- Private Limited Company
- Public Limited Company
- Limited Liability Partnership
- Partnership Firm
- Sole Proprietor Firm
- Private Limited Company
Private limited company is the most ordinary legal corporate entity in India. A company register is a register of organisation in the jurisdiction they operate under Companies Act 2013, by Ministry Of Corporate Affairs. Private limited company have minimum 2 to 200 members, and directors from 2 to 50 members. Any person can be both either Director or shareholder. Shareholders with limited liability and its shares may not be offered to general public. It is a company which is privately managed by directors and shareholders. It is not entitled to sell its shares to public investors.
Inclusive In Our Service
- Obtaining Digital Signature and Director Identification numbers for 2 Directors
- Checking for Name availability and obtaining name approval from MCA.
- Drafting and vetting of Memorandum of Association (MOA) and Articles of Association (AOA)
- Filing Form with MCA and submitting Incorporation documents
- Obtaining PAN, TAN and Certificate of Incorporation (COI)
- Fast Track mode company incorporation
Documents Required For Private Limited Company (All Soft Copy)
- Passport size photograph of All Directors
- Self-Attested PAN card copy of All the Directors.
- Self- Attested Proof of Identity (Any One of Voter ID, Passport, Driving License, Aadhar Card) of All the Directors.
- Business address proof (Any One of Electricity Bill, Telephone Bill, Property, Gas Bill, Tax Bill).
- If Rented Business (Rent Agreement Copy) or if own (sell deed)
- Company Name (1 to 2 Names)
- Company Service or object or product Name
2. Public Limited Company
A public limited company is a company that has permission to offer its registered securities for sale to the general public, typically through a stock exchange, or occasionally a company whose stock is traded over the counter (OTC) via market makers who use non-exchange quotation services. Public limited is a group of member s who has their own liability and existence.
A Public Limited Company is a creation of law and can be incorporated as per the law and provisions contained in The Companies act 2013 and the rules made thereunder. A minimum of three Directors and Seven Shareholders are required for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company.
Inclusive In Our Service
- Obtaining Digital Signature and Director Identification numbers for 2 Directors
- Checking for Name availability and obtaining name approval from MCA.
- Drafting and vetting of Memorandum of Association (MOA) and Articles of Association (AOA)
- Filing Form with MCA and submitting Incorporation documents
- Obtaining PAN, TAN and Certificate of Incorporation (COI)
- Fast Track mode company incorporation
Documents Required For Public Limited Company (All Soft Copy)
- Passport size photograph of All Directors
- Self-Attested PAN card copy of All the Directors.
- Self- Attested Proof of Identity (Any One of Voter ID, Passport, Driving License, Aadhar Card) of All the Directors.
- Business address proof (Any One of Electricity Bill, Telephone Bill, Property, Gas Bill, Tax Bill).
- Name & Address of Seven Shareholders.
- If Rented Business (Rent Agreement Copy) or if own (sell deed)
- Company Name (1 to 2 Names)
- Company Service or object or product Name
3. Limited Liability Partnership
A Limited Liability Partnership (LLP) is a separate legal entity enjoying perpetual succession and is independent of change in partners that is rights, liabilities, interests are unaffected. To start a Liability Limited Partnership, minimum two partners are required which would in turn be the designated partners (should be two in number) and it is mandatory that one of them should be a resident of India. There is no maximum cap for the number of partners in a limited liability partnership.
A Limited liability partnership (LLP) is governed under Limited Liability Partnership Act- 2008, in which partners have limited liabilities. LLP exhibits the elements of both partnerships and corporation .Limited Liability partnership provides advantage of limited liability to its owners and at the same time requires minimal maintenance.
The Major difference between a company and a LLP is that LLP has less regulatory and compliance is simple as compared to a company which makes it easy and more cost effective to manage business.
Inclusive In Our Service
- Obtaining Digital Signature and Director Identification numbers for Partners
- Checking for Name availability and obtaining name approval from MCA.
- Drafting and vetting of LLP Agreement.
- Filing of signed agreement with MCA and submitting Incorporation documents
- Obtaining PAN, TAN and Certificate of Incorporation (COI)
- Fast Track mode LLP incorporation
Documents Required For Limited Liability Partnership
- Passport size photograph of All Partners
- Self-Attested PAN card copy of All the Partners.
- Self- Attested Proof of Identity (Any One of Voter ID, Passport, Driving License, Aadhar Card) of All the Directors.
- Business address proof (Any One of Electricity Bill, Telephone Bill, Property, Gas Bill, Tax Bill).
- Name & Nature of Business.
- If Rented Business (Rent Agreement Copy) or if own (sell deed) and NOC from the Owner for Business.
- Company Service or object or product Name
- Phone No. & Email Id to register with department.
4. Partnership Firm
Partnership Firm is just like an arrangement where parties, known as Partners, agree to cooperate to advance their mutual interests. Partnership Firm allows joint ownership of a business. Partnership firm are good for small business entity in unorganised sector.
It is not compulsory to register a partnership firm but there are added advantages if a partnership firm is registered. Partnership deed is the legal document which is created to form a partnership firm. Indian Partnership Act 1932 is the governing law which regulates the partnership firms in India. Partnership firms are not separate legal entity. The manner in which profits or losses are to be shared amongst partners must be explicitly mentioned in the partnership deed to avoid any confusions in the future.
Inclusive In Our Service
- Drafting and vetting of Partnership Deed.
- Obtaining PAN, TAN and Certificate of Incorporation (COI)
- Checking for Name availability and obtaining name approval
- Fast Track mode incorporation
Documents Required For Partnership Firm
- Passport size photograph of All Partners
- Self-Attested PAN card copy of All the Partners.
- Self- Attested Proof of Identity (Any One of Voter ID, Passport, Driving License, Aadhar Card) of All the Directors.
- Business address proof (Any One of Electricity Bill, Telephone Bill, Property, Gas Bill, Tax Bill).
- Name & Nature of Business.
- If Rented Business (Rent Agreement Copy) or if own (sell deed) and NOC from the Owner for Business.
- Company Service or object or product Name
- Phone No. & Email Id to register with department.
5. Sole Proprietor Firm
A Sole Proprietorship Registration is a business which is owned, directed and run by a single. It is the most familiar form of business in India. You can start and operate the business with minimum regulatory compliance. The Sole Proprietorship is not a legal entity. It is owned and run by one individual with no distinction between the business and the owner. The Sole Proprietor is personally entitled to all profits and responsible for the debts. Tax registration and other business registration’s is the right way to show existence of your proprietary business. Following registrations can be used to show the existence of your proprietary Business.
- Professional Tax Registration
- GST Registration
- Shop & Establishment Registration