No question that running your business is energizing. But with that energy comes the reality that mischances happen and (shockingly) businesses now and then fall flat. This is often where one of the leading benefits of incorporation of company with SECP (Securities and Exchange Commission of Pakistan) comes into play.
Why It’s Important to Get Registered with SECP?
Here are few of the most important aspects about why incorporation of the company with SECP is so important.
1. Secure your assets from loss
By registering your business as a Company, you’re securing your assets from business obligations. If your business falls on difficult times, your individual property is regularly off limits to liability against business creditors or liability of any other business dues.
But if you haven’t incorporated your business as a company or LLC then your assets will be liable to set off any business debt and other liabilities of the business. Hence your assets may be sold out by authorities to reimburse your business obligation.
2. Secure your family assets from claims
Keeping you and your family secure and secure against any outstanding business liability by incorporating your business in the Securities and Exchange Commission of Pakistan (SECP).
3. Tax benefits
By incorporating your business with SECP, you may get many tax advantages and rebates from the Federal Board of Revenue.
4. Easy to Raise Capital
After incorporation of the company, in case of need, you may easily get credit/loan from the commercial on behalf of the company.
For further detail please contact us.