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The Process Of Company Registration For Business

When you plan to start your own business, it's crucial to find the business registered.

The registration of the company signifies a real and authentic organization. To know about company registration in bali visit

This is due to the many features and facilities connected with it like separate individuality, limited accountability, more funds, less danger, some benefits of private limited company registration are:

It's a limited liability; hence the personal assets aren't impacted in the event of loss or any sort of danger.

With the registration, it seems authentic, which brings more clients.

It creates goodwill and reliability.

The registration also protects those assets.

It contributes to more funds, hence more capital creation.

It provides better stability.

It provides a chance to grow and expand further.

It's the advantage of continued presence unlike in OPC. It may only cease to exist on the status of non-compliance or failure to comply with rules and regulations.

The registration of the provider obtains another identity as an individual.

From the PLC the possession is represented concerning shares, thus the ownership can be transferred to another legal entity or an individual, who's a resident of the country.

Requirements for business registration:

There are specific criteria that the company must meet to be able to find the registration. The Company Act, 2003, say the following requirements:

The PLC should have a minimum of two directors and at the most, there maybe 15. Among all of the directors, they must be a nationalist.

The title should be unique and creative. It should not be like any existing business name or trademark.