Company Registration

Posts

What Process for Limited Liability Partnership Registration in Chennai?

What Process for Liability Partnership Registration in Chennai? "Call Our Business Plan Experts at +91-72999-72500" Turning a Partnership Firm into an LLP in Chennai is considered as a smart business decision because it protects the rights of partners as well as minimises their liabilities. It also gives an advantage of being a more organised structure for running the business as compared to general partnerships. To register a Limited LiabilityPartnership Consultant , a duly filled Form 3 along with the LLP Agreement is required to be filed with the RoC. This form needs to be e-signed by all the designated partners with their DINs/DPINs/PANs. It requires details like the name of the proposed LLP, its registered office address, proof of identity and address of all the partners (like passport size photographs, Aadhar Card/Voter ID) and addresses (as per the utility bills), the date of commencement of business, capital contribution by each partner and profit-...

Process for Partnership Registration in Chennai

Process for Partnership Registration in Chennai "Call Our Business Plan Experts at +91-72999-72500" If you are thinking of setting up a partnership firm in India, you must get the partnership deed registered with the local authorities. This will ensure that your business is protected against any misunderstandings or disputes in the future. In addition to this, you will be able to avail of the benefits that come with being a registered business. The main reason why it is recommended to get a partnership deed registered is that it mentions all the essential terms and conditions of your business in a legal agreement. It will include the details of profit/loss sharing, rights and duties of the partners, future admission of new partners, rules to be followed if a partner goes bankrupt, etc. Additionally, the partnership deed will also specify whether your business is a sole proprietorship or a limited liability company. Along with the partnership deed,...

Who Can Apply For MSME Registration in India

Who Can Apply For MSME Registration in India "Call Our Business Plan Experts at +91-72999-72500" The MSME sector has emerged as a highly dynamic segment of the economy. The government has been enacting various schemes to support the growth of these enterprises and provide them with a host of benefits. However, to avail these benefits, you need to get your business registered as a Micro Small and Medium Enterprise under the MSME Act. At LegalFidelity, we help entrepreneurs get their business registered as a MSMEs and avail these benefits. Any business entity can get itself registered as a MSMEs as long as it meets the set criterion. It can be a limited liability partnership (LLP), a private limited company, or even a public company. Similarly, it can also be a sole proprietorship or an Hindu Undivided Family. However, the business should have a valid Aadhar number to qualify for MSME registration Consultant in Chennai . Once the application is complete, an ...

How to Get GST Number for Proprietorship Company in India

How to Get GST Number for Sole Proprietorship Company in India "Call Our Business Plan Experts at +91-72999-72500" Proprietorship Firms can get gst number by registering themselves on GST Network Portal, after that filing gst returns on a monthly basis. This will help them in keeping track of their business income, maintain compliance and prevent penalties from the government. If you are running a Sole Proprietorship Business and have an annual turnover of over Rs 20 Lakhs then it is mandatory for you to secure GST registration. To register, click on ' New GSTRegistration ' on the left sidebar on the GSTN website. Fill in the basic details like your name, date of birth, address, mobile number, email id and gender. Also, mention the type of business you are running. In the next tab, upload the documents required for gst registration. The list of required documents is as follows: Verify the details that you have entered and then select the a...

Post Incorporation Compliances for a Private Limited Company

Post Incorporation Compliances for a Private Limited Company "Call Our Business Plan Experts at +91-72999-72500" A Pvt Ltd Company provides numerous benefits like it allows for multiple shareholders, grants the ability to raise funds and scale over time, enables the company to claim input tax credit, and gives credibility in the eyes of investors. However, obtaining a certificate of incorporation is only the first step in forming your business. There are a number of post-incorporation statutory compliances that need to be fulfilled by the company within a set time frame. Not adhering to the requisite rules and regulations may result in heavy penalties. Firstly, the Private Limited Company has to arrange its first board meeting within 30 days of its incorporation. The meeting will need to discuss various aspects of the company such as its objectives, name, registered office address and share capital etc. Additionally, the board will have to appoint its fir...

How Women Entrepreneurs Can Start Business in India

How Women Entrepreneurs Can Start Business in India "Call Our Business Plan Experts at +91-72999-72500" There's no denying that there has been an upward trend in women pursuing their entrepreneurial aspirations. According to a report by credit bureau TransUnion CIBIL, women are increasingly overcoming one of the biggest obstacles in entrepreneurship—access to finance. Last year, the number of women taking business loans increased by over 15%, and they're making up a growing share of the credit-seeking population in semi-rural and rural areas. A few examples of such Women entrepreneurs who've defied norms and taken risks abound. Their stories are a testament to the fact that no matter how many obstacles you face, if you have the grit and strength of purpose, it's only a matter of time before you reach your goal. While the term "entrepreneur" is now a popular one and gender neutral, it still raises eyebrows whenever women def...

How Can a Non-Resident Indian Register a Business in India?

How Can a Non-Resident Indian Register a Business in India? The Indian economy is growing at a steady rate, and it's no surprise that NRIs and foreign nationals are eager to invest in this country. However, before you decide to register a business in India, it's important to know the rules and regulations that govern these types of investments. In this article, we'll take a look at the ways that an NRI can register a business in India. NRI means Non-Resident Indian . A person is considered an NRI under the Foreign Exchange Management Act (FEMA) if they are a citizen of India or of Indian origin and are living abroad for an uncertain period. This could be for employment, business, or a combination of reasons. An NRI can start a company as a sole proprietorship or partnership if they meet the necessary requirements for registration. This includes registering for taxes, complying with labor laws, and adhering to safety standards. It's also a good i...