Why is it important to get your business registered?

Posted by Sundhar on June 26th, 2019

Starting your own business is the first step towards independent earning and we know you would like to start it perfectly. Along with investing on a good plot and other props that would help your business to grow, it is probably a good idea to invest on getting your business registered.

Company registration in India is quite an important deal as this would incorporate your business under a particular jurisdiction and do your work properly with all round support from the government. As an owner, you would need to get your company authenticated which would prove to be really advantageous for you as it will come with different benefits. 

What are the benefits?

The benefits of Company registration in India are as follows:

• Registering your company would provide limited liability protection to its members. This would ensure that you being an owner do not lose out on everything even if your business is going through a loss which is a very important thing.
• The process of sharing or transferring the ownership of a registered business is quite easy and hassle free compared to that of an unregistered one.
• If you have an unregistered business, you would find it really cumbersome to open a bank account for the proprietorship as there is practically no evidence of existence of your business. However a registered company is listed under the Ministry of Corporate affairs and hence any bank would be willing to open an account for them.
• Getting funds for the business is the most important aspect that can help your business to grow. With a registered company, investors would be confident to fund it and hence you would get easy and more opportunities to expand your business plans.
• You would see that many buyers prefer to purchase from businesses that are registered as it instils a confidence in them about the company.

How to get your business registered?

The process of obtaining registration in India can involve a bit of a hassle if you are not aware of the correct procedure. You can do an offline or an online company registration through government’s e-portal. In case you need some assistance, then you can take the help of consultants like MSAssociates who can help you with online company registration guide you throughout. They provide the best advice so that you can carry on with a hassle free business operations.