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What are some reliable company registration service providers in India for startups, one person companies, LLPs and private limited companies? - Hire CA : Knowledgebase
Things that you should consider doing for your startup:
There are 5 types of companies that can be registered in India
Sole Proprietorship Company
Partnership Company
One Person Company
Limited Liability Partnership
Private Limited Company
Sole Proprietorship Company
This is the easiest way to start a business in India. When the business is owned and managed by a single person Sole Proprietorship Company may be formed. A business can be up and running in this format within 15 days
There is no separate registration required for Sole Proprietorship firm. Tax and other mandatory registrations like VAT, Service Tax, Professional Tax, Shops & Establishments Registration, etc., will certify the existence of this firm
Partnership Firm
A General Partnership 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 the Partnership Deed. The Partnership Company may or may not be registered under Indian Partnership firms Act-2003.
The Partnership deed has to be printed on a Stamp Paper and has to be notarized. After this, an application is to be made to registrar of Firms of the state to get registered. The registrar of firms accepts the request and allots a registration number to the firm.
This registration can be done anytime i.e. either at the time of starting the company or during the continuation of the operation of the company
Advantages of Registering a Partnership Firm
The Partner of the registered Partnership firm can file a case against the firm or other partners of the firm
Case can be filed against Third Party by having the partnership firm as one of the Parties
One Person Company
One Person Company is the improvement over Sole Proprietorship firm which gives complete control to one founder and gives a benefit of Limited Liability to the founder.
OPC is registered with Registrar of Companies (RoC) under Ministry of Corporate Affairs (MCA)
