Business Registration

Public Limited Company, Private Limited Company, Limited Liability, Partnership (LLP), One Person Company (OPC), Partnership Registration, Sole Proprietorship

♦ Public Limited Company

Are you willing to set up a Public Limited Company?

Minimum 3 directors, Minimum 7 shareholders required and there is no limit on maximum shareholders of the company.

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♦ Private Limited Company

A Private Limited Company is the most popular type of corporate entity in India. It is registered as per the compliance and regulatory guidelines of the Ministry of Corporate Affairs (MCA).Minimum number of shareholders required to start a private limited company is two while the upper limit of members is 200 in accordance with the Companies Act,2013.There must be minimum two directors and maximum 15 directors for a private limited company and a director must be 18 years above in age.It is compulsory to add private limited (pvt ltd) to the name of a private limited company India. Minimum paid up capital amount for a private limited company is Rs. 1 Lakh.

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♦ Limited Liability Partnership(LLP)

LLP Registration is a standard Process where 2 LLP Partners create a LLP Incorporation Entity with the limited liability and open a current bank account on the LLP Name & Start the business. Here partners have to pay the Government Fee & Professional Fee for the same.

• Minimum required 2 partners to create a LLP Incorporation.
• There is No Authorised share capital concept like private limited company registration. so you can start with any amount of the share capital of the LLP Partners

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♦ One Person Company(OPC)

A one person company is a company which contains exactly one member.It is a separate legal entity from its promoter and the promoter has limited liability.Shareholder nominates another person as a nominee in case of death or incapacity of the shareholder. One person company was introduced in the companies act 2013 to encourage self-employment.Additionally, if an OPC company has an average hattrick turnover of Rs. 2 crores and over or acquires a paid-up fund of Rs. 50 lakh and over, it has to be converted to a Pvt Ltd Co.or Public limited company within six months.

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♦ Partnership Registration

Partnership Firm is the most popular forms of business entity in India for the Partners Entrepreneurs. it needs just only 2 Person to Start a Business.

There are 3 Important Factors under partnership firm registration :

1. Partnership Deed on Stamp Paper with Notarised
2. PAN & TAN of the Partnership
3. Registration under other act like MSME Act 2006.

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♦ Sole Proprietorship

Sole Proprietorship Firm Registration is Single Person Firm Registration i.e is the main objective is Open Current Bank Account on the Name of Business so it’s a simply firm which is enable doing business in India with Less Compliance and Less Costing. a Sole Proprietorship Firm require minimum 2 Legal Entity Proof for open a Current Bank Account.