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  AAVANA.IN Although some large firms are private companies, most private limited companies (Ltds) are small to medium-sized organizations. A private limited company is one that is owned by shareholders who have been approved by the other owners; it is often a family business. A private limited company’s profits are occasionally distributed to its shareholders as dividends, but they are also sometimes reinvested back into the company. The primary goals of a private limited business are to increase revenue and profit so that shareholders can get a good return on their investment. Many private limited companies will seek to expand their business by opening new locations, producing a greater range of products, or hiring more people. When a company grows large enough, it may decide to “go public” and become a public limited company. Why are they referred to as limited liability companies? Limited firms get their name from the fact that their owners have limited liability, which implies...

  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 registration COMPANY RECOGNITION : Your compa...

  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...

  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 ...

  A company   is a legal entity that is formed by a group of people who engage themselves in the operation of a business. The line of business that the company chooses will determine the type of entity that the business will choose. Company registration  is the registration of the organization under the jurisdiction they operate. Depending on the nature of your business, your company can be owned by a single person or a group of people. If you’re running a business which does not have an identity, there is a high chance of you as an owner, losing the unique name of your business to a person who has already got his company registered. You won’t be able to legally sue the person for this act. Company Registration will avoid such situations and also serves as an authentic proof for your business. Are you all set to start your next business venture?   Company Registration  can be a stressful task. However, registering your company legally will avoid unpleasant situa...

  What is bookkeeping? Bookkeeping requires a lot of accuracies. It is the process of keeping a record of the day-to-day  financial transactions  of your business.  Bookkeeping  ensures that the financial transactions of your business are easy to comprehend and up-to-date. Tasks involved in bookkeeping Bookkeeping ensures keeping track of the numbers involved in a business in an organized way. It is useful for individuals and non-profit organizations as well. Below are a few mentioned transactions that need to be mentioned by a bookkeeper Loan payments Expense payments to suppliers Financial report generation Customer payment invoices Monitoring asset payments The importance of bookkeeping Thorough bookkeeping is important for businesses of all sizes. As easy as it seems to be, bookkeeping becomes a complicated task when tax, assets, loans and investments are introduced. Tracking financial activities of a business is the most crucial role of a bookkeeping servic...

  Bookkeeping is the first and most important step in the process of accounting. All financial data including wages and all other transactions are compiled and made into easily readable reports. There are many advantages to having a good bookkeeper. A few of them have been listed down below. Up to date detailed records A professional bookkeeper will always keep the records of the business up to date. This systematic order will be of great assistance for the supervision of your business and also speeds up the auditing process. Comply with the law A good bookkeeping service will make sure they comply with the latest legal regulations and ensure that the accounts are kept up to date with any latest legal changes that are made. You can also rely on your bookkeeper to clear any mistakes. Plan for the future With good bookkeeping services on your side, you can plan better for your future. When your accounts are accurate ad up to date, you can solve financial issues quickly and plan for g...

  The LLP form of partnership is often found in firms where liability is a big issue. Such kinds of firms include medical practices, law offices and accounting firms. In this type of partnership, the individual partner is not responsible for the malpractices of the other partner. ID proof (PAN card) Address proof (utility bills, election ID, Aadhaar card, driving license) Passport size photo To get your office registered (NOC from the owner/utility bills/rental agreement/registry proof/ house tax receipt https://aavana.in/blog/documents-required-to-register-your-llp-firm/

  Introduction: Section 12 & 13 of the companies act 2013 and incorporation rules 2014 states the law regarding having a registered office and shifting of the registered office of the company. The following are the provisions relating to shifting of registered office from one state to another; RO is an official office address of the company, where all the official letters will be sent by regulatory authorities or non-regulatory bodies. Shifting of RO from one state to another requires approval from the shareholders, Regional director, and much intimation.   Steps to follow to shift you RO from one state to another: Hold board meeting As per the provisions of SS-1 and companies act 2013, covey the board meeting For shifting of RO consider the proposal Alter the MOA of company Approve the notice of conducting the extraordinary general meeting Move the application to regional director Covey extraordinary general meeting Pass a special resolution at an extraordinary general me...