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The most important decision that has to be made before going into the registration process is to choose the right type of organisation. So our executive will first sit and understand your requirement and help you choose the best option you should go for.
Post understanding the requirement. Our executive will collect and verify the required documents to register the respective type of organisation, and then create various forms that may be needed to register the organisation.
After completing the formalities like signatures, he then files those documents along with the forms to the government authority and follows up with them to get your organisation registered to make it a legal entity.
Partnership Firms in India are governed by the Indian Partnership Act 1932. As per Section 4 of the Indian Partnership Act, wherein a minimum of 2 and a maximum of 20 partners can form a partnership firm in India. A partnership firm is not a separate legal entity distinct from its members unlike private limited company etc. It is a collective name given to the members or individuals of the partnership firm comprising it.
Partnership firm, for the purpose of levy of tax, is a separate legal entity and is taxed different from its partners. But for all other sakes, legally, partnership firm is not treated as a separate legal entity and is considered as one. Tax on partnership firm is around 30%.
A partnership firm is made by 2 or more persons entering in a contract. Thus, it doesn’t comprise from inheritance, status or operation of law. Basically, if on the death of a father, the son can claim share from partnership firm but to become partner he needs to enter in a contract with that partnership firm.
Partnership deed in partnership firm carries all the legal details of the partnership firm. All the legal terms and conditions are expressly mentioned about the partners or between the partners on partnership deed, like what profit percentage partnership firm shares, what rate of interest needs to be carried on the capital etc.
Private Limited Company is the most popular and structured type of corporate legal entity in India. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act 2013 and the Companies Incorporation Rules 2014.
A minimum of two shareholders and two directors are required to register a private limited company in India. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder.
Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.
We are the market leader for services relating to company registration in India. Get a free consultation for private limited company registration and business startup by scheduling an appointment with one of our expert
Limited Liability Partnership is governed under the Limited Liability Partnership Act 2008. However, it was launched in April 2009 in India. It carries the benefits of conventional partnership but still limits the personal liability of its partners. In a very short time it has become the perfect choice especially for the service sector units like Chartered Accountants, Recruiting firms, consulting businesses etc.
We are the market leader for services relating to LLP registration in India. Get a free consultation for limited liability partnership registration and business startup by scheduling an appointment with one of our expert
Both are similar if we talk in respect to compliance and operational requirements. Having a separate legal entity from its partners, it can also be contracted or involved in any legal proceedings in its own name. However, compliance requirement here is greater than regular partnership firms. Moreover, if we compare to a private limited company structure, LLP’s are easier to incorporate and maintain.
As a drawback, transferring ownership in case of Limited Liability Partnership is not as easy as in a company. And that’s why LLP’s are not the most ideal choice for startups that want to hyper-grow, seek seed investor or venture capital funding, or issue share capital to its employees.
Unlike Private Limited Company, only one shareholder or one director is required to register a One Person Company in India.
Features of a Private Limited Company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence are also available to one person company which make it the most recommended type of business entity for a majority of small and medium sized businesses that are family owned or professionally managed.
We are the market leader for services relating to company registration in India. Get a free consultation for one person company registration and business startup by scheduling an appointment with one of our expert.
Society is formed with a group of persons who want to get mutually associated for the fulfilment of any common goal like any literacy, charitable cause, social work or scientific work.
Society is incorporated with minimum of seven members. A society is formed under Societies Registration Act 1860 by formalising and signing a Memorandum of Association (MOA). The Memorandum of Association contains the name and objective of society to govern by the members of the society as a governing body. Societies are governed by state governments.
Trust is a legal entity formed by one person entrusted to second person for the benefit of third person. Trust, in India, are governed by the Indian Trusts Act 1882 except in the state of Jammu and Kashmir. All the detailing of the trust is called the Trust deed like a partnership deed and subject matter of a trust is called Trust Property.
In Trust, the trustor entrusts the assets or property to the trustee on beneficiary’s (third person’s) behalf. Herein, trustor is the person who forms the trust, trustee is the person to whom the trust is entrusted too.
In India, majorly, they are public charitable trusts as a non-profit entity for social works like education, healthcare etc.
The best thing with our firm is you don’t have to do anything. You just have to answer few of our queries and submit the required documents. And all other things are being done by our experts.
As per Companies Act 2013 :
a) Minimum 2 Directors/Partners and 2 Shareholders (In case of regular private Ltd company only).
b) Director(s) must be a person and one of them must be an Indian Resident.
c) Shareholder could be a person or corporate entity.
d) A Registered office address in India.
a) ID proof, Address Proof and Pan card of Directors/Partners.
b) A registered address in India (If you don’t have one then we will help you acquire one).
c) Digital Signature Certificate (DSC) , if required.
d) Incorporation Certificate or Registered deed, if the shareholder is a legal entity.
e) Passport is mandatory in case of Foreign Directors and Shareholders/Partners.
Unlike any other form of legal entity the shareholders or promoters of the company enjoy Limited Liability. The legal protection available to the shareholders of privately and publicly owned corporations under which the financial liability of each shareholder for the company debts and obligations is limited to the par value of his or her fully paid-up shares. The company itself, as a legal entity, is liable for the rest which is also called limited personal liability.
Broadly there are two categories of Equity in the company, one is authorised Capital and the other is paid up capital. Authorisation means permission to carry the equity in the company. Every company who wants to raise capital in the company has to first file an application to ROC (Registrar of the Company) to carry the amount of equity they want to have and that amount is known as authorised capital. And the amount which is actually raised by the company is known as paid up capital.
Well that depends on you. Provided you handover the documents before time, it normally takes 10 to 15 days.
The best thing with our firm is you don’t have to do anything. You just have to answer few of our queries and submit the required documents. And all other things are being done by our experts.
As per Companies Act 2013 :
a) Minimum 2 Directors/Partners and 2 Shareholders (In case of regular private Ltd company only).
b) Director(s) must be a person and one of them must be an Indian Resident.
c) Shareholder could be a person or corporate entity.
d) A Registered office address in India.
a) ID proof, Address Proof and Pan card of Directors/Partners.
b) A registered address in India (If you don’t have one then we will help you acquire one).
c) Digital Signature Certificate (DSC) , if required.
d) Incorporation Certificate or Registered deed, if the shareholder is a legal entity.
e) Passport is mandatory in case of Foreign Directors and Shareholders/Partners.
Unlike any other form of legal entity the shareholders or promoters of the company enjoy Limited Liability. The legal protection available to the shareholders of privately and publicly owned corporations under which the financial liability of each shareholder for the company debts and obligations is limited to the par value of his or her fully paid-up shares. The company itself, as a legal entity, is liable for the rest which is also called limited personal liability.
Broadly there are two categories of Equity in the company, one is authorised Capital and the other is paid up capital. Authorisation means permission to carry the equity in the company. Every company who wants to raise capital in the company has to first file an application to ROC (Registrar of the Company) to carry the amount of equity they want to have and that amount is known as authorised capital. And the amount which is actually raised by the company is known as paid up capital.
Well that depends on you. Provided you handover the documents before time, it normally takes 10 to 15 days.
Something isn’t Clear?
Feel free to contact us. We’ll be more than happy to answer all your queries.
Something isn’t Clear?
Feel free to contact us. We’ll be more than happy to answer all your queries.