companyformation

What Process for Limited Liability Partnership Registration in Chennai?  "Call Our Business Plan Experts at +91-72999-72500" One of the best ways to get started with a business in India is by registering it as a Limited Liability Partnership Registration. This will help you take advantage of the benefits that are offered by the government for a registered firm. You can also use a third party if necessary or claim set-offs as per the law of the land. In addition, you will be able to raise funds easily with the help of a registered Limited Liability Partnership Firm as it is regulated under the Indian Companies Act, 1932. The process to convert a Partnership Firm into an LLP is quite simple. All the partners have to provide their consent for the conversion. Once the documents are submitted to the Registrar, they will check them and then approve the application for L LP registration Consultant inChennai . The Registrar will then issue the Certificate of Registrati...

What Process for Partnership Registration in Chennai  "Call Our Business Plan Experts at +91-72999-72500" The formation of a partnership firm is the most common way of starting up a business. A registered partnership firm enjoys many benefits over its unregistered counterpart. The FilingPoint team of experts can help you set up and register a partnership firm in Chennai. A partnership firm is a form of organisation that pools together the resources, capabilities and skills of two or more persons or partners to work towards a common goal. The partners share the responsibilities, profits and losses of the firm based on their mutual agreement. Although it is not mandatory to get a partnership firm registered under the Indian Partnership Act, it is advisable to do so as it provides legal proof of the existence of your business and entitles you to several benefits and rights offered by the act. Moreover, it helps in protecting the interests of all partners by providing...

Who Can Apply For MSME Registration in India  "Call Our Business Plan Experts at +91-72999-72500" Small businesses and entrepreneurs play a crucial role in the Indian economy. The government has recognised this and supports them with special benefits like cheaper loans, tax exemptions, and other schemes. One of these benefits is MSME registration, which differentiates enterprises into micro, small and medium categories to establish a clear legal process and balanced representation of stakeholders. The MSME Act was enacted in 2006 and provides various benefits to manufacturing and service industries. Any manufacturing or service-oriented business can apply for  MSME registration Consultant in Chennai .   It is important for SMEs to register as it makes them eligible for various bank loan plans, including working capital loans and credit line loans. It also gives them access to discounted interest rates on these business loans, which is an additional benefit f...

How to Get GST Number for Proprietorship Company In India  "Call Our Business Plan Experts at +91-72999-72500" Goods and Services Tax (GST) is an indirect tax that was rolled out in India on July 1, 2017 and replaced all state and central taxes. It is governed by the GST Council, which is chaired by the Union Finance Minister and comprises the Finance Ministers of all states and union territories in India. If your business is a sole proprietorship and has a turnover of more than Rs 20 lakh, you will need to register for GST. This will help you avoid penalties and maintain compliance with GST regulations. It will also help you claim input tax credit on the goods and services you purchase for your business. The  GSTregistration Process Consultant online   is simple and fast if you follow the steps listed below. First, register for an account on the GST Portal using your PAN card. You will receive a unique user ID and password, which you will need...

Post Incorporation Compliances for a Private Limited Company "Call Our Business Plan Experts at +91-72999-72500" During the course of incorporation, it is important for all new entrepreneurs to stay aware of post-incorporation compliances. Failure to comply with statutory requirements can lead to penalties and loss of time, money, and reputation. The first step after Incorporation Compliances for a Private Limited Company is to obtain the PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number). The company can apply for it through the Income Tax site and receive its hard copy at the registered office address. Obtaining a bank account is another essential requirement for any company. It can be opened in the name of the company in any Indian bank. The company must deposit the share capital subscribed in the memorandum of association within two months from the date of incorporation in its bank account. This can be done t...

How Women Entrepreneurs Can Start Business in India? "Call Our Business Plan Experts at +91-72999-72500" Women-run enterprises are steadily growing all over the world, boosting household incomes and contributing to national economies. But they face significant time, human and financial constraints that impede their ability to grow and thrive. This resource point responds to growing demand for best practices and tools to integrate gender into private sector development and entrepreneurship promotion programs, as well as serves as a clearinghouse for emerging research and data on women entrepreneurs. Some  Women entrepreneurs   know from a young age that they were meant to be business owners. Others find themselves starting their own businesses due to life changes (parenthood, losing a job, etc.). Some female entrepreneurs run their businesses as a side hustle while others take on the full-time responsibility of making their business their sole source of ...

How Can a Non-Resident Indian (NRI) Register a Business in India? "Call Our Business Plan Experts at +91-72999-72500" As India has one of the largest and fastest-growing economies in the world, it is a popular destination for business. Many NRIs wish to tap into this market and start a new venture. However, they are often unsure about how to go about it. In this article, we will look at some of the key things that a NRI should keep in mind when starting a business in India. The NRI registration process starts with opening a bank account with an Indian bank and obtaining a digital signature certificate. Then the company needs to register with the Ministry of Corporate Affairs. During the registration, the company needs to provide proof of address and identity, a declaration form, and other documents. The documents have to be attested by a public notary or the Indian Embassy in the country where the NRI lives. After the company is registered, it can st...

What is the difference between an OPC company and Proprietorship Company? "Call Our Business Plan Experts at +91-72999-72500" The difference between OPC and a sole proprietorship is that while a sole proprietorship can only have one person operating and owning it, an OPC is a legal entity which can be owned by a single director or shareholder. This allows for the formation of a distinct business structure where the owner can have complete control, but also limited liability. An   difference between OPC and Proprietorship   Incorporating an OPC makes the business a separate legal entity, with its own assets and debt.  Similarly, while a proprietorship does not require a nominee at the time of its formation, an OPC must have a designated member who will take over the company in the event of the death or resignation of the owner. This is a major difference which allows the OPC to enjoy some benefits of being a distinct corporate entity, such as taxation. ...

What Are the Differences Between LLP Company and Partnership "Call Our Business Plan Experts at +91-72999-72500" Getting started with a new business can be challenging. It is important to have a clear understanding of what are the differences between LLP Company and partnership in order to choose the best structure for your business. This article aims to provide you with a comprehensive guide on these two structures. An  difference between a partnership and an LLP   is an ideal option for small and medium-sized businesses. It offers limited liability protection to owners, allowing them to scale their operations without putting their personal assets at risk. Partners can also deduct losses from their taxes, allowing them to save on self-employment tax. Additionally, an LLP allows its general partners to share in the profits and losses of the business while avoiding double taxation. In contrast, a partnership is not as flexible. For example, one par...

How to Form a LLP Company in India "Call Our Business Plan Experts at +91-72999-72500" Forming a LLP company in India is a great idea for entrepreneurs who want the adaptability of a partnership and the limited liability protection of a corporation. The structure provides tax benefits, easy transferability of ownership, and perpetual succession. It is also more affordable than incorporating a private limited company and does not require a minimum paid-up capital. However, it is important to understand the risks involved in setting up a LLP before proceeding with the registration process. Upon registration, the LLP will be given an Unique Name (UIN) and a Director Identification Number (DIN). The LLP must also file a Certificate of Incorporation along with its details and a declaration of compliances. A declaration of compliances is a requirement to ensure that the LLP adheres to the Ministry of Corporate Affairs naming guidelines and is not identical...

Benefits of Private Limited Company Registration in Online "Call Our Business Plan Experts at +91-72999-72500" The type of business structure you choose will impact the amount of paperwork you'll have to do, your taxes and personal liability. It's important to consider each option carefully before making a decision. Benefits of private limited Company Registration in Online One of the most popular types of business structures in India, private limited companies offer many benefits to entrepreneurs and investors. They are seen as more credible than sole proprietorships and partnerships, and they can also make it easier to raise funds and secure loans from banks. This is because a Private LimitedCompany Consultant has a separate legal existence from its owners, and it can enter into contracts, incur debts, and own assets in its own name. In contrast, partners in a partnership firm are personally liable for the actions of the business and...

Trademark Registration Process Online in Bangalore "Call Our Business Plan Experts at +91-72999-72500" Trademark is a distinctive name, symbol, design or word that distinguishes products and services of one company from those of another. It is a legal right granted by the government to the owner of the trademark, who may prevent others from using it without permission. It is an important asset for a business and can help create a brand identity for a product or service. The  process of trademark registration Consultant online  is lengthy and involves a number of steps. It is best to have professional assistance to ensure that all the necessary formalities are taken care of. An experienced attorney can increase the chances of getting the mark registered by ensuring that the application meets all the requirements of the law. In addition, he or she can also conduct a comprehensive trademark search to determine if the mark you are looking to register has be...

GST Registration Process Online in Chennai The new One Nation, One Tax system created a history on July 1st, 2017 but it has also brought a lot of confusion, burden and complication for businessmen. With complex procedures, jargons and information asymmetry, filing, registration and adhering to GST law has become daunting for many. This has led to a lot of confusion on how to get GST registration online in Chennai. GST registration is a crucial process for the smooth functioning of any business in India. It provides legal recognition for your business and ensures that you are complying with the country's tax laws. It is essential to have a GST number before you start selling goods or services, as it will enable your customers to pay the correct amount of taxes. It is also a requirement when applying for bank loans, renting property and opening a bank account. To search for a GSTIN, you can go to the GST website and select the 'Search Taxpayer' option from the m...

Roc Annual Filings Process Online in Bangalore We assist in preparation and filing annual financial statements along with ROC returns. We do all the book-keeping work for the year along with reconciliations and finalisation so that you have complete records for smooth filing of both ROC and Tax filings for the company. Keeping proper books of accounts is essential for every LLP and it is the responsibility of the designated partners to ensure that they are filed on time for ROC annual filings . A yearly statement of accounts and solvency is required to be filed with the Registrar of Companies (ROC). We do all the filings before the ROC, Reserve bank and MCA and file them on time. This includes drafting of minutes, compiling and maintaining secretarial compliance records, making time-bound filings like Annual Accounts, ROC Return and Statement of Account & Solvency. It also includes event-based filings such as intimation to RBI about inward remittances and outwar...

GST Filing Process Online in Bangalore In the year of 2017, India has witnessed the biggest indirect tax reform - Goods and Services Tax (GST). GST has replaced various taxes like excise, service tax, sales tax etc. It has made it simpler for businesses to file returns and manage their tax obligations. It has also brought about transparency and accountability in the business operations. This article is going to describe the GST filing process online in Bangalore. Generally, any person who is involved in supply of goods and services should register under GST. This includes individuals, HUF, trust, private limited, company, LLP, government companies and even foreign companies. A person who is registered under GST has a legal right to collect and levy tax from his customers and pay to the state. GST filing can be done online through the GSTN portal. Once a person has registered under GST, he/she is allotted a unique identification number that can be used to log in...