A Quick Guide to Section 8 company registration
Starting a business in India involves many important decisions, and one of the first things you'll need to determine is the type of legal structure that best suits your goals. The business registration process varies based on the chosen entity, with each type offering distinct advantages and disadvantages. Here’s a brief overview of some of the most popular business registration options in India. 1. Section 8 Company (Nonprofit Organizations) A Section 8 company registration is a special legal structure designed for nonprofit organizations focused on causes such as education, charity, or social welfare. These entities are established to benefit the public rather than to generate profits for their members or shareholders. Key Benefits: Tax Exemptions : Section 8 companies are eligible for tax exemptions, which help divert more resources toward their social objectives. Limited Liability : Similar to other company structures, the liability of the members is limited to ...