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registration is one of the most common forms of “legal structure” for any organization in India. It is somewhere between a partnership firm and a widely owned public company. Startups and developing organizations tend to adopt a “limited liability company” structure. This is because it can be easily financed through debt financing and also limits investor debt.
Advantages
- Opportunity to grow and expand significantly
- Preferred by banks, Venture Capital, and investors.
- Shares can be easily distributed/redistributed among investors or directors.
- Offers partnership flexibility and the benefits of a public company.
- Easy to register, manage and implement.
- Easy to melt and roll up.
One Person Company is owned by a single shareholder who is entitled to pocket all of its earnings and profits. The shareholder liability is limited to the unpaid amount of shares enrolled in the OPC that makes OPC superior to other single-owner businesses. So if you are the sole owner of a business and do not want to share your ownership with another entity, OPC is definitely your best bet!
Advantages
- Single Ownership, this sense of belonging motivates to grow the business.
- Limited Liability, i.e., to the extent of the value of shares.
- Easy credit function.
- Complete control over decision-making.
- Nominee is required in OPC. After the death of a shareholder, the business is transferred to the nominee.
- OPC can only be registered as a private limited company.
LLP is a hybrid corporate entity that allows members to enjoy the benefits of corporate and partnership. It offers the benefits of limited liability, like a company, and the freedom to determine the internal affairs of a company based on mutual agreement, like a partnership. LLPs are mostly suited for professional services such as accounting, law, and consulting.
Advantages
- Low Incorporation Cost and Minimal Compliance
- No Need for Minimum Capital Contribution.
- Perpetual Existence.
- Better image and credibility in the Market.
- Limited Liability Protection to Directors’ personal assets
Public limited companies enjoy all the rights of a corporate entity with limited liabilities and it is an ideal choice for small and medium-scale enterprises who wish to raise equity capital from the general public. It must have a minimum number of seven members whereas there is no limit for the maximum number of members. It has more transparency and easy transferability of shareholding.
Advantages
- Limited liabilities for the shareholders of the company.
- Perpetual Succession.
- Borrowing Capacity & Fewer risks.
- Better opportunities for growth and expansion of the company.
- Easy Transferability & Maintains the Transparency.
- Separate Legal Entity.
A farmer-producer company is a cluster of farmers that join their hands to improve their income so that they could have a better standard of living. In India, you can set up a Producer Company with just 10 members and 2 institutions. Farmer Producer Company empowers the farmers and helps them achieve their economic scale.
Advantages
- Offers more credibility to the farmers as compared to other unregistered organizations.
- A duly registered farmer company has the right to sell or own a property in its name.
- Producer Company members also get bonus shares in the same proportion as equity shares they hold in the producer company.
- Tax benefits, depending upon the nature of business.
Section 8 Companies are a legal designation for “non-profit organizations (NPOs) or non-governmental organizations (NGOs)” which are governed by the provisions of the Companies Act,2013. The ultimate objective of registering Section 8 Company is to incentivize non-profit goals such as trade, arts, commerce, education, charity, environment protection, sports research, social welfare, etc.
Advantages
- Tax Exemption.
- Minimal need for paying stamp duty.
- Words like “Foundation, Association, Organization, etc, should be used in the name.
- Increased Credibility.
- Separate Legal entity.
- Relaxation from using the word “Private Limited” or “Limited” at the end of the name of the company.
A Nidhi company refers to a type of entity in the non-banking finance sector, recognized under Section 406 of the Companies Act, 2013. Their primary business is borrowing as well as lending funds between their members. They are also regarded as Benefit funds, permanent funds, Mutual benefits, and Mutual Benefit Funds companies.
Advantages
- No External Involvement in the Company’s Management.
- Easy to lend money to or raise capital or borrowings from group member.
- Many privileges and exemptions are provided under the provisions of the Companies Act, 2013.
- The Minimal involvement of RBI.
- Secured investment with a lower rate of interest.
- Fulfilling the financial requirements of the lower and middle-income groups.
- Easy access to public funds.
Partnership is defined as association of two or more persons who have come together for Business purposes and agreed to share profit (loss) arising out of the said Business, carried on by all or any of the Partners.The partners of the firms may Register Partnership Firm considering the benefits of Registration.
Advantages
- Power to file a case in a Court by a partner against the firm or other copartners.
- Power to file a case in Court by firm against 3rd parties.
- Easy Conversion of Entity.
- Higher Credibility.
- Partnership helps in bridging the Gap in Expertise and Knowledge.
A Sole Proprietorship is a kind of business structure where one person is responsible for handling the entire business affair. It doesn’t allow outsiders to intervene in the business proceeding or any other aspects unless the owner wishes them to do so. Unlike other companies, it adheres to minimal compliances that make the business journey more seamless.
Advantages
- Fairly Easy to Establish.
- Seek Minimal Investment.
- Ensures no profit distribution.
- Adheres to minimal compliance.
- Attract Lower Taxes.
- Seamless Decision Making.
A Hindu Undivided Family (HUF) is a unique entity recognized under Hindu law, which allows families to come together and manage their assets collectively. It is a valuable mechanism for tax planning and wealth management. Here’s a concise guide covering all major aspects of HUF registration:
Advantages
- Asset Management
- Succession
- Tax Benefits
A company looking for expansion across other regions will have to resort to the formation of subsidiaries. Subsidiaries act like extra arms to the main body and assist the holding company in reaching out to different regions, business sectors, and countries. Indian subsidiary company is an Indian company and treated as one and is required to meet all the compliances applicable to Indian companies.
Advantages
- In case of Indian Subsidiary, FDI is allowed 100% without any prior permission However it requires posts facto filing/intimation to the Reserve Bank of India.
- Parent Company (based in any part of the world) can retain a 100% effective ownership of its Indian Counterpart.
- The parent company can provide the monetary means and capability to jump start new companies.
- Parent company can provide continuous inflow of funds by subscribing to new shares of subsidiary company and thus save it from cost of debt.
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Private Limited Company
A Private Limited
offers limited liability & legal protection to its shareholders. It is the simplest way to run & manage your business & requires a minimum of 2 people.
Limited Liability Partnership
LLP is a combination of a partnership firm and a company in a single entity. LLP has a structure with higher flexibility and lower maintenance. It is the most suitable type of business entity.
One Person Company Registration
One Person Company(OPC) is suitable for the person who wishes to start their business all alone with limited liability. OPC opens new business opportunities for sole proprietors.
GST Registration
For certain businesses, GST registration is mandatory. If any organization carries on the business without registering under GST, it is an offence under GST and heavy penalties will apply.
Start-up India Registration
Start-up India is a flagship initiative of the Government of India, intended to catalyse Start-up culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.
FSSAI Registration
Obtaining an FSSAI license is mandatory before starting any food business operation in India. All the traders, manufacturers, etc. who are involved in the food business must obtain a FSSAI Number.
ISO Registration
ISO refers to International Organization for Standardisation. ISO Certification is mandatory to form certain standards that ensure the quality, safety, and efficiency of products and services.
Trademark Registration
A trademark can be any word, phrase, symbol, design, or combination of these things that identifies your goods or services. Get your Trademark application filed within 24 hours.
Copyright Registration
With copyright registration, you become a legal owner of your creative work in respect of books, paintings, music, website, etc. It secures the creative work of the author.
Hindu Undivided Family(HUF)
A Hindu Undivided Family (HUF) is a unique entity recognized under Hindu law, which allows families to come together and manage their assets collectively.
Partnership Firm Registration
A partnership firm is a popular choice among entrepreneurs due to its simplicity and flexibility. It allows multiple individuals to come together and combine their resources, skills, and expertise to run a business.
An expert who has your Back
You get a consultant who learns the nature of your business. They know what to file, which exemptions and reliefs you’re entitled to, and take care of the documents. When you have a question, just drop a message or call, they respond daily and answer to the point.
