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 Why Company Registration is needed? The First Step In Starting And Running A Business As An Entrepreneur Is To Determine The Company’s Structure And Begin The Company Registration Process. The first step in launching a new business is to register a company. The procedure by which a company is registered in the jurisdiction in which it operates is known as company registration. The nature of your firm, such as whether it will be owned by a single person or a group of individuals, will be the primary determinant. If you run a business that lacks an identity, there is a good chance that you, as the owner, will lose the unique name of your business to someone who has already registered their company. You will not be able to sue the person for this act legally. Company registration will help you avoid such situations and will also serve as proof of your company’s legitimacy. As a result, Company Registration is extremely important in the business world. Advantages of company registrati...

Annual Filing Requirements for LLPs A limited liability partnership (LLP) is a form of business entity in which all of the partners have limited liability. Each partner is solely responsible for himself and is not accountable for the fault of the other partners. Corporations choose a Limited Liability Partnership (LLP). An LLP must keep its active status by filing all obligatory compliances with the Ministry of Corporate Affairs on a regular basis. This is required of all LLPs, whether or not they are operating a company. LLP Form 11 All LLPs must file Form 11 within 60 days from the closure of the financial year. There is a prescribed fee that needs to be paid. This form has the following details mentioned Total number of partners Total number of contributions received from all partners Details of body corporate as partners Summary of partners LLP Form 8 It is mandatory to file Form 8 within 30 days from the end of six months of the financial year. This form needs to be signed by 2 de...

  Many of us must have come across the term  Public Limited Company  through media, journals, newspapers or from other sources in our day to day life. This is not a new concept or terminology to give detailed intro since we are all aware of this term. A Public Ltd company almost has a legal designation of a limited liability company. This means that the Public limited company offers limited liability to the management and the owners. It raises an IPO (Initial Public Offering) and issues shares to the public. The shares of the Public limited company are traded in the stock market and can be possessed by anyone. Such offers are very much important from the company point of view since it helps in raising capital. Public limited company and its distinctive features: According to the Companies Act, 2013 A Public limited company has a separate legal entity. Such a business entity has a wide legal capacity to own property and incur debts. This is because the members that include...

  A Private Limited Company or an LLP. Choose what suits your business idea the best The difference between a private limited company and an LLP has always been a confusion among new business owners. Both these entities have almost similar kind of features, while they do differ in certain aspects. Few of the factors include: Registration Process The registration process to incorporate a private limited company involves the below steps Obtaining Digital Signature Certificate Obtaining Director Identification Number Name approval from MCA Incorporation of the company Registering an LLP also involves a similar process Obtaining Digital Signature Certificate Obtaining Director Identification Number Name approval from MCA Incorporation of the company   Registration Cost The registration cost incurred on an LLP by the government is much lesser when compared to that of a private limited company. Documents that have to be printed on the notarized and the non-judicial stamp paper in ca...

  aavana.in How to raise funds for a company When you start a business, you must also ensure that you have the proper funding option available. According to a recent study, most businesses fail due to a lack of funds. Raising funds for a new company involves various risks factors also. Fundraising  is nothing but seeking financial support to start a business or any charitable organization. Here are a few funding ideas that will be useful for your company. Crowdfunding Crowdfunding is one of the funding options available for a start-up that has been gaining a lot of popularity lately. Crowdfunding is nothing but taking a loan, pre-order, contribution, or investments from more than one single person at the same time.Detailed information of the business is put up on the  crowdfunding  platform. The company needs to mention the goals of their business, plans for making a profit, how much funds they require, etc. Customers will have access to all such information and fund...

  It is a separate legal entity and the partners are liable to their respective contribution. It has flexible management roles It is easier to form an LLP. Formation of an LLP only require the partners to fill out a registration form and file it with the local secretary of the state LLP does not have to pay tax as a separate business entity; however partners have to pay only their individual taxes. The cost involved in registering an LLP is comparatively lesser than that of a  Private Limited Company Transfer of ownership is easy. The ownership can be changed but changing the managing directors as LLP is a separate legal entity. There is no maximum limit of partners when it comes to incorporating your business as an LLP A minimum capital requirement is not needed to  register your firm as an LLP  The liability of members in respect in respect to the LLPs debt is limited. The personal assets remain of the members remain safe even if the company goes bankrupt. LLP ...

  The Registrar of Companies (ROC)   is an office under the Indian Ministry of Corporate Affairs. It mainly deals with the administration of the Companies Act, 2013. The Registrar of Company takes care of the  company registration  process (also known as incorporation) in India. This includes the complete reporting and regulation of companies and their directors and shareholders and also oversees government reporting of various matters including the annual filing of various documents. Foreign company- A  foreign company   is any company that is incorporated outside of India and has a place of business that is operating in India, whether by itself or through agents, physically or through an electronic mode. Basic Requirements For Registering A Foreign Subsidiary Company In India  Minimum two directors and two Shareholders.  At Least one director has to be an Indian resident.  One person has to be nominated by the Holding company who represents...

  Introduction Nidhi Company is a form of non-banking financial institution (NBFI) that is registered under the  Companies Act 2013 . It is involved in the business of borrowing and lending money to its members and works on the principle of mutual benefits by inculcating the habit of savings among its members. Nidhi Company can have member and director as the same person: Registration of Nidhi company  is an online process and it will be approved by the Ministry of corporate affairs in less than 20 working days. Nidhi company works as a finance bank by fulfilling the necessary terms and conditions set by the regulatory authority. As per the Nidhi rules, you can open only one branch in one district, after 3 years of profitable business you can open another branch in the same state. Nidhi company  gives only secured loans to its members and it accepts deposits in the form of saving deposits, recurring deposits, and fixed deposits. Regulations of Nidhi Company Nidhi com...

  About bookkeeping services:  Introduction How many times have you been told till today from the day or years you became the first business owner that you need bookkeeping services? I guess the answer is probably, “A lot”. Every person you meet either may be an advisor, partner or an associate will undoubtedly tell you to maintain bookkeeping which will help you in tracking companies finances. Do not ignore the advice given regarding bookkeeping services because it guarantees the security, power and success. If you do not have the facility then it might be a good time to start researching bookkeeping. It is a legal requirement for any business to maintain a book of accounts to ensure that all relevant taxes are paid & tax filings are made on time. What are bookkeeping services? Bookkeeping is the process of recording financial transactions of business in an accounting system and creates reports. Many small businesses who do not have complete accounting departments and req...