Company Incorporation in Chennai | Registration in 12 days | Solubilis

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Company Incorporation

• Chennai

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What is Company Incorporation

• Company Incorporation is a legal process to form
  the corporate entity.
• The people with good knowledge and business ideas
  can come together and start a company.
• Certainly people need to know about marketing the
  business because in this competitive world,
  business tactic are important since it is running
  a company.
• Such company must be registered for having the
  goodwill for the company itself in the society.

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The companies act was introduced in the year
1956. Based on proposed revisions of the
companies act 1956, present committee was formed
on 2nd December 2004. The present Companies act
2013 speaks about the law covering incorporation,
dissolution and the running of the companies.
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C Corporation vs S Corporation

• C Corp

• S Corp

• It is similar to Private Limited Company
• Should Pay tax along with income
• There is no limit for number of the owners.

• It is similar to Limited Liability Company
• No need to pay tax, but they have to report the
  company revenue as income
• There is a limit for the number of owners.

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Types of Corporate Structure

• Functional
• Divisional
• Matrix
• Hybrid

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Functional - The same department employees are
grouped when they have equal skill, so that the
employees can communicate effectively
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Divisional - There are many work teams, which can
provide efficiency
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Matrix structure provides the combination of both
functional and divisional. In this form of
structure, there is freedom for decision making
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Hybrid structure is greatly adopted by many
organisations
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Incorporation Process

• First step is to make sure that the name is
  available or not.
• Secondly the article of association and
  memorandum of association should be prepared.
• Documents like e- Form No.32, e-Form No 18 and
  e-Form No 1 have to be submitted.
• All such documents will be signed, stamped and
  provided with legal terms by the attorney. On
  payment of the fees, Registration of Certificate
  (ROC) is given.

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Significance of Incorporation

• The shares can be transferred, succession is
  perpetual and it is treated as separate legal
  entity.
• There is greater flexibility and it has greater
  independence to form the policies
• It is easy to raise the capital and the loans can
  be got so easily.
• To sustain in the competitive market field, the
  incorporation of the company is important.

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