Incorporating your business is mode of taking it to the next level. You are actually opening myriads of opportunities for making a mark in the industry, getting corporate benefits and availing new limited liability tax options. But incorporating a company in India can be an overwhelming and complex process. Learn about the ways through which you can ensure easy incorporation at the minimum possible time.
Appointing a Board of Directors
Start the incorporation process via appointing a board of directors. Designate the name the contact information of the directors on the incorporation documents. The directors will then be legally obligated for acting in the best interests of the company and protecting the investments of the shareholders.
Hiring a Corporate Lawyer
For effective incorporation, it is recommended to hire a reliable corporate lawyer. The fact is that the paperwork and documentation are extremely complex. Due to this reason, without adequately knowledge, you may end up making serious mistakes that can lead to financial problems in the future. You will surely not want to risk your stake in the company for filing wrong documents. So, hire a trustworthy lawyer that can help with incorporation from start to finish.
Acquiring the Articles of Incorporation and DIN
A group of various separate documents make up the articles and director identification number. They have their own set of required information and a set fee. Check out the documents with the help of your lawyer and fill out the required information.
Paying the Incorporation Fees
You now require paying the incorporation fees. If you want to rush the paperwork, some of the states even provide the provision via paying additional fees.
Filing a Statement of Information
You may even require filing a statement of information. After the filing of the articles, you may require filing a statement of information in a few months. You can submit this document online. This document will include the basic information about your business like:
Registering the Company
In the final step of incorporating a company in India, you require registering the company via applying for registration. You will have to submit certain documents and the application requires approval from MCA. You will get confirmation mail about the application for incorporation and the status of your form will then get changed to ‘Approved’.
Mike Cornell and Emma Jones are behind the success of Elearning Blog, a blog solely focused on providing free resources and tips for e-learning.