Common Mistakes to Avoid During Pvt Ltd Company Registration

1) Not Choosing the Right Business Structure

Choosing the wrong business structure can cause problems down the line. Conduct research and speak with experts to determine if a Pvt Ltd company is the right structure for your business

Incomplete documentation can lead to delays and even rejection of your application. Ensure that you have all the necessary documents before submitting your application

2) Incomplete Documentation

Depending on your business, you may need specific licenses and permits. Failure to obtain them can result in fines, legal issues, and the possibility of having to close your business

3) Failing to Obtain Necessary Licenses and Permits

Registering a Pvt Ltd company involves a specific process. Failure to follow the correct process can lead to delays and issues with the registration process

4) Not Following the Correct Process

Conducting a name search is important to ensure that your desired name is available. Failure to do so can result in rejection of your application

5) Not Conducting a Name Search

Registering for taxes is a requirement for Pvt Ltd companies. Failing to register for taxes can result in legal issues and fines

6) Not Registering for Taxes

Setting up a separate bank account for your business is important for accounting and tax purposes. Failure to do so can lead to confusion and potential legal issues

7) Not Setting Up a Bank Account

A shareholders agreement outlines the rights and obligations of shareholders. Failure to have one can lead to disputes and potential legal issues

8) Not Having a Shareholders Agreement

Contact Kanakkupillai experts can help you avoid common mistakes and ensure that your Pvt Ltd company registration is successful.