Reasons Why Hiring a Business Registration Consultant Is Safe

Registering a business is not an easy task because it requires knowledge of all the rules and regulations required to set up a business. If you are going to start your own business then the first requirement is business registration. It is likely that you are unaware of the process. It can be very difficult for you to comprehend all the procedures on your own. This is where chartered accountants can be quite helpful and aid you with the registration of your business.

Top Reasons for taking the services of Chartered Accountants:

1. There are different types of business entities which can be formed like one person company, sole proprietorship, private and public limited company, limited liability partnership etc. Only a chartered accountant has required skill set and expertise to assist you in the business registration. There is different procedure for setting up each business entity. Thus, it is necessary that your business compliance with different rules and regulations.
2. There are some basic and minimum requirements to set up a company and chartered accountants are aware of all minimum requirements which need be met to form a company.
3. There are different requirements like for registering a public or private limited, the companies act 1956 sets down rules and allotment of Director Identification Number(DIN), acquiring Digital Signature certificate, name approval of the company etc. Hence, they can tell you easily about the required documents and procedure to set up your company.
4. You company need to meet some legal prerequisites. Company formation consultants are familiar with the entire current legal requirement so that you meet all requirements and do not get into any type of future problems.
5. Relevant details are important in setting up a private or public limited company like if you want to form a private limited company then you need to have two people for forming any private limited company. Additionally, there is limit on maximum number of persons required for formation of company.It is difficult for you to remember entangled details and this is the time when you should seek help from chartered accountants. These services proved to be a boon for you while setting up a business in India.
6. Tax Consultants helps you in book keeping, accounts outsourcing and filing of tax returns also. You can get a complete package for your organization at one place.
7. They can tell you the advantages and disadvantages of forming a particular type of company. You can consult them in making critical decisions for your business.

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