Consultants

What Process for Limited Liability Partnership Registration in Chennai?  "Call Our Business Plan Experts at +91-72999-72500" A Partnership Firm is a legal entity owned by two or more partners who are jointly responsible for the business and share profits & losses in equal ratios. Registered Partnership firms enjoy a wide range of benefits and are recognised as a separate legal entity. However, unregistered partnership firms are not eligible for these advantages and are susceptible to being sued by third parties, prone to tax liabilities & also lose out on investment opportunities. Due to the flexibility offered by LLPs and higher potential to attract investments, many partners are considering converting their existing partnership firms into a LLP.  A LLP offers the benefit of limited liability and has more organised structure for running the day-to-day business which makes it more attractive to investors. To convert a partnership firm into an ...

What Process for Partnership Registration in Chennai The process for Partnership Registration in Chennai is fairly simple and regulated by the Indian Partnership Act, Section 58. The process involves submitting application paperwork and fees to the Registrar of Firms/Department of Industries in your city/town, along with proof that you are a partner in the business (passport-sized photos for each partner, address proof, the latest water, electricity, or bank statement proving the ownership of the office, and the affidavit from all the partners confirming that they all agree on the name and details of the partnership). Once your application has been approved, the Registrar will enter the name of your partnership firm into their records, and will issue a certificate of registration. This certificate will serve as proof of your company's existence, and can be used for official purposes like banking, government transactions, etc. It is also necessary for you to obtain...

Who Can Apply For MSME Registration in India  "Call Our Business Plan Experts at +91-72999-72500" The MSME (Micro, Small and Medium Enterprises) Ministry is a part of the Government of India and it offers many offers and subsidies to entrepreneurs who are engaged in entrepreneurship. The Ministry provides financial support to the enterprises with priority sector lending, power tariff subsidies and capital investment subsidies along with local schemes and benefits. It also helps the MSMEs by reducing competition in government tenders and protects them from delayed payments. If you are an entrepreneur, you can register your business under the MSME category as per the Micro, Small and Medium Enterprises Development Act, 2006. The registration is not mandatory but it is beneficial for all entrepreneurs. After getting the certificate of MSMEregistration (Udyog Aadhaar), the business owners are eligible for various benefits from the government as well as banks. ...

How to Get GST Number for Proprietorship Company in India  "Call Our Business Plan Experts at +91-72999-72500" A GST registration application contains the details of the proprietor, authorised signatory, place of business, tax jurisdiction, and other relevant details. It must be filled out online and signed digitally with a DSC or e-signature using EVC. The application is then submitted to the GSTN portal. The GSTN will then display a success message and issue an Application Reference Number (ARN). This ARN can be used to track the status of the application. The ARN will also be sent to the e-mail address and mobile phone number of the applicant. If a sole proprietorship has a yearly turnover of over Rs 20 lakh, it is mandatory for them to register under GST. Similarly, service providers who supply goods within the same state and have a yearly turnover of over Rs 40 lakh are required to get  GSTregistration Process Consultant online .  GST is a unified tax reg...

Post Incorporation Compliance for a Private Limited Company in India "Call Our Business Plan Experts at +91-72999-72500" After the incorporation of a company in India, there are a lot of other compliances to be fulfilled for the smooth functioning and ease of doing business. These post-incorporation compliances include opening of bank account, appointment of auditor, issuance of share certificates and so on. All the above-mentioned compliances have to be fulfilled within a specific time limit as per the rules of the Companies Act, 2013. If anyone fails to comply with these regulations, then they will have to face heavy penalties or even imprisonment under the law. Hence, it is important to be well aware of these requirements for the better growth of your company. The first step of post-incorporation compliance for a Private Limited Company in India includes filing the Form INC-22A with the Registrar of Companies. This declaration must be filed by every co...

How Women Entrepreneurs Can Start Business in India? "Call Our Business Plan Experts at +91-72999-72500" Throughout history, women have made significant contributions to the economy. They have started businesses, innovated products and services, created jobs, and brought in new revenue streams for their families and communities. Nurturing entrepreneurship is key to economic development and social progress. However, Women entrepreneurs face unique challenges that prevent them from realizing their full potential. These obstacles include limited access to finance, balancing work and family, and social expectations. In 2022, India ranked 135th in the world for the gender gap in entrepreneurship, but winds of change are beginning to blow. Women entrepreneurs are making a big impact on the country's business landscape with their grit and determination. Here are a few of their stories. Richa Kar was born into a conservative family in Jamshedpur and pu...

How Can a NRI Register a Business in India? "Call Our Business Plan Experts at +91-72999-72500" As a leading emerging economy, India is attracting a lot of investments from NRIs, Foreign Nationals and Foreign Companies. The country is slated to grow exponentially in the coming decades and is a very lucrative investment destination. A number of NRIs and Foreign Nationals have been investing in various sectors of the country, including financial services, IT, pharma and FMCG. With the ease of doing business and faster approval processes, NRIs have been able to establish businesses in the country at a much easier rate than before. In this context, the government has also formulated several policies like 'Make in India' to encourage more and more businesses to come up in the country. This has helped create more employment opportunities in the country as well. NRIs and Foreign Nationals can start a private limited company or an LLP as per the requir...

What is the difference between an OPC company and Proprietorship Company? "Call Our Business Plan Experts at +91-72999-72500" If you are thinking of setting up a business, it is important to understand the difference between an OPC and a Proprietorship. This will help you decide which type of business to register for, which will suit your needs and provide benefits like limited liability. An   difference between OPC and Proprietorship   Incorporating an OPC makes the business a separate legal entity, with its own assets and debt.   A sole proprietorship is the simplest form of business ownership where one individual operates and owns the business. This provides complete control and decision-making to the owner, as well as unlimited profits. However, the downside to a sole proprietorship is the fact that the owner assumes all debt and liabilities of the business and can lose his/her personal assets in case the business experiences a loss. The One Pers...

What Are the Differences Between an LLP Company and Partnership "Call Our Business Plan Experts at +91-72999-72500" One of the major decisions business owners have to make as they start up their businesses is what kind of entity they want to form. There are pros and cons to all kinds of entities, so a business owner needs to look at the whole picture when making this decision. The main difference between an LLPand a partnership is that with an LLP, the partners have limited liability. This means that they are not personally responsible for the actions of other partners in the LLP, or for the debts and obligations of the LLP as a whole. This is a good feature for professional business owners, such as lawyers, accountants, doctors, and other service providers. Another difference is that with an LLP, there are more options for management structure. Partners can manage the entity themselves (commonly referred to as member management) or they can choos...

How to Form a LLP Company in India "Call Our Business Plan Experts at +91-72999-72500" An LLP is a hybrid business structure that combines the flexibility of a partnership with the limited liability protections of a corporation. This means that if the business fails, the owners' personal assets are not at risk. However, this liability protection does not extend to situations where an owner injures someone, commits fraud, personally guarantees a bank loan on which the business defaults, or otherwise fails to act legally or keep their personal and business affairs completely separate. There is no lower limit on the number of owners of an LLP , as opposed to the minimum requirement of two partners for a partnership firm. This allows for maximum growth and a more diverse management team. Another benefit of an LLP is that the profits are taxed individually rather than as a corporate entity, so you can retain more of your hard-earned money. However,...

Benefits of Private Limited Company Registration in Online "Call Our Business Plan Experts at +91-72999-72500" Creating and starting up a new business is one of the most exciting, scary, yet challenging endeavors. There are various things to consider, from the type of business to the structure of the company. The latter has a huge impact on how taxes will be paid, paperwork required and personal liability of the founders. There are several ways to structure a business and amongst the most popular ones are a sole proprietorship, partnership, and private limited. In addition to this, a  PrivateLimited Company Consultant  has more credibility in the market as it is registered with the Ministry of Corporate Affairs (MCA).  Among the many structures, a private limited company offers the most benefits. It has the potential to separate the personal assets of its directors and shareholders from its debts and liabilities. As such, it is a preferred structure for...

Trademark Registration Process Online in Bangalore "Call Our Business Plan Experts at +91-72999-72500" Trademark registration is an important aspect of a business. It protects your brand name, logo and other elements that are associated with your business. The process can be complex, and it's a good idea to hire an experienced trademark attorney. This will help ensure that your application is filed correctly and that you have the best chance of registering your trademark. The  process of trademark registration Consultant online  can take from 18 to 24 months, assuming that the mark passes its examination and doesn't face any objections. The process can be more complicated if the mark is opposed by a third party, or if there are any errors in the application. In such cases, the mark may be rejected and you will have to submit a reply in order to get it registered. In India, a trademark is a word sign, design, label, numerals or combination o...

GST Registration Process Online in Chennai GST registration process online is one of the most important processes a business has to undergo. It ensures that the tax is paid by every party involved in the transaction. However, the procedure is lengthy and confusing for most businessmen due to complex rules and procedures. It is even more difficult for small-scale businessmen to file and adhere to the new laws. To help you understand the new laws, we have compiled this article to answer all your queries related to GST registration online in Chennai. The GST registration process is similar across the country. In general, the process involves submitting a form along with payment of stamp duty and registration charges to the sub-registrar. The form must be filled out correctly with all the necessary details including the district, sub-registrar's office, payment details, party details and property value. Once the application is submitted, it will be verified by a prope...

Roc Annual Filings Process Online in Bangalore   Our services include doing the book-keeping, preparing and finalising the accounts for an entire year, getting them audited and finally compiling and filing all the forms like Form 11, Form 8 and income tax returns. Depending on the scope of work, charges would vary. The companies are required to file their annual financial statements, i.e. Profit & Loss Account and Balance Sheet, with the Registrar of Companies (RoC) every year. The first company annual filing is due within 18 months of incorporation and the subsequent one is due within 9 months of financial year end. All one person companies are required to file their annual return along with the profit and loss account, balance sheet, and director report in MCA Form MGT-7. If the company doesn't file its returns, it will be penalised with a late fee of Rs. 100 per day of non-filing. We do all the filings before the ROC , Reserve bank and MCA a...

GST Filing Process Online in Bangalore Goods and Services Tax, or GST, was introduced by the Indian government on July 1, 2017. It is a comprehensive tax that consolidates multiple types of state-level taxes such as luxury tax, entertainment tax, and VAT into a single tax. The aim of the GST is to reduce the complexity of India's tax system and make it more consumer-friendly. It is also making it easier for companies to file GST returns online. Anyone whose annual turnover exceeds 20 lakh rupees is required to register for GST, but there are some exceptions. For example, casual taxpayers and non-resident taxable persons can obtain registration on a temporary basis. They will be issued a 15-digit identification number and can upload all their invoices on the GST portal. They will be able to claim credit for all the taxes they've paid on purchases, and they'll also be able to collect tax from customers. The process of filing GST returns online is quick...