Company Incorporation

Contrary to what is often seen and many websites, company incorporation is not an easy task. More than the procedural difficulties, there are many decisions that need to be taken at the right time, in the right manner, for your business to become the kind of success you dream of. The first of these decisions is to ensure that company incorporation is the right route for you and your business.

Incorporating your company has both advantages and disadvantages. The main advantage is the limited liability status that the owner becomes eligible to when they get their company incorporated. After the formation of a company, the law recognizes the company’s assets as being distinct from that of the individual. Therefore, the owner’s personal assets are not endangered even if the company runs into loss, at a future point of time.

However, the disadvantage of company incorporation is the additional burden it places in the form of added taxation and statutory controls. The company has to employ a Company Secretary who needs to keep books and records regularly and submit all necessary documents on time. Of course, the structure of your company goes a long way in deciding how many employees you need to have, what their responsibilities are and how much tax benefits you can avail of. A competent lawyer can guide you in this matter.

Once you decide that company incorporation is to your advantage, then you can set the wheel in motion. The first thing of course is to make up a business plan, in which you will have detailed records of your company’s services and financial projections. After that, it is time to choose a name for your company and send in the necessary forms so that incorporation can get under way.

In a glance, this may seem like an easy process. But there are many twists on the way. From checking the availability of the name to sensitive words and the need for certain records, there are more procedural intricacies than you would anticipate. That is why many people, including those who have incorporated a business in the past, opt for the services of company start-up services. if you do not have the time or the inclination to invest your energy into the lengthy process of collecting data and submitting each bit of information as prescribed, finding a service provider is the easiest way. These days, you will find a large number of such services online. It is recommended that you get your business incorporation done through one of these services.

When you approach a professional, you can leave all the hard work to them. You can rely on their expertise as they check out availability of name, the necessity of records and other formalities. When the process is carried out professionally, it is more reliable and speedy. Additionally, when company formation is done electronically, you can expect approval in a very short period of time, even in 24 hours!