Before you kickstart your business journey, make sure you complete one of the crucial tasks, which is online registration of the firm. With this step, it's much easier and faster to let entrepreneurs like you get started.
Whether you're a part of a larger team or a solo entrepreneur, registering your firm online is more like a streamlined process. Keep reading as we've come up with a guide for the online registration of your firm.
Reasons to Register Your Firm
1) Protection of Business Name
When you register your firm, the name of your business gets protected, and no other business can use it.
2) Tax Benefits
As a registered business, you get eligible for a range of tax benefits and easily claim deductions.
3) Legal Identity
After registration, you can expect a legal existence, which can let you open bank accounts, engage in business, and enter into contracts.
4) Credibility
Investors, partners, and clients consider your registered firms as more trustworthy and credible.
Steps for Online Registration of Your Firm
Step 1: Select the Type of Business Entity
Firstly, you've got to decide what kind of business structure you want to get registered. There are common types of business entities, such as partnership firms, private limited companies, sole proprietorships, and many more.
Step 2: Choose a Name for Firm Registration
Now, look for a suitable and unique name for your firm registration. With the name, you can make a lasting impact and represent your brand. Well, we would suggest you consider availability, uniqueness, and relevance before selecting a business name.
Step 3: Register on the Government Portal
Begin the online registration of firms by visiting to our udyog aadhar registration portal. As a first-time user, you need to create your account. After logging in, you're required to fill in basic details like type of business entity, business address, and proposed business name. Also, upload your required documents, like a PAN card, passport-sized photographs, proof of address, and identity.
Step 4: Draft the necessary documents
During the online registration of businesses, you might require additional documentation in the case of certain business types. For example, if you're registering an LLP or private limited company, you need Articles of Association (AoA) and Memorandum of Association (MoA).
Similarly, for a partnership firm, you have to prepare and upload a partnership deed. Such kinds of documents should outline the business's responsibilities, rules, and objectives for your shareholders or partners.
Step 5: Pay the registration fee
When it comes to the fees, they might vary as per the country you're operating in and type of business entity you're registering. Generally, the payments can be made online with the aid of net banking or debit/credit cards.
Step 6: Verification of Documents
It's time for the verification, which should be done by the concerned government authorities. The verification process only takes a few days, and you can be notified via SMS or email related to your application status.
Step 7: Obtain the Certificate of Registration
When you're done with verification and approval, you will finally receive a Certificate of Registration or Incorporation. The certificate acts like proof that your legally registered firm can operate as a formal business entity.
Conclusion
It can be said that online registration of businesses is a straightforward process only if you go through the right steps. So, adhere to our guide and ensure your business journey starts with a solid legal foundation.
