jurisdiction from any economic, legal or social instability.

Contact us for more information on company registration in Mumbai.