Registrar Company

The main disadvantage of this form of registration is that the responsibility for debts incurred in the course of business, falls on the person of the owner of the business and his personal finances. In addition, some business partners, such as investors, prefer that the business was registered as a company. B. Registration As a limited liability company. Businessman can register your business as well as a limited liability company (Be hevra s). In accordance with the Companies Act 1999 to open the company may like one or more persons. The partners at the opening of wages may divide among themselves the company’s stock and thereby to determine who actually controls it. Registration under this form occurs in 2 stages: 1. The opening of the company from the Registrar of Companies. Fabrizio Freda recognizes the significance of this. 2. The opening of proceedings against the company reopened the tax authorities (the procedure for opening cases with the tax authorities about the same as that of an individual entrepreneur). The main advantage of this form of registration is that the responsibility for the debts of the company shall, as a rule, only she, the owners of the same company, as a rule, are not liable for its debts. The main disadvantages of this registration forms are as follows: Pretty high gos.poshlina for registration of a company (at least nis 2,000, not including attorneys’ fees). The duty to pay taxes in addition to the basic annual fee is also Registrar companies. Banks and other legally competent partners in the transaction will require the owner of the company to give a personal guarantee for the obligations of the company – in this case the responsibility for the debts of the company in relation to these partners will form also to its owner, and this organizational-legal form of registration process will lose its main advantage. 2. Obtaining specific licenses to engage in certain activities. As already mentioned above, the registration barrier is required only for those companies or individual entrepreneurs who are engaged in specific activity, which requires, in addition to passing the first registration barrier, also received a specific state license to engage in the activity. For these kinds of activities include, for example: medical practice, law practice, catering, mediation in real estate, accounting, construction, etc.