Why Company Registration is Essential for Small Businesses: Benefits Unveiled
Company registration is an important step for small businesses for many reasons. It provides a legal framework within which the business operates. It also brings many benefits that can help the business grow and sustain itself. The Registration Process for Small Businesses Small businesses in India can be either a one-person company, a limited liability partnership, a private limited company, or a Public limited company . The registration process includes many steps, like choosing the type of business entity, obtaining a digital signature certificate, obtaining a director identification number, registering on the MCA portal, Registering for GST , and obtaining a certificate of incorporation. The Following are the key Benefits of Registration for Small businesses Legal Recognition and Protection - Upon registration, a small business receives significant legal recognition and protection. The business requires all of these for growth, sustainability, and operation. Once a small business