Benefits of company creation
This query is : Resolved
26 July 2014
what are the benefits of creating a company than a partnership firm or sole proprietor ship firm
Guest
Guest
(Expert)
26 July 2014
Name creates image, broader look,
Excise benefits, many place contracts can b done by companies only
Govt benefits special to companies
Excise benefits, many place contracts can b done by companies only
Govt benefits special to companies
27 July 2014
Benefits of registering a company:
1) Corporate Image
2) Limited Liability of Share Holder
3) Limited Liability of Director
4) financial Institution gives more priority to Company Formation in India
5) A company happens to be a legal entity, independent and distinct from the individuals who from time to time serve as its members.
6) Incorporation of company provides better borrowing facilities as the company can raise large amount, on comparatively easier terms, by issue of debentures, especially those secured by a floating charge or by accepting deposits from the public. Even banking and financial institutions prefer to render financial assistance to incorporated companies.
1) Corporate Image
2) Limited Liability of Share Holder
3) Limited Liability of Director
4) financial Institution gives more priority to Company Formation in India
5) A company happens to be a legal entity, independent and distinct from the individuals who from time to time serve as its members.
6) Incorporation of company provides better borrowing facilities as the company can raise large amount, on comparatively easier terms, by issue of debentures, especially those secured by a floating charge or by accepting deposits from the public. Even banking and financial institutions prefer to render financial assistance to incorporated companies.
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