Business registration can help to covert business ideas into potential profits and businesses. Many business persons develop new ideas every day about establishing a business and making money but it takes great efforts to convert these ideas into reality.
Business registration is the first step towards the formation of a company. This is the procedure under which a business can be established with permission and conducted or managed by a business person.
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Steps to complete the business registration
Before securing a business registration certificate, a business person pick to set up a private limited company, a public limited company, a partnership with limited liability or branch registration of a foreign corporation.
After defining the nature and the business structure of the company, a businessman needs to identify and decide the name of the company. Any name can be used unless it is regarded as unsuitable by the registrar.
A name that already exists cannot be chosen for registration of another company. There are many rules and regulation which forms the company on the legal basis.
It may be noted that the business registration application is complete only when it is supported by all necessary documents and the required registration fee.