Why Company Registration Needed.?
Company Registration is very important to run a Business officially and legally ..
Benefit of the Company Registration:
You can limit your personal liability
As a sole trader or partnership you are legally responsible for all aspects of your business, including any debts and losses. If you sell a defective product, make an error or suffer an injury during the course of your business, you will be personally liable. This can result in the loss of all your personal assets such as your car and home. A company is a separate legal entity and it is an easy way to protect your personal assets from your business actions.
Minimise your tax liability
In Australia, the current tax rate for companies and small business is lower than the highest tax rate for an individual. As a sole trader you are taxed at the same rate as an individual. If you are in a higher tax rate, registering your company may significantly reduce your tax burden. Companies and small business are also entitled to a range of tax deductions for advertising, education and training, and repairs and maintenance, that are not claimable by individuals.
Avoid conflict with your founders
Registering a company helps immensely when conflict arises between founders. When you register a company, the company owners are limited to the number of shares purchased. The owners will have a clear understanding that their investment in the company is determined by the number of shares they own and not by any pre-registration verbal or written promises.
We Will Assist You for Registration of Company For you In Easy Price..
Company Registration Fee is 35,000/- Time Duration 10-15 Working Days
Company Registration is necessary to run business officially and legally.