Start A Business

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.

Proprietorship

  • Simple, Easy formation & Hassle Free Operation due to Single Person Constitution
  • Unlimited Personal Liability
  • Exclusive Ownership Rights.
  • No need to file additional Business Tax Report.
  • Solo Decision Maker & ample scope for taking Quick Decisions as per business requirements
  • 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.
  • Passport Size Photos – 2 No.’s
  • Questionnaire.
  • Shops & Establishment Registration
  • Bank Referrals

    • Partnership

    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.
  • Minimum no. of Partners required for formation – 2 No.’s
  • Most Popular & Thought over form of Business Formations
  • Easy & Fast to create with indicatives on Partnership Roles
  • Shared Responsibility
  • Flexibility in Operations
  • More Decision Making Power
  • Wider Reach & Broader Thought
  • No Approval required for choosing the name
  • Attains Tax Audit only the Turnover reaches INR 20 million
  • Unlimited Liability
  • All Partners ID Proof -PAN card, Voter ID, Passport, Driving License (Any one of these along with PAN Card Mandatory).
  • All Partners Address Proof: Voter ID, Passport, Driving License. (Any one of these).
  • Proof of the Business / Profession Operation – Rental agreement and NOC from owner if rented place Tax paid receipt in case of own premises.
  • Passport Size Photos – 3 No.’s
  • Questionnaire.
  • Customized Structuring of the Partnership related to Business Operations & Partners intricacy
  • Partnership Firm Registration
  • Partnership Firm PAN Card
  • Referral Support in Opening Bank Current Account

    • Private Limited Company

    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.
  • Greater stability and Separate Legal Entity.
  • Benefits of Limited Liability.
  • Entry Door for Foreign nationals to be directors of the entity.
  • Projects High creditworthiness as a separate legal entity
  • Highly recommended for businesses looking for overseas business or seek to gain traction with Investors/Venture capital/Angel Investor.
  • Employee Shareholders
  • Management & Control
  • Dilution of Powers
  • ID proof of Directors (PAN card, Voter ID, Passport, Driving License. (Any one of these).
  • Address Proof of Directors (Voter ID, Passport, Driving 4). License. (Any one of these).
  • Proof of the place of operation – Rental agreement and NOC from owner if rented place Tax paid receipt if the premises is owned
  • Passport sizePhotos-4no.s
  • Questionnaire.
  • Digital Signature for 2 years .
  • Directors Identification Number
  • Approved company name.
  • Incorporation Certificate.
  • PAN and TAN number.
  • 1 month complementary consultation for accounting and taxation.
  • Referral Support in opening current account.

    • One Person Company

    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.
  • Minimum 1 Shareholder
  • Minimum 1 Director
  • The director and shareholder can be same person
  • Minimum 1 Nominee
  • Minimum Share Capital shall be Rs. 1 Lac (INR One Lac)
  • Letters ‘OPC’ to be suffixed with the name of OPCs to distinguish it from other companies
  • OPC treated as separate legal entity thus included under the definition of Pvt. Ltd. Co.
  • Complete control of the company with the single owner.
  • Organized Sector of Proprietorship Company
  • Limited Liability Protection to Shareholders & Directors
  • Perpetual Succession
  • Adequate Safeguards
  • Suitability for Small Business
  • Directors ID Proof : PAN card, Voter ID, Passport, Driving License. (Any one of these along with PAN Card mandatory).
  • Directors Address Proof : Voter ID, Passport, Driving License. (Any one of these).
  • Proof of the place of Business Operation – Rental Agreement and NOC from owner if rented place Muncipal Tax paid receipt if the premises is owned
  • Passport Size Photos – 4 No.s
  • Questionnaire
  • Digital Signature Certificate for 2 years
  • Directors Identification Number
  • Approval of Company Name.
  • Registration Certificate.
  • PAN
  • Referral Support in opening current account

    • Limited Liability Partnership

    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.
  • No requirement of minimum contribution.
  • Lower Registration Cost.
  • Compliance requirements are moderate compared to Pvt. Ltd.
  • ID proof of Partners (PAN card, Voter ID, Passport, Driving License. (Any one of these along with PAN Card Mandatory).
  • Address Proof of Partners (Voter ID, Passport, Driving License. (Any one of these).
  • Proof of the place of operation – Rental agreement and NOC from owner if rented place Muncipal Tax Paid Receipt if the premises is owned.
  • Passport Size Photos – 3 No.’s.
  • Questionnaire
  • Digital Signature Certificate for 2 years
  • Directors Identification Number
  • Approval of Company Name.
  • Registration Certificate.
  • PAN & TAN
  • Referral Support in opening current account