Are you planning to start your company in India? Be smart to seek guidance and support from company registration consultants. Starting a company is not the same as starting a business. It is not like renting an office, recruit staff and start the trading process. Though starting company involves all the said activities too. But the most important thing to start a business is the choice of business structure you make. Further, you need to get business registration done the right legal way. For a common person, the word ‘company’ and ‘business’ means the same. As an upcoming business owner, you must understand the difference between them. Company is one of the kinds of business structure. A private limited company is one of the popular business types in India.
What types of business structures are popular in India?
Choosing the perfect business structure model is a critical business decision. It is as important as other business activities. A strong building foundation is necessary for high-rise buildings. The right business structure is necessary to reach the industry pinnacle. It helps you run a systematized business and achieve business goals the easy way. Business registration is a must when you want to reach far and wide across boundaries. Business registration has become mandatory legal compliance.
Let’s understand about different types of business structure in India:
OPC Company – One person company is the best way to enter the corporate world with a single business owner. Only one person owns 100% of the company shares. But the owners’ have less business risk. The risk is up to the extent of share value amount only. The risk does not extend to the personal assets of the business owner. The personal assets of the OPC owner are safe. The business owner can exercise complete business control.
Second. Limited-Liability-Partnership-LLP Company is a good choice. Do you want to enter the corporate world with less capital contribution? Here the main attraction is the limited liability of partners. The partner’s risk is only up to capital amount contribution. LLP firm has a separate legal entity.
Third. – Private Limited Company– It is the favorite choice of many entrepreneurs. The reason being, it accommodates the growth and expansion of your business. A private company becomes a distinct legal person right from the registration date. Shareholders are the company owners. Shareholders can become company directors too. But directors get considered as employees.
Fourth. – Public Limited company. – Public company is an association of persons who subscribe to company shares. It has separate legal existence. The members enjoy limited risk too. Public company shares trading could get done through stock exchanges. But it needs huge capital investment. It involves lots of ROC formalities in managing the company.
Further, there are other business structures. They are a Sole Proprietor firm, Hindu Undivided Family firm & Partnership firm. But these do not come under corporate forms of business. Choose your business structure based on your investment, growth, and expansion needs. Seek advice from the best company registration consultants in India. iMaster India is one of the top company registration consultants in Chennai. Call us today to fix up an appointment for a free consultation.
Advantages of Company Registration
Easy Bank loans
Companies can easily get bank loans. Banks and creditors are more incline to offer funds to companies rather than individuals or partnership businesses.
Company Longevity-Long Existence
A Company continues to exist for generations and generations to come unlike sole proprietorship or partnership that gets closed due to death/bankruptcy of the owner
Owner’s Personal asset safety
Limited liability of business feature is an attractive feature of a company. This feature safeguards the personal assets of shareholders from the risk of company creditor’s claims.
Easy to register
Company registration is totally an online process. You can get your company registered within a week through our registration professionals in India.
Company enjoy lower tax rate and host of other tax deductions when compared to other business structures
Unique company name
Once you register your business as company/LLP, no other company can register in the same name. Hence it is one of the top attractive feature of a company
Company Name Registration
Company name selection is a crucial task. Do not take it as inconsequential. It is important to create a good first impression in the business world. To make it happen, selecting a good company name is necessary. Further, your intended company name should not resemble any existing company name. It should not be like any existing trademark or LLP name.
Further, there are many more norms and rules for company name registration. iMaster company registration consultant can help you choose the right company name. The company name reservation is completely an online process. You need to pay the prescribed govt. Fees for company name reservation. Suppose the registrar approves your company name reservation application. It would help if you got your company registration done within 20 days from the date of name approval once you get the certificate of incorporation. Your company name gets reserved permanent reservation with ROC.
Moreover, an OPC company should contain the words OPC PRIVATE LIMITED in its name. An LLP firm name should contain the word LLP in its name. A Private company should contain the words PRIVATE LIMITED in its name. A Public company should contain the words LIMITED in its name. Seek professional support from Company Registration Consultants Near Me Online in Chennai. Avail free consultation for company name reservation
Are you looking for Firm Registration Near Me Online in Chennai? iMaster India Private Limited is a top-rated LLP firm registration consultant in Chennai. We have two decades of experience in registering LLP firms for any business activity. Planning to enter the corporate world with few partners and with limited capital? LLP is a good choice. You can enjoy tax benefits and low compliance with LLP firm registration firms in India. LLP registration is popular among professional businesses. Like small construction businesses, real estate, advocates, CAs, and other professions.
Compliance of a company
Once you get a company registration certificate, your company becomes a separate legal person. The company has to follow certain compliance rules and regulations. Like the appointment of the first auditor within 30 days of registration. The company must get a Business commencement certificate. Conduct board meetings. Maintain books of accounts and statutory registers. File income tax returns and roc annual returns every year. File relevant ROC forms on the happening of important company events. Like address change, directors change, company name change, and so on. There are other compliances a company must follow. For more details, talk to company registration consultants near me online in Chennai. Call us on 9500083333 or email us at [email protected]
FAQ – Company Registration Process Online
Company Registration in India
We are here to support you from name approval to company incorporation to issue of share certificate either for indian nationals or for foreign nationals. As you know, share holders are personally not liable for all activities done by the directors. As a limited liability company, it is a best business structure to register a company.
Digital Signature Certificate for Incorporation ( DSC )
MCA21 brought a efiling Process for company registration. We need DSC for filing incorporation eforms. Spice Plus is main eform which we need fo file online. Digital Signature Certificate ( DSC ) is a documents saved in the USB Drive in secured manner. It works on Public-Private Encryption Mechanism.
Business Name Approval Process
Name Approval of a Private Company is a easy process with us. We are here to get your name approval online and start your business smoothly. Our Company Registration Consultants in Chennai will guide you to check company name and verify registered trademark details. This is a first step to start a business. Always do not infringe registered trademarks.
Company Registration Fees
Registration Cost of Company will vary Based on your Company Capital and number of directors. We have to pay government fee and stamp duty at the time of filing company incorporation form.
Share Certificates and CIN
We will help you to issues share certificates after company registration in chennai. ROC will issue Corporate Identification Number along with Certificate of Incorporation. As a Director of a company, you have to issue share certificate along with CIN, Share Folio Number , Company Common Seal.
Company Registration Certificate
It is an final evidence about your company registration in India. Incorporation Certificate is an electronic document which is confirmation about corporate existance and separate legal entity.
Company Registration Online
Online Process of Company Formation is an perfect solution who wants to start a startup registration in India. We at iMaster, register your company and handover after completing all incorporation formalities.
Free Company Registration in India
Free Company Formation is an better option for fulfilling your entrepreneurship dream. It starts from the process of of designing, launching and running a new small business. The Government of India gives a better option to start a Zero Fee Startup Company with iMaster India Private Limited. This best offer saves around Rs.2500/- instantly. You have to pay Company Registration Consultants fee, DSC Cost, Stamp Duty , Name Approval Fee and Other charges.
Registering Company Limited By Shares
Setting Up a Seperate Legal Business Entity is a one of the popular business structure in India. Private Limited Registration with a minimum capital and minimum documents required will give you benefits of Startup Company Registration in India. We also help you to open a New Bank Account, GST Registration, FSSAI Registration, MSME Registration and Startup Registration.
iMaster helps you with a complete range of Corporate Services and Corporate Secretarial Compliance for your company. If you have any further questions regarding the above, please Click Here
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