₹4999

Company formation in kochi

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Ad Details

  • Added: August 29, 2018

  • Sale Price: ₹4999

  • Location: Kerala

  • State: Malappuram

  • City: Vandoor

  • Phone: 9895212229

  • Views: 168

Description

Company formation is the process of registering a business as a limited company at Companies House. As a result, the business becomes a distinct legal entity. The process is also referred to as ‘company incorporation’ and ‘company registration’. When you incorporate a limited company, it becomes an individual ‘person’ in the eyes of the law. Incorporated businesses are completely separate from their owners in terms of finances, liabilities, contractual agreements, and ownership of property and assets.
The law does not view unincorporated businesses like sole traders as distinct legal entities. Therefore, there is no separation between a sole trader business and its owner in terms of finances, assets and liabilities. Generally, the main reason to register a limited company is to reduce the financial responsibility of the people who own the business. This protection is known as ‘limited liability’. Private companies can be limited by shares or limited by guarantee.
The owners of a company limited by shares are only liable for the value of their shares. The owners of a company limited by guarantee are only liable for the value of their guarantees. Their personal finances and assets are protected beyond the limit of their liabilities. if you are look at the procedure for forming a Company Formation in India,

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