Retail Company Registration in Coimbatore - Filingpoint

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Aspiring businesses have to enlist themselves as legitimate entities in the business sector. It is crucial to opt for an ideal legal structure based on the scope of operation and compliance-management ability. Every structure adheres to a different set of legalities and procedures.

The most suitable structure for small business is a partnership-based firm. It requires a minimum of two partners who can mutually agree upon norms and include them in a partnership deed, which must be sealed and authenticated by the registrar's office. A partnership-based firm is a highly flexible entity and is easy to incorporate owing to minimal paperwork.

If a business intends to have more than two directors, it can choose to register as a private limited company in Coimbatore. It is a distinct legal entity that has limited liability for its shareholders and can have up to 50 share holders. It can enter into contracts, own property, sue or be sued in its own name and maintain a paid-up share capital.

For a company to be recognized as legitimate, it must have a registered office address that is legal and easily approachable. It must also have a specified bank account and have the required base cash requirement for its chosen business style. It should also have a valid DIN (Director Identification Number) for its shareholders and directors. Moreover, the company must appoint a company secretary and submit documents like proof of identity, proof of address, and utility bills.

Contact Our Filingpoint team Retail Company Registration expert +91 72999 72500

 

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