Company Registration Lawyer in Islamabad, Pakistan

Mon - Sat 9.00 - 18.00
Sunday CLOSED

G9 Markaz, Islamabad
Pakistan

Benefits & Advantages of Company Registration

BENEFITS & ADVANTAGES OF COMPANY REGISTRATION

No Personal Liability

The fundamental purpose for opting for a limited liability company is the safety from particular individual liability. As, by the law, a company is considered as a distinct legal entity or a “legal person”, which may sue and may be sued by its own individual identity.

The conception of limited liability becomes significantly vital when the company becomes unable to repay its obligations and debt and thus a liquidator is appointed by the Court of Law. In comparison, a sole proprietorship firm/ or a partnership firm or a person doing business in partnership, will always be responsible for business debts and the Court may attach his individual properties.

No Personal Liability

The fundamental purpose for opting for a limited liability company is the safety from particular individual liability. As, by the law, a company is considered as a distinct legal entity or a “legal person”, which may sue and may be sued by its own individual identity.

The conception of limited liability becomes significantly vital when the company becomes unable to repay its obligations and debt and thus a liquidator is appointed by the Court of Law. In comparison, a sole proprietorship firm/ or a partnership firm or a person doing business in partnership, will always be responsible for business debts and the Court may attach his individual properties.

Durability of Existence

A limited liability company will continue to exist until its wound up as per laws and removed from the company’s register with the SECP. It can frequently survive even numerous changes in shareholding or management.

In comparison, a sole proprietorship or a partnership firm ceases its existence if the proprietor dies or stops doing business. Also, in the case of a partnership concern/AOP, the retirement or death of a partner generally brings that firm to an end and it ceases its existence.

Market Credibility

As a globally honored and prominent business structure, the limited liability company set-up enjoys much more credibility and a greater professional image and appearance in the business than the sole proprietorship or the partnership firm/AOP. This is the reason that numerous businesses start as sole proprietorship firms/ partnership firms/AOP, but afterward, upgrade as the company after becoming established.

Transferability of Shares

Subscribers/Shareholders of a company may dispose of their shares by way of sale of gift, just as any other property at any time. This makes a company much easier to sell or transfer to others than other business structures.

On the other hand, a partnership share cannot be assigned or transferred but you have to dissolve the partnership firm.

FAQ

WHAT IS REQUIRED FOR COMPANY REGISTRATION?

Three Proposed Names of your new company Copies of CNICs of all Directors (Copies of Passport, in case of Foreigner Directors) Numbers or Percentage of shares of all Directors Office address of proposed company (It may be your home address)

HOW LONG WOULD IT TAKE FOR A NEW COMPANY REGISTRATION?

ONLY 3-4 WORKING DAYS

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