Girl in a jacket

"Business registration is the initial process to start a business; there are so many forms to incorporate a business like "

  • Private Limited Company Registration
  • Limited Liability Partnership Registration (LLP)
  • One Person Company Registration (OPC Company)
  • Limited Company Registration
  • Partnership Firm Registration
  • Proprietorship Firm Registration

The selection of appropriate form of registration is depend on the relevant factor and it need expert professional advice because every form of incorporation have different object like fund raising from investor, business scalability, new investor in later stage, closely held business operation, level of risk, Business Management etc. we as start-up consulting firms and business start-up consultant do proper guide to our clients depend on their requirement and as per our experience to choose appropriate form of business which will be helpful to achieve their business object. We are proud to say that we are recognised consultant for new online Company Registration in Mumbai and Navi Mumbai.

BRIEF OF DIFFERENT TYPE OF BUSINESS REGISTRATION

Private Limited Company Registration-

Private Limited Company Registration is most appropriate form of business registration due to its distinguish feature. It can easily form with limited liability by 2 person only.it is usually prefer by early age start-ups, new entrepreneurs etc.

Benefits of Private Limited Company

Separate Legal Identity- Private Limited Company become separate legal entity after its registration and its assets, liability, Income expenses all together separate from its promoter. Due to this distinction nature the members of private limited company are responsible only for the action undertaken by them and not by other members.

Limited Liability- This is the most important feature of Pvt. Ltd. Company. Limited Liability means members of private limited company liability in the company is limited up to their share only in case of loss in the company and over and above their share cannot be recover from their personal assets

Ease of formation- Private Limited Company can easily be incorporated by minimum 2 people with less cost and time.

Perpetual succession- The private limited company formed is altogether separate legal entity in the eyes of the law. so the life of the company does not come to an end even with the death of all members and the life of the business continues.

Raising the foreign investment- Early stage start-ups usually incorporate private limited company and NRI and foreign investor can make investment through the automatic route i.e. without the government approval in these start-ups. Thus, the route of foreign investment is easier in this form of company than others.

So due to its distinguish feature If any person desires to give the strongest formation to your business structure the private limited company registration is one of the best options for you.

Our firm is big business start-up consultant in Mumbai and we successfully formed and supported hundreds of Private Limited Company Registration in Mumbai and Navi Mumbai.

The benefits of LLP over a Company are as under

  • No requirement of minimum contribution
  • Lower Compliances.
  • Easy to manage and run.
  • Separate legal entity.
  • Easy to dissolve and winding up

Our firm is big business start-up consultant in Mumbai and we successfully formed and supported hundreds of LLP Registration in Mumbai and Navi Mumbai.

The benefits of LLP over a Company are as under

A One Person Company (OPC) has a combined feature of sole Proprietorship business and Company. If any person who want to incorporate and regulate the business under the act than OPC company is best option of incorporation. OPC company can easily form by one person only and run the company with less compliances. .

Advantages of Registration of One Person Company

  • Less Compliance burden compare to private limited company and other.
  • Organized form of Proprietorship firm.
  • Limited Liability Directors and Shareholder
  • Legal Status And Social Recognition for Business
  • Easy to Get Loan from Banks and financial Institution.
  • Control Of The Company With The Single Owner
  • Easy To Manage
  • Perpetual Succession
  • Tax Flexibility and Savings

PARTNERSHIP FIRM

Partnership Firm is a popular form of business structure for businesses that are owned, managed and controlled by partners for profit. There are two types of partnership one is registered and other is unregistered. Partnership firms are relatively easy to start and is appropriate for small and medium sized businesses in the unorganized sectors. after introduction of Limited Liability Partnerships (LLP) in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by a Limited Liability Partnership.

Advantage Of Partnership Firm

Business Name

Partners can chose any name for Partnership firm as long as it does not infringe on any registered trademark. However the name is not registered, any other person can also use the same business name unless trademark registration is obtained for the said name.

No Requirement of Annual Filing

A Partnership firm does not required to file its annual accounts with the Registrar each year unlike a in case of company and LLP where they required to file their account in concerned ROC every year.

Minimum Compliance

No major compliances as applicable to partnership as applicable to company like appoint auditor, get annual account compulsory audited, annual ROC filing etc. however partnership need to file annual Income tax return and do tax audit if turnover cross specified limit ad mentioned in Income tax act

Relatively Inexpensive

A Partnership is relatively cheaper to start than an LLP and company and even over the long-term due to the minimal compliance requirements, is inexpensive.

icon