Enterprise registration service refers to the business that provides registration, application for business license, and other related services for newly established companies.
Business registration: Provide company name approval, business license application, tax registration, and other services.
Bank account opening: Assist the new company in opening a company bank account, applying for basic and general accounts, etc.
Engraved seals for the record: engraved official seals, financial seals, contract seals, and other seals for the company, and complete the filing procedures.
Tax registration: Assist the company in reporting to the tax bureau, opening tax accounts, receiving invoices, etc.
Assist the company in applying for an account opening with the Social Security Bureau and Provident Fund Management Center, and pay Social Security and provident fund for employees.
Provide the company with annual industrial and commercial inspections, tax annual report,s and other services.
Provide other related services, such as financial representation, tax planning, legal advice, etc., as required by the client.
For corporations and LLCs, owners' personal assets are typically protected from business debts and liabilities. This means that in the event of a lawsuit or financial trouble, your personal assets (e.g., home, savings) are generally not at risk.
Registering a legal entity requires the establishment of separate bank accounts and financial records for the business. This separation helps maintain clear financial distinctions between personal and business finances, making accounting and tax reporting more straightforward.
A registered legal entity often conveys a sense of legitimacy and professionalism to customers, clients, and partners. It can enhance your reputation and make it easier to attract investors and secure financing.
Different legal entities offer different tax advantages. For example, an LLC can provide "pass-through" taxation, where profits and losses are reported on the owners' personal tax returns. Corporations may benefit from lower tax rates on business income. Consult with a tax professional to determine the best structure for your specific tax situation.