When a person opens a shop, he or she is legally responsible for all aspects of your business, including debts and losses. Sometimes all personal properties, including your car and your home, could be lost.
You are a separate legal entity and have been easily protected from your business by registering you in your shop as a company.
You can be sure of good management, profit and loss as well as flexibility in the functioning of the shop if you decide for a partnership. You will be protected against the business liability of a partner’s personal property when you choose to register as a limited liability company on your store.
You are a separate legal entity and have been easily protected from your business by registering you in your shop as a company.
You can be sure of good management, profit and loss as well as flexibility in the functioning of the shop if you decide for a partnership. You will be protected against the business liability of a partner’s personal property when you choose to register as a limited liability company on your store.
You have preference over quick and inexpensive company registration, fast raising of funds for businesses, tax vacations, simple access to research and development facilities and application of startups while you are registering in your shop as a novice. For Government of India tenders.
The advantages that you get when you register your shop:
You can earn benefits if you are registered with the MSME shop:
You will enjoy simple loans, tax and bank rebates, marketing assistance, technology creation, and training facilities, etc when you register your shop under MSME or SSI.
You will benefit from the Store & Business Act if you declare your shop:
You will simply open a bank account by registering a store according to the legislation on the grounds of the
which will enable you to view a shop and establishment license; you will have less legal compliance with the law.