Sole Proprietorship is the easiest form of business done in India since it isn’t governed by any specific laws. Under sole proprietorship’s, the compliance’s are minimal and easy to fulfill.
Company Solutions will help to register a sole Proprietorship for that following documents are required:
A Partnership firm is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed that may or may not be registered. In such a business, the members are individually partners and share the liabilities as well as profits of the firm in a predetermined ratio.
Company Solutions will help to register a partnership for that following documents are required:
One person Company
OPC concept was introduced in the Companies Act 2013.OPC is registered with one share holder and have a single director such companies are required to suffix letter OPC with their name. They are easy to operate as there is no such compliance requirement to holding general meetings and board meetings.
WHO CAN FORM A ONE PERSON COMPANY?
Only a ‘natural person’ who is an Indian citizen and resident in India, i.e., a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one calendar year can incorporate a One Person Company.
Company Solutions will help to register a One Person Company for that following documents are required:
Limited Liability Partnership
Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of the Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. Since, its introduction in 2010, LLPs has been well received with over 1 lakhs registrations so far until September 2014.
LLP is one of best advantage for partnership business form where one partner is not responsible for the misconduct of Other Partner ’s. LLP is a secure form of business and easily manageable in India. LLP gives a dual advantage one is for company liability and another for partnerships
Company Solutions will help to register a Limited Liability Partnership (LLP) for that following documents are required:
Private Limited Company
A private limited company is a company privately held for small businesses. This type of business entity limits owner liability to their shareholdings, the number of shareholders to 200, and restricts shareholders from publicly trading shares.
Advantages for incorporation of Private Limited Company
Limited risk to personal assets The shareholders of a private limited company have limited liability. This means that as a shareholder you will be liable to pay for company’s liability only to the extent of the contribution made.
Legal Entity A Private Limited Companyhas a separate legal entity different from you. This means that the Company is responsible for the management of its assets and liabilities, debtors and creditors. And you are not responsible for it. So, the creditors cannot proceed against you to recover the money.
Raising Capital Even though registering a Private Limited Company comes with compliance requirements, it is preferred by entrepreneurs as it helps them raise funds through equity, expand and at the same time limits the liability.
Trustworthiness Companies in India are registered with the Registrar of companies(ROC) under Companies Act 2013. Anyone can check the details of the company through Ministry of Corporate Affairs (MCA). Also, details of all the directors are provided while the formation of the company. Hence a Private Limited Companyform of business structure is trusted more.
Continue Existence A company has ‘perpetual succession’, that is continue or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or termination of any member but continues to be in existence irrespective of the changes in membership.
Public Limited Company
A Public Limited Company is formed like any other company. Two or more people are required to form it, and it is constituted by the filing of articles of association that describe its purpose, membership and capital. A limited company grants limited liability to its shareholders and, to a lesser extent, its management.
Advantages of a Public Limited Company
The biggest advantage of forming a Public Limited Company is, obviously, the ability to raise capital by issuing public shares. Selling shares to the public means anyone can invest in the company, meaning more capital can be amassed than a private limited company. Being listed on an exchange can also attract interest and investment from hedge funds, mutual funds and other traders. Being a Public Limited Company also means that the risk is spread out. By allowing the people the ability to buy shares means they’re also buying into the risk. It also means that there’s big potential for growth and expansion, so Public Limited Company can pursue new projects, buy more products, pay off debt and fund R&D.