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There are increasing the no. of business startups in India. So, do you want to legalize your business? Check here top 3 reasons why you have to register your private limited company in India and get the many advantages for your startup business.
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TOP 3REASONS WHY YOU SHOULD REGISTER YOUR PRIVATE LIMITED COMPANY Starting a business is a dream of many people these days. He/she would work so hard to start the business. Some invest thousands of hours upon searching for new ideas which last for their lifetime, is unique in nature and is possible to be implemented. During implication and expansion of this idea, one needs to communicate it to lots of professionals and experts that will support the vision of the business and in that case, one is required to get Private limited company registration in India (if the person and the business are from India). Just because of small registration costs dropping the idea is definitely not a good choice. One of my friends recently started a business of Bags’ manufacturing. His business is running well and has become very popular in the first year itself because of the quality and designs available. The demand for bags was so high that he needed to expand his business further and for that, he needed advice from another friend of his. His friend suggested that he should first get his business registered otherwise investors might, in turn, use his idea before he is able to implement. So, he went and searched for how to register a Pvt Ltd company in Gujarat. After registering he went to one of the investors and got the funding he required. There are lots of benefits to registering your private limited company. Following I have stated 3 reasons for you to register your business: Limited Liabilities: This is one of the most important reasons that one should register because businesses are uncertain. External and internal forces just not only affect the business but sometimes it takes you out of the business. In Sole proprietor and partnership firms, liabilities are unlimited so at times one needs to sell personal belongings to repay the credit. But if one registers his/her firm as private limited company in the clause of limited liability, they are recommended against the same. Truestartup | Register Your Pvt Ltd Company 1
Attract funding: For long-term growing businesses funding is one of the essential parts. In sole proprietorship or partnership, one cannot issue shares and attract equity funding, which becomes an obstacle for them. Private limited company registration allows attracting funding from many sources. Exit plan: Any person doesn’t think about exit but sometimes situations make them do it. So there should be one door in which the firms get the exact value of the hard work they have put in as well as no hustle takes place in the transfer of the business. Registering your firm as a private limited company is one assured way for doing so. Private limited company registration is the best option for any person who wants to start his/her' own business because it provides lots of benefits as well as gives a legal identity to the business. Register your Company or trademark, contact us: - Website: -http://truestartup.in/ Email: - connect@truestartup.in Phone No: - 9737106000 Get Socialize with us: - Facebook | Twitter | Instagram | LinkedIn | Pinterest | Google+ Truestartup | Register Your Pvt Ltd Company 2