Welcome to #FilingPoint.Com . There are many reasons that lead to the growth of online businesses in India, and this has now manifested itself in the growth of new company registration in Chennai. One of the most important factors behind this growth is the introduction of new indirect tax laws by the Government of India. These laws have made it easier for all kinds of businesses, be it a sole proprietorship, a partnership, a joint venture, a Private Limited, limited liability company, an unincorporated body or any other type of business entity to register their businesses with the Governmental authorities of their respective State or the Union Territory in India. This has resulted in the growth of online businesses in Chennai and other coastal regions of India.
OPC Registration in Chennai also refers to the Private Limited incorporation. This was introduced by the then Prime Minister of India in a bid to regulate indirect taxes across the country and eliminate all federal and state indirect taxes on personal goods and services by introducing GST Registration Online in India. There are many advantages of registering your business as a Private Limited or OPC. Some of these are that there will be lesser paperwork, lesser forms to be filled up, lesser fees, exemption from stamp duty, property registration, and yearly inspection among others.
However, there are certain disadvantages of the OPC company registration process in Chennai. One of them is that there will be lesser employees as there will only be One Shareholder that will restrict raising capital in TN. Another thing that should be mentioned here is that the company formation charges will be lower in Chennai as compared to other places. So if you are a new entrepreneur, it will be wise for you to weigh things and decide whether you can afford to take the risk.
Call Filing Point Incorporation Experts to Open your Company in Chennai India +91 72999-72500
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