Company Registration in Trichy | Company Incorporation
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Company Registration In Trichy

Solubilis guide you to get your company registration in Trichy with easy and speedy way. Company incorporation in Trichy is the good choice for initiate the business. It is the sub urban area and the growth of business opportunity is optimistic one in this developing city in Tamil Nadu. Solubilis is a company registration consultancy suggests the most suitable form of business formation for your business growth. Company formation offers the legal identity to your business promotion. The legal way of business and service offerings are approving through this formal way of registration. Company registration is a single term includes lot of things in itself. Company formation can be any form. It is not a stable one. According to the norms and legalities the business improvisation are the loss of the business require the rapid change of business registration process. The legitimate way of business plans are executing through the formal way of company incorporation. Company registration and formation process comes with various steps.Companies Acts are the admittance decide the perfect type of company registration as per your requirement.

Company registration types

One Person Company registration:

One Person Company registration (OPC) is the form of company registration encourages the sole trader to initiate their business. A single owner company concept is crafting under the norms of the One Person Company registration. One Person Company follows the norms of the Companies Act, 2013. This form of company treating as a private company and one shareholder and one director can operate the business. Both shareholder and a director can be the same person. One person company allows the directors of 15 members as its maximum level. The corporate form business now comes with the one person company registration. Paid up share capital limit is up to 50,00,000 is the major benefit of the one person Company registration. The freedom of sole proprietorship is formulating through this OPC registration. Perpetual succession and limited liability options are the best one for one Person Company. Suppose, the nominee who appointed by the business admin withdraw the acceptance, he need to find another nominee within 15 days is the major complexity.

Private limited Company:

Private limited company registration is a voluntary association of business initiated from the two or more partners. It is certainly differ from the partnership firm. The liability of all the partners of the company is limited by their investment in the company. Separate legal entity for the private limited company is ensuring one. The company totally separate from its member is the characteristics of this company. Perpetual succession is enjoyable one until its wind up. Proper registration under the jurisdiction allows the company to own the properties and shares in its own name. The shareholders or directors are not rule the company. Actually they are the representative behalf of the company. It is clear that the limited companies are attaining more power than its member. Private limited company registration is one of the famous parts of the business form following in India. Share issue process to the general public is the major quality differs from the public limited company. Annual compliances are inevitable one.

Public limited company:

Comparing to all other business forms, Public limited company is zenith with the higher level of reputation. Business credit and transparent mode of business is higher one in the public limited company. Simply the same feature with the addition of public share issue comes within this public limited company. Business continuity is not interrupted by the dismay of the shareholder is the advantageous thing in the limited company. Minimum three members and seven shareholders are required at the time of the company incorporation is the drafting procedure of the public limited company. There is no minimum share capital is allotted for the public limited company. Transfer of shares, annual compliance and appointing a female director is a noticeable thing in the public limited company. People receiving the shares from the public limited company is treating as the members of the company but the primary authorities, business moves and decisions are decided by the actual subscribers of the company and they have more shares than the general public.

Limited liability Partnership registration:

Limited liability partnership registration is a unique type of partnership merged with the quality of limited company. This form of business registration is offering the pure form of corporate structure to the business entity. The business set up comes with general partners and limited partners. Separate legal entity is the common status for all forms of business registration. Both the company and the partners are distinct from each other is the concept of the limited liability partnership registration. The secretarial audit of the LLP required at the time of the contribution level exceeds more than 25 lakhs. Annual turnover not more than 40 lakhs is the easy way to run the business without any formal auditing process. Easy transfer and change of partners are not affecting the existence of the limited liability partnership registration. Formal registration process of the limited liability partnership completes with the approval of the Ministry of Corporate Affairs. The secure way of business is completing with the LLP registration and it can own properties in its own name.

Benefits of Company registration:

To mark the unique identity with the legal existence is offering through this company formation. Legal issues of a company are easily resolvable only when it properly registered under registrar of companies. Limited liability of the company secures the personal assets. Business investment is not a great obstacle there is no minimal capital requirements are allotted in the company registration process. The limitation of the company allows the flexibility to run the business in a freeway. But the common rules are broke the company need to shift for another form.

FAQ

Both the business and company are totally different terms. Any activity carried out offering the profit is categorised as business. Company is a legal entity and it comes with more formulation and structure than a business.
Paid up capital is the money given by the shareholders on the name of the company. Company sells it shares to the third party or the general public. Each share or stock is selling with the basic price and the overall total amount is called as paid-up capital.
Borrowing of money, asset limitation, investment limitation, settlement, transactions and the roles and rights of the members of the entity or company norms are coming under the trade norm of “Liability”
Long running of the legal entity without the legal barriers is mentioned under the term perpetual succession. Change of members, dismay of Shareholder and exit of the member never affect and paving way for the long lasting business.
Unlimited company is more similar to the limited companies. Structure of the business and activities and accounts submission all are same but the protection of personal asset is the major barrier in the unlimited company.