FSSAI Food License in India

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Company Registration Online

• www.kanakkupillai.com

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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.

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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

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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

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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

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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.

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• 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

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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
  owners 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.

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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 owners liability with respect to the
  companys debt has limited to the shares of the
  owner.
• The companys 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 companys growth.
• There are surplus tax benefits in LTDs, and the
  percentage of tax applied is also lesser as
  compared to other company registration types.

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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 companys 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 MCAs website and receive PAN and TAN
  applications.

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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 [phone] Email
support_at_kanakkupillai.com Website
www.kanakkupillai.com