What is the validity of a company after its registration?
Once a company is registered, it doesn't mark the end of its legal obligations. In fact, it's just the beginning of a journey that involves adherence to various regulatory requirements. Understanding the validity of a company after registration is crucial for entrepreneurs and business owners to ensure compliance and sustainability. In this blog, we'll delve into the nuances of post-registration validity, exploring key aspects that every company should consider. Legal Entity Status: Upon registration, a company obtains a legal entity status distinct from its owners. This means that the company can enter contracts, sue or be sued, and engage in other legal activities. However, this status comes with responsibilities such as maintaining accurate records, filing taxes, and complying with relevant laws and regulations. Annual Compliance Requirements: In many jurisdictions, companies are required to fulfill annual compliance requirements to maintain their validity. These may in...