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What Are the Benefits of Registering a Business?
According to the Economic Survey 2021-22, India has approximately 61,400 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), with at least 14,000 recognized during fiscal 2022. Younger generations are inventing new solutions to improve people’s lives and solve corporate problems.
Unfortunately, many people ignore the most important phases in today’s business frenzy. The significance of business registration is the first stage in an entrepreneur’s journey. In India, there were about 1.43 million registered firms as of January 2022. Over 1.42 million of these were limited-by-shares businesses.
Emblaze provides the complete Business Registration Services in Kochi, Kerala, Chennai, guaranteeing that your goals are accomplished on schedule. As a result, we pave the way for the best entrance path while also assisting you with transaction structure.
Business registration will give you protection under the laws. Also, aids in the promotion and expansion of the company in a variety of ways. Numerous benefits are discussed below.
Reputation in the Industry
The business registration has shown to be the most successful method of connecting a brand with its customers. It aids businesses in developing credibility and establishing a personal reputation with clients.
Legal Protection
Following the business registration your company is legally recognized. Your registered business name or a name that is similar to it can no longer be registered by another business organization in the region.
Business Bank Account & Other Credit Facilities
Company registration allows a firm to create a corporate bank account, and you can request a bank loan. Also, you may easily receive a loan from lenders and investors since you have a bank account, which is considered conclusive proof of the company’s registration.
Tax Benefits
Tax holidays will be available for the first three years, depending on the structure adopted by the startups. They won’t have to pay any taxes until their business is steady.
Registering a business is a time-consuming and expensive process loaded with legal difficulties. However, obtaining expert help is now simple and reasonable, and it comes with a slew of advantages.
Contact us on +91 999 549 2484 or give a quote at mail@emblazetcs.com for further assistance.
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