Top 5 reasons why to register a company in Kochi
Starting a business in Kerala might look very easy, anyone can start a business if you have proper plan and funding. Even though it is also important to register your company. Either it can be a private or priorteriship it is a must to register your company. When your organization is a registered one you can avail of a lot of benefits and funding options for your business. Here in this blog, we are going to discuss the top 5 reasons why to register your company.
Business bank account:
When you start a business, it is equally important to have a current business account to deal with all your financial transactions. It is an asset and also a legal proof of business existence. For a private limited company copy of the incorporation certificate and MOA need to be submitted but for sole proprietorship and partnership companies no need to submit any kind of documents.
Ownership transfer:
When there is a situation where the company needs to transfer its ownership to some other persons than the current owner, it becomes difficult for the unregistered company. In the sole ownership concern it can be sold, only the transfer of ownership alone done. Whereas in the LLP or Private limited company all these kinds of transfers are really easy since they are the registered organization.
LLP:
Facing a loss might be common for business, but the main advantage of registering a company is that it provides an LLP and it really helps in the case of not losing any kind of personal property.
Potential investors and funding:
When the business grows and moves forward, it is obvious to seek some funding opportunities that come in the form of equity or debt. When your company is a registered one, it automatically attracts potential investors into your company for the funding process. Most of the financial institutions or banking services prefer to invest or fund to the registered companies.
Branding:
When you register your business, you get a unique logo/symbol for your business. This helps you to show your identity uniquely from your competitors. Trademark registration becomes the biggest asset as its inheritance moves down the generation and brings up a greater brand value for your business.
Bottom Line:
When you have a business it is legal and official to get registered, if in case you are facing some issues due to any natural calamities, then the government will support the registered organization and fund them to bear with their losses. Not only this is deal with funding issues, but it also helps to build branding a lot. For a registered company, you will have accreditation or a logo that helps to create an identity for your business. These symbols help people to retain your information for a longer time and help to increase your business sales. Then what are you waiting for? Call an expert like us to register your company and help your business to grow more and more.
