Benefits of company creation

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SANIA

SANIA (Querist)
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26 July 2014 what are the benefits of creating a company than a partnership firm or sole proprietor ship firm

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26 July 2014 Name creates image, broader look,

Excise benefits, many place contracts can b done by companies only

Govt benefits special to companies

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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.

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