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Start Up Services

Proprietorship Company Registration

A sole proprietorship is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. A sole proprietorship is a business that is owned, managed and controlled by one person. It is one of the most common forms of business in India, used by small businesses. Proprietorships are very easy to start and have very minimal regulatory compliance requirement for getting started. However, after the startup phase, proprietorship's do not offer the promoter a host of other benefits such as limited liability, separate legal entity, independent existence, transferability, etc., which are desirable features for any business. Therefore, proprietorship's are suited for unorganized, small businesses that will have a limited existence. FTFINNTAX Consultants can help startup a Proprietorship in 3 to 5 days, subject to Government processing time. Since the proprietorship is itself not distinguishable from its owner hence there is no registration or approval is required to start a proprietorship business. Therefore the identity of the Proprietorship business can be established through other Government registrations. FTFINNTAX helps you to establish an identity for your Proprietorship by obtaining the relevant registrations:

FTFINNTAX helps you to establish an identity for your Proprietorship by obtaining the relevant registrations:

  • GST Registration
  • Shop & Establishment Registration
  • MSME Registration
  • TDS Registration (TAN)
  • FSSAI Registration
  • Import Export Code (IEC)
  • ISO Certificate
  • Trademark, Copyright, Patent Registration etc.
Partnership Firm Registration

A Partnership Firm is a popular form of business constitution for businesses that are owned, managed and controlled by two or more persons. It is not compulsory to register a Partnership firm; however, it is advisable to register a Partnership firm due to the added advantages. Partnership firms are created by drafting a Partnership deed amongst the Partners and “FTFINNTAX” can help start a registered or un-registered Partnership firm in India.
With the introduction of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by a Limited Liability Partnership.

Limited Liability Partnership (LLP) Registration

Limited Liability Partnership Act, 2008 brought with itself the concept of LLP .The benefits of LLP are that it is simple to maintain & it provides the privilege of limited liability to the owners. One partner is not responsible or liable for another partner's misconduct or negligence. Also the personal assets are free from the errors, omissions, incompetence, or negligence of the LLP's employees or other agents.

Process of LLP Registration:

Name Approval

Digital Signature of proposed Partner

Designated Partner Identification Number (DPIN) for proposed Partner

Incorporation

File Form 3 within 30 days


Documents required for LLP Registration:
  1. DIGITAL SIGNATURE – of Partner
  2. FOUR PHOTOGRAPHS – of EACH Director – Latest & Coloured
  3. PAN CARD PHOTOCOPY & AADHAR CARD – of ALL Directors
  4. PROOF OF IDENTITY – of ALL Directors – Passport / DL / Voter ID
  5. PROOF OF RESIDENCE ADDRESS – of ALL Directors – Elec. Bill / Telephone Bill / Mobile Bill / Bank Statement
  1. PROOF OF ADDRESS – of registered office (not older than 2 months) – of Company ---- Utility Bill say Electricity Bill, Gas Bill, Telephone Bill (Landline), Mobile Bill (Postpaid).
  2. RENT AGREEMENT with the landlord – on Rs. 50 Stamp Paper – In case of rented premises
  3. NOC from Landlord – on Rs. 10 Stamp Paper – In case of rented premises
  4. Two Proposed name of Company
  5. Main Objects of the proposed Company

Note: All the above documents must be duly signed & stamped.

One Person Company (OPC) Registration

The concept of OPC (One Person Company) was introduced to support entrepreneurs who on their own are capable of starting a business by allowing them to create a single person economic entity. Only one single member is required to incorporate an OPC. Similar to a Company, an OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, is easy to incorporate and continues in the foreseeable future. This is a new concept introduced by the companies’ act 2013 and is available for a business with a capital up to Rs. 50 Lacs and a turnover up to Rs. 2 Crore.

Process of LLP Registration:

Digital Signature of proposed Directors

Director Identification Number (DIN) for proposed Directors

Name Approval

Incorporation

Commencement


Documents required for LLP Registration:
  1. DIGITAL SIGNATURE – of Director/Promoter
  2. Four PHOTOGRAPHS – of Director & Nominee – Latest & Coloured
  3. PAN CARD & AADHAR CARD PHOTOCOPY – of Director & Nominee
  4. PROOF OF IDENTITY – of Director & Nominee – Passport / DL / Voter ID
  5. PROOF OF RESIDENCE ADDRESS – of Director & Nominee – Elec. Bill / Telephone Bill / Mobile Bill /Bank Statement
  6. PROOF OF ADDRESS – of registered office – of Company----Electricity Bill/Water Bill
  1. RENT AGREEMENT with the landlord – In case of rented premises
  2. NOC from Landlord – In case of rented premises
  3. Affidavit from each subscriber in Form INC-9
  4. Declaration of the appointee Director in Form DIR-2
  5. Two Proposed name of Company
  6. Main Objects of the proposed Company

Note: All documents shall be duly signed & stamped.

Private Limited Company Registration

A private company can be incorporated by following the provisions and regulations stated under the Company's Act 2013. The minimum number of persons required for the incorporation is 3. Whereas the maximum limit of the number of persons is 50. There are many benefits that are achieved by a private limited company. It enjoys a greater stability, legal identity, it is flexible and a greater combination of capital. This is supported with the diversified and different abilities of capital accumulation. The private company can be easily identified by just looking at the name, number of members it incorporates, the managements, directors etc.

Process of Private Limited Company Registration:

It usually takes 7-10 days to register a Private Limited Company, subject to ROC processing time.

Digital Signature of proposed Directors

Director Identification Number (DIN) for proposed Directors

Name Approval

Incorporation

Commencement


Documents required for LLP Registration:
  1. DIGITAL SIGNATURE – of Director/Promoter
  2. FOUR PHOTOGRAPHS – of EACH Director – Latest & Coloured
  3. PAN CARD PHOTOCOPY & AADHAR CARD – of ALL Directors (PAN Card of NRI is not mandatory)
  4. PROOF OF IDENTITY – of ALL Directors – Passport / DL / Voter ID (Passport of NRI is mandatory)
    {In case, the director is residing outside India, then the attached supporting documents should be attested by the Consulate of the Indian Embassy, Foreign public notary. In case of director, supporting documents can also be attested by Company secretary in full time employment /CEO / Managing director of the Indian company in which he / she proposed to be a director.}
  5. PROOF OF RESIDENCE ADDRESS – of ALL Directors – Elec. Bill / Telephone Bill / Mobile Bill / Bank Statement
  1. PROOF OF ADDRESS – of registered office (not older than 2 months) – of Company ---- Utility Bill say Electricity Bill, Gas Bill, Telephone Bill (Landline), Mobile Bill (Postpaid).
  2. RENT AGREEMENT with the landlord – on Rs. 50 Stamp Paper – In case of rented premises
  3. NOC from Landlord – on Rs. 10 Stamp Paper – In case of rented premises
  4. Affidavit from each subscriber to MOA in Form INC-9
  5. Specimen Signature in Form INC-10
  6. Declaration of the appointee Director in Form DIR-2
  7. Two Proposed name of Company
  8. Main Objects of the proposed Company
  9. Authorization Letter –to authorize CA.
  10. Minimum Directors & Shareholders Required : Two

Note: All the above documents must be duly signed & stamped.

Advantage of Private Limited Company
Separate Legal Entity Uninterrupted Existence Borrowing Capacity Easy Transferability Owning Property Limited Liability
A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts. A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership. A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns. Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares. A company being a juristic person, can acquire, own, enjoy and alienate property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern. Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.
Public Limited Company Registration

A Public Ltd Company has almost all the characteristics of a private limited company. It has required more stringent regulatory requirements as compared to a Pvt. Ltd Company.

Process of Public Limited Company Registration:

Digital Signature of proposed Directors

Director Identification Number (DIN) for proposed Directors

Name Approval

Incorporation

Commencement

Documents required for LLP Registration:
  1. DIGITAL SIGNATURE – of Director/Promoter
  2. FOUR PHOTOGRAPHS – of EACH Director – Latest & Coloured
  3. PAN CARD PHOTOCOPY & AADHAR CARD – of ALL Directors (PAN Card of NRI is not mandatory)
  4. PROOF OF IDENTITY – of ALL Directors – Passport / DL / Voter ID (Passport of NRI is mandatory)
    {In case, the director is residing outside India, then the attached supporting documents should be attested by the Consulate of the Indian Embassy, Foreign public notary. In case of director, supporting documents can also be attested by Company secretary in full time employment /CEO / Managing director of the Indian company in which he / she proposed to be a director.}
  1. PROOF OF RESIDENCE ADDRESS – of ALL Directors – Elec. Bill / Telephone Bill / Mobile Bill / Bank Statement
  2. PROOF OF ADDRESS – of registered office (not older than 2 months) – of Company ---- Utility Bill say Electricity Bill, Gas Bill, Telephone Bill (Landline), Mobile Bill (Postpaid).
  3. RENT AGREEMENT with the landlord – on Rs. 50 Stamp Paper – In case of rented premises
  4. NOC from Landlord – on Rs. 10 Stamp Paper – In case of rented premises
  5. Two Proposed name of Company
  6. Main Objects of the proposed Company
  7. Authorization Letter –to authorize CA.

Note: All the above documents must be duly signed & stamped.

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