If you are registering a startup or a new business in India then first you need to know about How to Register a Company in India, there are some official procedures for startup or a company has to follow in order to register them in Indian official records, MCA (ministry of CorporateAffairs) has to made registration process online few years back, pleasefind below on how to go about these process when you want to register yourcompany know all the thing about CompanyRegistration.
Company Registration so many myth every one thinking company registration process is so long and need to go so many government offices and fees is so high but mostly person is not know company registration process is very easy. You don’t need to visit corporate office; you can apply for Company registration just sitting at home without goes anywhere. We will help you to get a legal license for your business. The registration includes some must follow rules and some registration like Digital Signature Certificate(DSC), Director Identity Number(DIN) and filing for ane-form.
Types of business structures in India
This procedure introduced in the year 2013. OPC is the best way to start a company if there exists only one promoter or owner.
2. LimitedLiability Partnership (LLP)
A separate legal entity, in an LLP the liabilities of partners are only limited only to their agreed contribution.
3. PrivateLimited Company (PLC)
A company within the eyes of the law is considered a separate legal entity from its founders its shareholders (stakeholders) and administrators (company officers). every individual is considered an worker of the corporate.
4. Public Limited Company (PLC)
A limited company grants limited liability to its shareholders and, to a lesser extent, its management. Being a public company allows a business to sell shares to investors in order to raise capital. Only PLCs may be listed on the London Stock Exchange and have the suffix PLC on their ticker symbol.
Below are four major steps:
- Acquiring Digital Signature Certificate(DSC)
- Acquiring Director Identification Number(DIN)
- Filing an eForm or New user registration
- Incorporate the company
It’s necessary to get registered your company to run your business without any legal issues. India is a land of opportunity,no matter in which field your business is operating the chances of getting success is very high, so it just needs a start. starting an entrepreneurship in India would fetch you great success.
How to choose a right business structure while applying for company registration in India?
Only Just check on some important things every entrepreneur must ask himself before he/she finally decides upon a business structure.
i. How many partners/owners will your business have?
If you're a single one who owns the whole initial investment needed for the business, a One Person Company would be ideal for you. On the opposite hand, if your business has 2 or a lot of house owners and is actively seeking investment from different parties a financial obligation Partnership (LLP) or private Ltd. would suit you best.
ii. Should your initial investment deter mine your choice of business structure?
The answer to that question is – affirmative if you would like to pay less at the start, it might be informed enter for a Sole owner, or a HUF or a Partnership. But, if you're certain that you simply are going to be able to recover the setup and compliance prices, you'll be able to choose a 1 Person Company, LLP or a private Ld.
iii. Willingness connected the complete liability of the business
Business structures like sole businessman, HUF,and partnership firm have unlimited liability. This means, just in case of any default in loans, the complete money are recovered from the members or partners in share quantitative relation. the danger to personal assets is high in the seedcases. Whereas, firms and LLPs have a limited liability clause. this suggests that the liability of its members is restricted to the quantity of contribution created by them or the worth of shares every member holds.
iv. Income Tax Rates Applicable to businesses
The income tax rates applicable to a sole proprietorship and a HUF area unit the conventional block rates. just in caseof a sole proprietorship, the business financial gain is clubbed with the individual's different financial gain.But within the case of different entities like partnership and company a charge per unit of half-hour is applicable.
v. Plans of obtaining money from investors
As mentioned earlier, it's tough to induce investments once your business structure is unregistered. Entities like LLP and personal Ld. area unit trustworthy once it involves investment. make certain you decide on the correct structure, get the assistance of Associate in Nursing skilled so you register below correct steering.
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