Company Registration Onlin

Kanakkupillai is India Best Business Setup Provider with Services Company Registration Online, GST Registration, Trademark License, Income Tax Return Filing, FSSAI India

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1. Company Registration Online www.kanakkupillai.com
2. New Business Registration • Most of the new business founders are either failed in business as an employee or once that they had done some jobs which are against their wish or in demand. In current days, 5 in 10 youngsters like better to a start-up instead of getting employed and repeating an equivalent 9 to five jobs every day . But this decision has both pros and cons. If the company is registered as per the government norms, followed mission statements, and set goals at regular intervals according to the profit & loss of the company, then the new business decision will end in a fruitful experience. • However, when you put on your shoes as an entrepreneur, the very first thing you should do is register your company. As a thumb rule, you should never use your private bank account to process any business transaction. Because you never know when this might revert you negatively within the future. • In addition to this, if you are willing to raise funding then the investors would never show interest in a start-up to invest; In an unregistered company. In case of getting any incorrect company structure, the funding investors would ask you to urge the registration process sorted. Hence, in this article, to prevent you from doing registration blunders and to set apt goals to reach your goals we have written this.
3. Types of business registration structures in India There are 5 major sorts of companies which you'll register in India: ➢ Sole proprietorship ➢ One-person company ➢ Partnership company ➢ Limited liability company ➢ Private limited company
4. 1. Sole proprietorship Sole proprietorship Registration is that the easiest sort of the corporate registration system in India. A person manages sole ownership, hence it's referred to as a sole proprietor. If you're in got to have complete control of your business, this possibility is the simplest fit. Benefits of the sole proprietorship • Not required of government registration • No compliance must be fulfilled • No paperwork related to government regulatory • Your profit is not shared with anyone • Not necessary to have double taxation • Income tax has got to be paid only consistent with the income you earn. Registration documents required ✓ Aadhaar card ✓ PAN card ✓ Bank account ✓ Office address proof
5. 2. One-person company A known and new business structure is named One Person Company (OPC) and was introduced by the Indian government in 2013. Till then in 2013, an individual couldn't incorporate a corporation totally and you would like to possess a minimum of two directors to finish the method . But why do you have to got to incorporate a corporation if you're one person just going for a sole proprietorship? An incorporated company aids entrepreneurs to regulate their liabilities and undergo certain tax benefits. But with the one-person company, any individual could incorporate a company and be the director while keeping 100 % shares of the company. How to register a one-person company? • Receive Digital Signature Certificate (DSC) • Receive Director Identification Number (DIN) • Name approval application Documents needed: ✓ Memorandum of Association ✓ Articles of Association ✓ Proof of registered office ✓ Declaration of facts and consent of the director ✓ Declaration documents
6. 3. Partnership firm If you've got convinced yourself to require on partners in your business, the fastest and easiest method to travel ahead is to make a Partnership Firm Registration Online. Everything you need here is a partnership deed which is just an agreement between the partners you want to add to your business. This agreement will have all the obligations and duties between the partners and in what way, shares, the profit will get shared within the future. Details to be mentioned in the partnership deed • Address and name of each partner. • Address and name of the partnership firm. • The commencement date of the firm. • The Capital amount each partner has invested. • The Profit-sharing ratio among partners. • Commissions or salaries to be paid out to partners. • The rights each partner possesses. • Obligations and duties of each partner • The other clauses are mutually agreed upon between the partners.
7. Benefits of partnership companies •Convenient to start the business. •The loss is shared between the partners •Not required to send annual returns to the MCA •Statuary Audit is not necessary •Easy to terminate partners and shut off the business. •Flexibility
8. 4. Limited liability Partnership Limited Liability Partnership takes on the advantage of many other business structures corporations, partnerships, and sole proprietorships. The indebtedness Company is taken into account to be the flexible business structure, and LLP segregates personal and business liabilities. Each owner will have their shared tax liabilities. Key advantages of LLP • The paperwork in LLP is comparatively lesser than other registration methods. This enables LLP to be more flexible and easier to make . • LLPs protect their members from the liabilities like personal debts and legal hearings. • LLP provides tax flexibility where the expenditures, income, and profits merged with the owner’s tax returns. • In the LLP method, one doesn't need to necessarily follow any set of business structures to run a corporation . • Profit-sharing is very flexible in LLPs. How to set up an LLP? • Apply for Designated Partner number (DPIN) by sending the web form. • Get your Digital Signature Certificate and process it on the MCA portal. • Receive approval for your LLP name from the Ministry of Corporate Affairs (MCA). • Post-approval send the incorporation form to register the LLP and receive the LLP agreement.
9. 5. Private Limited Company A Private Limited Company is a type of company that has an employee population of between 2 and 200 members. As the name says, thus the private limited company cannot be raised with the aid of public funds; the company can never publicly solid its shares & there is no mandatory capital paid up required to line up a indebtedness Company. Benefits of having a private limited company • The company owner’s liability with respect to the company’s debt has limited to the shares of the owner. • The company’s share is easily transferred to the other person. • The company can receive funds from any public platform, hence making it easier to raise money for the company’s growth. • There are surplus tax benefits in LTDs, and the percentage of tax applied is also lesser as compared to other company registration types.
10. How to register a private limited company? • Apply and receive Directors Identification Number(DIN), which is an identification code that mandates you to have documents like PAN card, Aadhaar card, bank statement, phone and electricity bill. • The company’s name registration application needs to be filed. • Must draft MOA and AOA. MOA stats the objects of the company while AOA stats the rules and regulations of the company. • File the application through the SPICE-E option form on MCA’s website and receive PAN and TAN applications.
11. Contact us: For Registering a new Company/ Startup or any other related query Call 7305 345 345 CHENNAI OFFICE: No 13/22 nd floor, Yatra, TNGO Colony, West Karikalam street, Adambakkam, Chennai-88 Phone: 7305 345 345 Email: support@kanakkupillai.com Website: www.kanakkupillai.com