How to Register a Company in India

How to Register a Company in India

 


As the whole business process has shifted online, the procedure of starting up a business in any part of the world is easier than ever. However, if you are a newcomer to the field and haven't registered your business yet, you may be confused with all the steps involved in the process of how to register a company in India.

The first thing to do is understand the different types of business structures in India. This is very important as it will help you in deciding the type of company you should register.

A sole proprietorship is the most basic and easiest form of business to register. In this business, one person manages all the operations and assumes full liability. This is the ideal choice for people who want to start small and are looking to have complete control over their business.

Another option is to register a private limited company. In this business structure, the assets of the shareholders are protected from creditors. This is the most common option amongst investors.

Also known as non-profit organizations, this is a type of company that works for charitable purposes. This includes promoting arts, science, education, literature, providing care for the underprivileged, etc. All the profits that are generated from this kind of company are used to achieve these objectives.

A public limited company is similar to a private limited company, but it can accept public investments. It also has a distinct legal identity and is considered a juristic person, meaning that it can acquire property and incur debts that are independent of its owners.

Tel:+917299972500

info@filingpoint.com

 

Comments

Post a Comment

Popular posts from this blog

Company Registration in Nungambakkam - Filingpoint

Image
Call our Filingpoint Online Company Registration Expert +91 72999 72500 Filingpoint   Company Registration in Nungambakkam is a critical step for entrepreneurs who want to start a business in one of India's most thriving cities. However, it's crucial to have full knowledge of the benefits, types of companies, and registration process to ensure smooth and error-free execution. Benefits of Company Registration in Nungambakkam The most important reason for registering a business is to have a distinct legal entity which is separate from its promoters, shareholders or members. This protects the personal assets of the members in case of any financial liabilities. Another benefit of a registered company is the ability to raise funds through public offering and also provides tax advantages. Besides, a private limited company provides higher credibility for businesses and helps in attracting better manpower. Additionally, it is easy to expand the operation...
Read more

IE Code Registration in Kodambakkam - Filingpoint

Image
Welcome to Filingpoint Online IE Code Registration Expert +91 72999 72500 Filingpoint   IE Code is an inevitable 10-digit code for anyone involved in the import and export of goods or services in India. It is issued by DGFT and comes with a lifetime validity. Importers and exporters cannot continue business without this code and they can't avail benefits from DGFT or Customs for their import/export business. It is also required by the banks for money transfer abroad. The IE Code registration can be done online and the documents needed are: Getting an IE code opens up international markets and allows you to take your business to the next level. It also helps you in making your business more credible and trustworthy. You can register for an IE code as a sole proprietorship, partnership firm, limited liability company (LLC), trust, HUF, or society. The process is entirely online and the documents required are simple to submit. The advantage of an IE Code...
Read more

LLP Formation: Common Pitfalls to Avoid for First-Time Entrepreneurs

Image
Call our filingpoint experts at +91 72999 72500 or visit https://filingpoint.com Introduction: When venturing into the entrepreneurial realm, forming a Limited Liability Partnership (LLP) can be an appealing choice due to its flexibility and liability protection. However, for first-time entrepreneurs, the LLP formation process can be fraught with pitfalls. Filingpoint experts will provide consulting about LLP formation and startup. Let’s go to discuss about “LLP Formation: Common Pitfalls to Avoid for First-Time Entrepreneurs”.   Here are common missteps to avoid:   Incomplete Understanding of LLP Structure: §   Many first-timers dive into LLP formation without a comprehensive understanding of its structure and legal obligations. It's crucial to grasp the roles and responsibilities of partners, compliance requirements, and tax implications.   Choosing the Wrong Partners: §   Selecting the right partners is paramount. Rushing into partnership...
Read more