You must be very cautious while choosing your business structure, as your “Income Tax Returns”, are dependent on it.
And when you are registering your company, do understand that every kind of business structure, must adhere to different levels of compliances.
For example:- In the case of a “Sole Proprietor”, the sole member has to file only the “Income Tax Return”.
But this fact changes with the change in the type of business structure. A company must file annual returns along with income tax returns, with the ROC (Registrar of companies).
Also, the directors of a company must ensure, that their company’s financial books are audited every year.
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Adhering to all these legal compliances brings the requirement of spending money on auditors, tax filing experts.
So it is very essential to choose the right business structure when you are thinking of company registration online process.
The aspiring entrepreneur must gain all the information, perform a company registration online check about all the kind of legal compliances, he is going to deal with.
Some kinds of business structures are very investor-friendly whereas others are not. And investors will always find a legal and recognized business structure more lucrative.
More importantly company registration online fees is a also an intrinsic factor, which must be kept in mind during the company registration process.