Common Errors to Avoid During Company Registration

The final step before you can start your new firm is to register it, which lets you achieve your entrepreneurial dream. A company must be registered in India, which requires a number of steps that must all be carefully followed and followed precisely. It was imperative that nothing slip through the cracks because doing so could lead to terrible calamities. Having a Company Registration Consultant in Kochi, Kerala will guide you properly during the process.

The following mistakes should never be made when assembling a firm.

> The firm name cannot just be filled in while filling out the name application form; care must be given. The application must be double-verified at the final review phase before submission.

> The information in the numerous supporting documents that are submitted with an application must be precise. If the submitted information is unreliable or inaccurate, the company registration application may be refused.

> Directors that are also stockholders are common in many corporations. It’s critical to distinguish between managing the firm as a director and owning it as a shareholder. Just give shares to anyone who you want to ‘own’ stock in the company.

> At the federal, state, and local levels, India has numerous direct and indirect tax legislation. It is crucial to be aware of all applicable tax rules, comprehend them, and account for them when filing your taxes.

> It is always desirable for a business owner to keep the company’s ownership and executive divisions distinct, and to select the Board of Directors and Director of the company with the greatest care and delicacy.

> Any employee of the company can typically be asked to sign a non-disclosure agreement. You must explain the specifics of the company when hiring new employees or asking them for assistance. You face the danger of having your idea stolen in these situations.

> The address field on applications is frequently a source of confusion for applicants. The application form requests two different types of addresses: the director of the company’s personal address who will sign it and the address of the main office or headquarters where all significant business operations will be conducted. The address information must be supported by recent—not older than two months—proof of residency.

> There are numerous service providers offering various services linked to company registration. A thorough research of the service provider’s dependability must be done before making a choice.

VBV & Associates the leading Company Registration Consultant in Kerala.  The best way to correct your company’s details can be suggested by our team of consultants, who can also put you in the appropriate direction.