{"id":954,"date":"2018-06-23T06:33:19","date_gmt":"2018-06-23T06:33:19","guid":{"rendered":"https:\/\/companyregistrationonline.in\/?p=954"},"modified":"2020-10-07T06:51:26","modified_gmt":"2020-10-07T06:51:26","slug":"misconceptions-about-the-company-registration","status":"publish","type":"post","link":"https:\/\/companyregistrationonline.in\/blog\/misconceptions-about-the-company-registration\/","title":{"rendered":"Misconceptions about the Company Registration"},"content":{"rendered":"<p>[fusion_builder_container hundred_percent=&#8221;no&#8221; equal_height_columns=&#8221;no&#8221; menu_anchor=&#8221;&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; class=&#8221;&#8221; id=&#8221;&#8221; background_color=&#8221;&#8221; background_image=&#8221;&#8221; background_position=&#8221;center center&#8221; background_repeat=&#8221;no-repeat&#8221; fade=&#8221;no&#8221; background_parallax=&#8221;none&#8221; parallax_speed=&#8221;0.3&#8243; video_mp4=&#8221;&#8221; video_webm=&#8221;&#8221; video_ogv=&#8221;&#8221; video_url=&#8221;&#8221; video_aspect_ratio=&#8221;16:9&#8243; video_loop=&#8221;yes&#8221; video_mute=&#8221;yes&#8221; overlay_color=&#8221;&#8221; video_preview_image=&#8221;&#8221; border_size=&#8221;&#8221; border_color=&#8221;&#8221; border_style=&#8221;solid&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; padding_left=&#8221;&#8221; padding_right=&#8221;&#8221;][fusion_builder_row][fusion_builder_column type=&#8221;1_1&#8243; layout=&#8221;1_1&#8243; background_position=&#8221;left top&#8221; background_color=&#8221;&#8221; border_size=&#8221;&#8221; border_color=&#8221;&#8221; border_style=&#8221;solid&#8221; border_position=&#8221;all&#8221; spacing=&#8221;yes&#8221; background_image=&#8221;&#8221; background_repeat=&#8221;no-repeat&#8221; padding_top=&#8221;&#8221; padding_right=&#8221;&#8221; padding_bottom=&#8221;&#8221; padding_left=&#8221;&#8221; margin_top=&#8221;0px&#8221; margin_bottom=&#8221;0px&#8221; class=&#8221;&#8221; id=&#8221;&#8221; animation_type=&#8221;&#8221; animation_speed=&#8221;0.3&#8243; animation_direction=&#8221;left&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; center_content=&#8221;no&#8221; last=&#8221;no&#8221; min_height=&#8221;&#8221; hover_type=&#8221;none&#8221; link=&#8221;&#8221;][fusion_text]<\/p>\n<h2><strong>Introduction<\/strong><\/h2>\n<p style=\"text-align: justify;\">India is one of the fastest-growing countries in the term of economy. New <strong><a href=\"https:\/\/companyregistrationonline.in\/blog\/startup-business\/\">start-ups<\/a><\/strong> are the thing to look upon, but there is a tendency for avoiding the registration of the business. Despite having, internet world, there are lots of misconceptions about company registration.<\/p>\n<p style=\"text-align: justify;\"><strong><a href=\"https:\/\/www.legalraasta.com\/private-limited-company-registration\/\">Company registration<\/a><\/strong> is the first step for the establishment of any business. It also gives multi-benefits as compared to the unregistered company. There are many myths and misconceptions about the <a href=\"https:\/\/companyregistrationonline.in\"><strong>company registration<\/strong><\/a> and about the maintenance of a corporate entity that is why many Entrepreneurs start their business as a Proprietorship or Partnership.<\/p>\n<h2><strong>Given below are some misconceptions about the company\u00a0registration<\/strong><\/h2>\n<ul>\n<li>\n<h3><strong>Incorporation is expensive<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Previously, for <strong><a href=\"https:\/\/companyregistrationonline.in\">company registration<\/a><\/strong>, one has to pay the whopping amount of Rs 50,000 approximately. Due to an online process that makes the procedure transparent and clear. Now, registration of a company can be easily done at the cost of Rs 20,000\/-including all expenses through Legal Raasta.<\/p>\n<ul>\n<li>\n<h3><strong>Shareholders meeting<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">In the registered company, it is mandatory to have <strong><a href=\"https:\/\/companyregistrationonline.in\/blog\/notice-annual-general-meeting\/\">Anual General Meeting<\/a><\/strong> every year and the board of directors meeting, if any special resolution has to be passed. However, conducting all these meetings are neither time to consume nor need a special effort by any means. Postponing the <strong><a href=\"https:\/\/www.legalraasta.com\/private-limited-company-registration\/\">company\u00a0registration<\/a><\/strong> for this reason if wage.<\/p>\n<ul>\n<li>\n<h3><strong>Low taxes liability on Partnership\/LLP<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Every registered partnership firm, <strong><a href=\"https:\/\/companyregistrationonline.in\/blog\/llp-meaning-llp-act-llp-india\/\">Limited Liability Partnership<\/a><\/strong>,\u00a0<strong><a href=\"https:\/\/companyregistrationonline.in\/blog\/one-person-company\/\">One Person Company<\/a><\/strong>, <strong><a href=\"https:\/\/companyregistrationonline.in\/blog\/private-limited-company\/\">Private Limited Company<\/a>,<\/strong> and Limited Company has to pay tax. It is not appropriate to say, the tax liability on the company is higher than the other. All of them has the same income tax rate liability of 30%, whereas proprietorships are taxed similarly to individuals in India<\/p>\n<ul>\n<li>\n<h3><strong>Compulsory audit<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">If certain criteria are met, then even proprietorship and partnership firms have to audit the books of accounts. Whereas, in Private Limited Company it is mandatorily required to <strong><a href=\"https:\/\/companyregistrationonline.in\/blog\/audit-and-auditors\/\">audit the books<\/a><\/strong> of accounts during each financial year.<\/p>\n<ul>\n<li>\n<h3><strong>A requirement\u00a0of Commercial Office Space<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">The address of own residence or rented home can also work as the registered office address of the company. It can be easily changed, after the <strong><a href=\"https:\/\/companyregistrationonline.in\/private-limited-company-registration\/\">company\u00a0incorporation<\/a><\/strong>.<\/p>\n<ul>\n<li>\n<h3><strong>Home-based businesses don\u2019t need to register<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Once the business, is established irrespective of the place where it has been started, it is always the best idea to\u00a0go for <a href=\"https:\/\/companyregistrationonline.in\/\"><strong>company registration<\/strong><\/a>. It gives the status of the company in the market and develops a trust factor in customers towards the company. Moreover, it lessens your personal liability for any mishappening in the company.<\/p>\n<blockquote>\n<p class=\"entry-title fusion-post-title\" data-fontsize=\"30\" data-lineheight=\"37\"><a href=\"https:\/\/www.legalraasta.com\/blog\/opt-private-limited-company-llp\/\">Why opt Private Limited Company over LLP<\/a><\/p>\n<\/blockquote>\n<p>[\/fusion_text][\/fusion_builder_column][\/fusion_builder_row][\/fusion_builder_container]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[fusion_builder_container hundred_percent=&#8221;no&#8221; equal_height_columns=&#8221;no&#8221; menu_anchor=&#8221;&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; class=&#8221;&#8221; id=&#8221;&#8221; background_color=&#8221;&#8221; background_image=&#8221;&#8221; background_position=&#8221;center center&#8221; background_repeat=&#8221;no-repeat&#8221; fade=&#8221;no&#8221; background_parallax=&#8221;none&#8221; parallax_speed=&#8221;0.3&#8243; video_mp4=&#8221;&#8221; video_webm=&#8221;&#8221; video_ogv=&#8221;&#8221; video_url=&#8221;&#8221; video_aspect_ratio=&#8221;16:9&#8243; video_loop=&#8221;yes&#8221; video_mute=&#8221;yes&#8221; overlay_color=&#8221;&#8221; video_preview_image=&#8221;&#8221; border_size=&#8221;&#8221;  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[558],"tags":[20,19],"class_list":["post-954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-registration","tag-misconception-about-company-registration","tag-myths-about-company-registration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Myths and misconceptions about the company registration<\/title>\n<meta name=\"description\" content=\"Company registration is the first step for the establishment of any successful business. Despite having unmatched benefits, there are many misconceptions about the company registration.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/companyregistrationonline.in\/blog\/misconceptions-about-the-company-registration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Myths and misconceptions about the company registration\" \/>\n<meta property=\"og:description\" content=\"Company registration is the first step for the establishment of any successful business. Despite having unmatched benefits, there are many misconceptions about the company registration.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/companyregistrationonline.in\/blog\/misconceptions-about-the-company-registration\/\" \/>\n<meta property=\"og:site_name\" content=\"Company Registration Online\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-23T06:33:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-07T06:51:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2018\/06\/Myths-and-misconceptions-about-the-company-registration-e1531728650239.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"209\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pulkit Jain\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Pulkit Jain\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/misconceptions-about-the-company-registration\/\",\"url\":\"https:\/\/companyregistrationonline.in\/blog\/misconceptions-about-the-company-registration\/\",\"name\":\"Myths and misconceptions about the company registration\",\"isPartOf\":{\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/misconceptions-about-the-company-registration\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/misconceptions-about-the-company-registration\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/companyregistrationonline.in\/blog\/wp-content\/uploads\/2018\/06\/Myths-and-misconceptions-about-the-company-registration-e1531728650239.jpg\",\"datePublished\":\"2018-06-23T06:33:19+00:00\",\"dateModified\":\"2020-10-07T06:51:26+00:00\",\"author\":{\"@id\":\"https:\/\/companyregistrationonline.in\/blog\/#\/schema\/person\/b4a23b9b49703a09c5129b4e424e1755\"},\"description\":\"Company registration is the first step for the establishment of any successful business. 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