Why is it important to follow the procedures for company registration

People who are looking forward to setup their own company needs to know a lot many things. Most important thing is to follow the fcra registration procedure which is legally very useful. There are certain guidelines that have to be followed. One of them is that the company can take foreign contribution only if it is registered with the central government and if it is ready to take the contribution only by using one specific band account. The procedure of company registration in India can be very complex if done without any help of person who has legal knowledge.

Another thing which is an essential part of setting up and running the company is to get the service mark registered. The process of service mark registrationis pretty simple once the requirements are satisfied. Service mark is a symbol which is used in service providing business. The goods and products are not traded but it is about those services which are provided to the customers. The industries which provides such services are hospitality, airlines etc.

In case you are short of some funds or if you think that you will not be able to manage the company altogether, then opting for partnership is a better idea. Although it is good, but there are certain things which can crop up later in the life of a partnership firm and care should be taken well in advance. The procedure of partnership firm registration starts with filing an application. You should make sure that there is either an oral agreement or a written one between the partners. But it is always better to have a written agreement as a proof for future. Also, the agreement should contain all the terms and conditions whichever can be specified. If possible, then try to update the agreement timely. It is also compulsory for the partners or their representatives to carry out the business. Do a thorough study of the Indian partnership act to carry out the business effectively.

The process of business setup in india becomes very simple when a legal help is taken. A big thing which is important is to procure the material in cheaper rates- as cheap as possible. The hard part of setting up is managing the legal formalities for which legal help will be priceless. It can save you from all the pain. If you are wondering from where to start, then first thing is to see whether you are eligible to start a business or not. You should also have a PAN card with you because it will help you to manage all the issues related to taxes. It is not a difficult to procure one. Next thing is to gather the workforce. You might want to find out trustworthy people for it because managing the whole business is almost impossible. Right people will help in promoting the business further. After that, you must checkout for all the restrictions and limitations and abide with all the legal requirements after which you are all set to start the business in real.