What is Business Registration?

Business registration is the act of formation of business under specific jurisdiction by the following procedure under the laws for the time being in force in India. It is an essential stage to obtain a business registration license. Business registration is so important as it establishes the business as a legal entity. Without business registration, your company cannot be legally considered.

Benefits of Company Registration

  1. Transferability of business ownership is the major problem in any unregistered company but not in case of the company registered under the companies act.
  2. Registering your company will improve your reputation and perceptions in the eyes of stakeholders. Reputation is built on the bases of the structure of the company.
  3. Banks and other financial institutes are providing loans and funds very easily rather than provide funds to an unregistered firm.
  4. Life of a registered company is not depending upon the life of the owner. The company never dies or has an unlimited life after registration.
  5. Most of the business has its own supplier selection criteria, they are not preferring much any unregistered company as their supplier. Hence, registering your business is an essential checkpoint to meet the supplier’s criteria

Useful Resources for Business Registration

  • Legitimacy
  • Privacy
  • Trust
  • Good for the economy
  • Protection for you
  • Protection for your employees and customers
  • Creating value against your brand and goodwill
  • Raising significant Capital for future growth
  • Private Limited company (Known as ‘Pvt Ltd’) incorporated under the Companies Act
  • Public Limited Company (Known as ‘Public Ltd) incorporated under the Companies Act
  • Limited Liability Partnership (Known as ‘LLP’) incorporated under Limited Liability Partnership Act
  • One-Person Company (Known as OPC Pvt Ltd) incorporated under the Companies Act
  • Partnership Firm (Known as ‘Firm’) formation under Indian Partnership Act

Hindu Undivided Family (Known as ‘HUF’) created under Hindu Law Proprietorship Firm or Individual Firm by registration at local municipal corporation

  1. Name search and check availability
  2. Acquire Digital Signature Certificate
  3. Apply for the company to be registered with prescribed documents and fees

Packages

Sole Proprietorship

2500
  • No Registration Required
  • Business name approval not required. Should not infringe trademark or copyright
  • Not a legal entity
  • Foreign nationals not allowed
  • Max 1 Persons
  • Repatriation not allowed
  • Character document not required
  • Business licences applicable as per business requirements
  • Valid till death of owner
  • No registering authority
  • No Governing Act
  • Low compliance requirements
  • Individual Income Tax rates
  • Profit sharing is taxable
  • Unlimited personal property is also covered
  • Capacity to sue is at individual level
  • Low market reputation
  • Winding up / Dissolution is easy







Partnership

5999
  • Registration is optional
  • Business name approval not required. Should not infringe trademark or copyright
  • Not a separate legal entity
  • Foreign nationals not allowed
  • Min 2 Persons and Max 20 Persons
  • Repatriation not allowed
  • Partnership deed required as character document
  • Business licences applicable as per business requirements
  • Dissolved on death of a partner. Can be dissolved at the will of all partners or even one partner can give notice for dissolving
  • Registrar of Firms as registering authority
  • Governing Act of the Indian Partnership Act, 1932
  • Low compliance requirements
  • 30% Income Tax Rate
  • Profit sharing is exempt from tax
  • Unlimited personal property is also covered
  • Capacity to sue is as a firm (individually/collectively)
  • Low market reputation
  • Winding up / Dissolution is easy

LLP

9999
  • Mandatory registration
  • Business name approval required prior to incorporation
  • Separate legal entity
  • Foreign nationals allowed. Min 1 resident designated partner needed
  • Min 2 Persons and Max No limit
  • Repatriation not allowed
  • LLP agreement required as character document
  • Business licences applicable as per business requirements
  • Perpetual sucession
  • Registrar of Limited Liability Partnerships, MCA as registering authority
  • Governing Act of The LLP Act, 2008
  • Moderate compliance requirements
  • 30% Income Tax Rate
  • Profit sharing is exempt from tax
  • Limited upto contribution in LLP
  • Capacity to sue is as a firm
  • Moderate market reputation
  • Prescribed process to be followed for Winding up / Dissolution

Private Limited

12999
  • Mandatory registration
  • Business name approval required prior to incorporation
  • Separate legal entity
  • Foreign nationals allowed.
  • Min 2 Persons and Max 50
  • Repatriation allowed
  • MOA and AOA required as character document
  • Business licences applicable as per business requirements
  • Perpetual sucession
  • Registrar companies, MCA as registering authority
  • Governing Act of The Companies Act, 1956
  • High compliance requirements
  • 30% Income Tax Rate
  • Profit sharing is taxable
  • Limited upto extent of shares hold
  • Capacity to sue is as a company
  • High market reputation
  • Prescribed process to be followed for Winding up / Dissolution