Top Four Advantages of business incorporation

March 12th, 2014

If you want to set up an IT company in India, then it is important to create a corporation to give the business entity a distinct feature. This distinct feature has a lot to offer to the owner and even the business.

In this blog, we are going to take a look at such benefits of incorporation and how they impact your business.

 1- Separate legal entity

Incorporation makes a business independent from its owners and is considered as a legal entity that can conduct business, enter the bidding contracts, sue or be sued, borrow money, pay taxes, and own properties.

 2- Unlimited life

The shareholders, stockholders, or members are the corporation’s owners, and everything is managed by the board of directors. The death of any of these members doesn’t affect the incorporated business. Only the company’s charter will enable the extension or liquidation of the business.

 3- Limited liability

With incorporation, only owners are liable for the invested amount. This means lenders and creditors will have no claim on the personal assets of the owners for the payments owed by the shareholders.

 4- Easy transfer of ownership shares

With incorporation, the stocks or shares can easily be traded in the market, no matter what the volume of the stock or shares is.

 Over to you

These are just a few of the many benefits your business will gain after incorporation. So wait no more and NSquareIT Offshore for a reliable IT company registration process in India.