The Benefits of Private Limited for Annual Filing in Chennai
The Benefits of Private Limited for Annual Filing in Chennai If you want to start a new business in Chennai, one of the first steps is to incorporate it. The benefits of registering a private limited company are many. It allows you to operate in a highly regulated industry. Aside from being legally recognized as a company, you can attract more investors and creditors. You can also hire a team of talented employees to carry out your business operations. In order to incorporate a private limited company in Chennai, you must first submit your company's Memorandum of Association. This document defines your company's objectives and relationship with its shareholders. Other documents include a balance sheet and a profit and loss account. Your private limited company is required to file an annual return with the Registrar of Companies. Failure to do so can lead to a number of penalties, including the loss of your company's name in the MCA register...