While starting up a company one has to decide which business organization they want to incorporate and carry on. The choice of business organization is very important to give shape to your business motive. Creating & structuring a business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts. The process of business model construction is part of Business Strategy. A Business Plan in its noun form is meant to be the creation of successful operation of a Business, Identifying Sources of Revenue, the intended Customer Base, Products and Details of Financing.
Success of any Enterprise depends on how one can organize & delegate to pursue & attain the desired goals & objectives. While selecting a Business Model, one must have an clear understanding about the different types of business structures, its merits and demerits. @ Companiesform the Advisory Team takes that extra effort in providing the right choice of selection to suit your Business Plans & Needs.
Proprietor / Proprietrix : ID Proof will constitute PAN card, Voter ID, Passport, Driving License. (Any Two of these along with PAN Card is mandatory.
Proprietor / Proprietrix: Address Proof of Proprietor (Voter ID, Passport, Driving License. (Any one of these).
Proof of the place of Operation (Business or Profession) – Rental Agreement and NOC from owner if Jointly Residing or Parents Owned Premises or Owned Premises Municipal Tax paid receipt if rented place.
A partnership is commonly formed where two or more people wish to come to together to form a business. Perhaps they have a common business idea that they wish to put to the test or have realized that their skills and talents compliment each others in such a way that they might make a good business team. Forming a partnership seems like the most logical option and, in some cases, it is.
Today India is marching towards global verdict. “Aache din aanewale hai” means good days are ahead. The re-voluntarily change in the Companies Act 1956 taking shape in to the New Companies Act 2013 is a landmark step taken by the Central Government of India.
The New Companies Act had been notified on 30th August’2013 @ the House of Parliament. The Act includes 29 chapters clubbing 470 sections and 7 schedules. The various sections have been introduced partially and periodically. There upon simultaneously, the company rules have been framed. Those are made applicable gradually.
Private limited company means a company registered under the Companies’ act 2013 or in any previous act and having a minimum paid-up share capital of one Lakh rupees or such higher paid-up share capital as may be prescribed. The number of share holders should be at least 2 but which should not exceed 200 and at least 2 directors should be appoint but which should not exceed 15 directors.
Till 31st March, 2014, if you wanted to set up a private company, you needed at least one other person because the law mandated a minimum of two shareholders. So, for the person wanting to venture alone, the only option was proprietorship, an onerous task since it is not legally recognized as a separate entity. The Act that aims to bring in sweeping changes in the corporate world has also opened the doors for the entrepreneur looking to set up a company all by himself. This has been made possible by bringing in the concept of One Person Company (OPC). Though this concept is new in India, it has been very popular abroad, including in Singapore, USA, even Europe. “Currently, it is a grey area, and only time will tell how well this works in India,”
The Companies’ act 2013 introduced the concept of one person companies which enables entrepreneurs carrying their business as sole proprietor form to enter in to a corporate framework. This concept is also widely approved in the Western Countries.
LLP is a body corporate and legal entity separate from its partners, have perpetual succession and any change in the partners of LLP shall not affect the existence, rights or liability of the LLP.
Limited Liability Partnership has been introduced in India by way of Limited Liability Partnership Act, 2008
Owing to the limited liability of partner, flexibility, low cost compliance and many more its became a beneficial platform for the small and medium entrepreneur to run their business in comparison with partnership business.
Limited Liability Partnership (LLP) is a new form of business where both Partnership and Corporation exists. Here the partnership is with limited liability. It is registered under LLP Act, 2008 and with Ministry of Corporate Affairs.