Monday, March 9, 2020

A Guide to Registration Fees

The Private Limited Company can be a great way to start your business, but you may find yourself needing to pay private registration fees. They are very reasonable and should not be more than $35 per year. Here is a list of the fees that are normally required for each Private Limited Company:

The Basic Fee: This is the fee that will be charged at the time that you apply for registration. You may need to pay this as a one-time fee or as an annual fee. The Basic fee is the only fee that is charged for the whole length of your Private Limited Company's life.

Annual Fees: This is the fee that will be charged for all the periods that your Private Limited Company is in operation. The Annual fees will be based on the number of days that you operate for each of these periods. You may also find that you can pay this annually or semi-annually.

Technical Fees: This is a small fee that you will have to pay as part of the registration process. You will be asked to pay this fee if you are going to use a proxy agency. This fee is not normally required for a single signing as a new Private Limited Company, but may be required if you are a sole trader.

CA Services
Payroll Processing
Book Keeping
Trademark Registration
Copyright Registration
MSME Registration
Import Export Code
Annual Compliance Package
Statuatory Audit
Tax Audit

Directors Fee: The Director fees are normally charged to the actual directors of the Private Limited Company. You will be asked to pay this fee every year, during the registration process.
Cash Payment: This is the worst option for your Private Limited Company. When you pay this through cash, it will depend on how much the agency charges you. The Agency can give you up to five times what you were asked to pay before.

Local Government Fees: This fee is charged to the local governments and other groups that are involved in your Private Limited Company. For example, if your business has a training centre, the government might charge them to run the center. The Local Government will also want to know where the business is located as well as how many hours of training the centre provides.

Requesting Payments: There are four payment options when you are paying for your Private Limited Company. These include debit cards, credit cards, pre-approved payment plans and bank transfers.

Dividends: Dividends are one of the Private Limited Company registration fees that should not be underestimated. If you are going to pay dividend payments, you will need to ensure that you have the required amount of shares. If you do not pay the dividends, you may not be able to obtain the registration that you paid for.

Director's Fees: This is the only fee that is charged for every period of Private Limited Company registration. This is the fee that you will pay the agent to organize the registration of your Private Limited Company. You will have to pay this in advance.

Liquidation: This is the final fee that is required for all Private Limited Company registration. The liquidation fees are charged to cover the costs of each Private Limited Company that has been dissolved.

It is important to remember that these are the only Private Company registration fees that are required and are charged by many companies. Other fees may be charged for additional information, but they are not required.

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