Make It Official #StrategySeries04
Business Strategy Series - 04
Take the First Step to Success - Register Your Business
Is Your Business Missing the Most Crucial Step? Legal registration of a company can indeed function as a marketing strategy because it establishes credibility, builds trust, and enhances the overall perception of your business in the eyes of customers, partners, and other stakeholders. The process of registering a company in India is governed by the Ministry of Corporate Aairs (MCA) and the Registrar of Companies (ROC) in each state.
Essential Legal Documents You Need to Start a Business in India
- Memorandum of Association (MoA)
- Articles of Association (AOA)
- Director Identification Number (DIN)
- Shareholder Agreement.
- Founders' Agreement.
- Certificate of Incorporation.
- Trademark Registration.
- No objection certificate (NOC)
- Obtaining a DSC and DIN
- Reserving a name
- Preparing incorporation documents
- Filing an application with the ROC
- Obtaining a Certificate of Incorporation.
- Legal Recognition - Establishes your business as a legal entity, protecting you from personal liability for business debts.
- Credibility and Trust - Builds trust with customers, partners, and investors by showcasing professionalism and compliance.
- Access to Funding - Easier to secure loans, attract investors, or apply for grants as a legally registered business.
- Tax Benefits - Allows you to claim business expenses and enjoy tax deductions not available to unregistered entities.
- Brand Protection - Grants exclusive rights to your business name and enables trademarking of your brand identity.
- Business Growth Opportunities - Enables partnerships, international trade, and participation in government contracts or tenders.
- Separate Legal Identity - Creates a distinct legal entity, safeguarding personal assets from business liabilities.
- Customer and Partner Confidence - Many companies and customers prefer dealing with registered businesses for added security and accountability.
- Access to Marketing Channels - Allows listing on online platforms, running ads, and attending industry events that require registration.
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