How To Register A Company ?
How To Register A Company ? => In present times, we can see a passion for startups. More and more employees are resigning from their dull nine to five jobs and are starting their own businesses or startups. This fashion has been there for a while.
But, you might have noticed that most of the startup's founders are usually from different professions or are coders or designers. Thus, one important thing that business founders are not always the best at is the legalities of starting or registering a business.
Are you all familiar with the process of how to register your business name? How to register a company online? How to register proprietorship firm? How to apply for msme registration? Or how to register a startup?
Well, the one reason why you are all reading this blog is that you want the answer to all these questions.
And I cannot emphasize enough how critical it is to be on the right side of the law. The very last thing that you will want is to get penalized for a legal mistake that you were not even aware of.
The very first thing you should do when you start your journey is to register your company or business name.
So, the motive of this blog is to give answers to all the above-mentioned questions and more to prevent you from making registration mistakes.
Keep reading to get information on how to register a company name.
How To Register Your Company Name?
Coming up with an instinctive business name for your startup is as difficult as building a business.
Your company name should be strong and relevant so that people can look back on it.
So, once you decide on your company name. Let’s see how to register a brand name? This is a 6-step process. Let’s dig deep into it.
How to Register a Startup — 6 Steps:
Step 1: Deciding The Business Structure:
This will be the prime and foundational step for registering your company around the world. Here, by deciding the business structure, I mean deciding the path your company will take and how, in the future, it will handle operations.
FYI, the business structure can be of various types, such as a one-person company, private limited company, or public limited company.
Step 2: Applying for a DSC (Digital Signature Certificate)
You might be wondering, what is DSC?
So, Digital Signature is a way to verify the genuineness of a document. Generally, a digital signature is a copy of a physical signature, but it can also be a stamped seal that will validate the document and offer inherent security against mockery.
Thus, a DSC, or digital signature certificate, is the digital form of a physical certificate.
Step 3: File for the Name Approval
It’s obvious that your business will have a name. And it is essential that the name approval procedure of the business goes smoothly without any objections or hurdles. Coming back to our question, How to register a business name?
The answer is that you have to file for name approval. And this step is vital for all kinds of companies.
Step 4: Obtain DIN
DIN is abbreviated as Director Identification Number. It is a unique identification number that is given to your company by the central government in order to permit you to be the director of a new or existing company.
For this, you have to fill out the DIN form, which you can access online from the government website.
Step 5: Register for Incorporation
One final step is the company incorporation procedure. It is the form for incorporation, and the MCA (Ministry of Corporate Affairs) has generated forms for the incorporation of startups.
The form filling has the following procedures:
● Obtaining DIN
● Name Reservation
● PAN Application
● TAN Number
Step 6: File for AoA and MoA
MoA is abbreviated as Memorandum of Association and AoA is Articles of Association. These two forms together account for the entire company. It is because they define the legal power controlled by a company and the relationships between the company and its shareholders.
Now that you know the entire procedure, get your business registered easily in the quickest time possible.