Welcome to Filingpoint Best consultant for Retail Company Registration Expert +91 72999 72500 Filingpoint Retail Company Registration in Tiruppur is one of the best options for aspiring entrepreneurs looking to start a business in India. A retail business offers an array of profitable opportunities, including the potential to sell a wide variety of goods and services to a broad customer base. It's important to understand the legal requirements and business structure needed for a retail venture before getting started. The process of registering a business in Tirupur is typically completed within 14 working days, subject to the quick submission of all necessary paperwork and approval from regulatory officials. Once complete, the Registrar of Companies will issue the Certificate of Incorporation , showing the official creation of your business and giving it a unique company identity number. Incorporating a business in Tirupur can be an overwhelming process ...
Benefits of One Person Company in India
For the first time, a single person is able to form a legal entity and obtain benefits of a corporate structure. This concept was introduced in the Companies Act 2013, and it is a paradigm shift from previous Companies Act 1956 where a minimum two members were required to float a private limited company.
Incorporating a One Person Company is easy, affordable, and time-saving. It is a great option for entrepreneurs who want to start their own business but do not have the resources or desire to involve more shareholders.
One of the main advantages of incorporating a One Person Company is that it provides limited liability protection to the members of the company. This limits the liabilities of a company to their shareholdings only and protects the owners' personal assets from being exposed to debts and losses that the business may incur.
Another major advantage of a One Person Company is that it offers social recognition and legal status to the business, which enables it to build its name in the market and attract customers and suppliers. This gives a sense of credibility to the business and helps it stand out from its competitors.
Incorporating a One Person Company in India also reduces the compliance burden on the small business owner. As a result, One Person Companies can focus on the core aspects of their businesses rather than being distracted by compliance requirements. It is also easier for the company to raise funds as it is a separate legal entity and has perpetual succession.
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