Business Incorporation Archives

07 Jul

5 mistakes to avoid while starting your business

0 CommentsBusiness Incorporation

Starting your own business? That’s nice but before you too make mistakes that many other owner make in starting phase here’s my blog with 5 common mistakes to avoid with your new business to ensure smooth flow of your business. Not getting your business registered One of the biggest mistake businesses makes is not getting their firms registered just in order to avoid extra expenses. However, this cost much in long run. Not only you lose the chance of getting benefits from funding schemes, but you also can’t get FDI when unregistered and you don’t earn trust in the market…

28 Apr

Joint Venture Agreement – Who, Why, How, And What Are The Requirements

0 CommentsBusiness Incorporation

For an Indian company can partner with a Foreign Company, Joint Venture is the solution. This article will talk on the lines of eligibility criteria, power distribution, and taxations involved. Indian joint ventures usually comprise two or more individuals or companies, one of whom may be nonresident, who come together to form an Indian private or public limited company, holding agreed portions of its share capital. A joint venture agreement primarily provides rules by which the shareholders of the joint venture company may transfer or dispose of their shares. It is also commonly referred to as a shareholder’s agreement. Remember,…

26 Apr

Registered A Private Limited Company. What Next?

0 CommentsBusiness Incorporation, Compliances

Once you received the certificate of incorporation, it means, all legal formalities required for company registration is completed. There are certain Compliance required to be done after registering the Company. This blog intends to give you some clarity on the famous question 'Registered a private limited company. What next?' Listing down the mandatory legal and accounting compliance for a Private Limited company which are to be done within 100 days of registration. A) Filing Of Form INC-22 For Situation Of Registered Office Address Situation of registered office has to be intimated within 30 days from the date of incorporation…

25 Apr

What Are The Entity Options To Register A Business In India?

0 CommentsBusiness Incorporation

This article talks about different entity options to register a business in India, starting from advantages to regulations to costs are detailed out. Majorly, there are 5 types of entities that can be registered while starting up a new business, these are defined in Companies Act, 2013: Sole Proprietorship Partnership Firm One Person Company Limited Liability Partnership Private Limited Company Sole Proprietorship A sole proprietorship is a business that is owned and managed by a single person. It is very popular among the unorganized sector, particularly small traders and merchants. There is no such thing called registration, Proprietorship recognized by…

25 Apr

Registration Process For Shops And Establishments

0 CommentsBusiness Incorporation

Registration Process for Shops is governed by Shops and Establishments Act, enacted by every state in India to regulate conditions of work, and to provide for regulation of the employers and rights of the employees in un-organized sector of employment and other establishments. Procedure to get Shops and Establishments Registration done Firstly you need to apply for trade license by filling application form online/offline, and then you will get an acknowledgement letter which you need to submit back to the Labour department. After submission an inspection will be made at the place of business by Government authority, here the authority…

25 Apr

Foreign Citizens Planning To Incorporate A Private Limited Company In India

0 CommentsBusiness Incorporation, Compliances

Foreign direct investment up to 100% into a private limited company is under the automatic route, wherein no Central Government permission is required. Hence, incorporation of a private limited company as a wholly owned subsidiary of a foreign company or joint venture is allowed in India. This blog is pretty much written with an objective to bring in clarity on exactly what a foreign citizen planning to incorporate a Private Limited Company in India should know. Foreign Direct Investment (FDI) Into An Indian Private Limited Company: FDI is allowed up to 100% in most sectors. Only a very few sectors…

25 Apr

Plans To Start Your Branch Office In India? Learn What A Typical Branch Office Is Allowed To Do

0 CommentsBusiness Incorporation

Foreign companies setting up branch offices and liaison offices require prior approval of the Reserve Bank. In India, branch offices must be registered with the RoC of the respective Indian state. No approval of the Reserve Bank is required for foreign companies to establish branch offices/ units in SEZs to undertake manufacturing and service activities, subject to satisfaction of certain conditions. A branch office may enter into contracts on behalf of the non-resident parent company and may generate income. However, the activities of a branch office is restricted to representing the parent company, exporting/ importing goods, rendering professional or Guide…

24 Apr

3 Aspects To Keep In Mind Before Registering LLP

0 CommentsBusiness Incorporation

Entrepreneurs, in general like flexibility or rather I should say a mix of that and a mix of this, and while choosing an entity type to register their business expectations is no different. Today we will be looking into one such thing, choosing LLP as an entity for registering one’s business. The gist of this blog will be around the 3 aspects of LLP an entrepreneur should consider keeping in mind before registering one. LLP is, again, a mix and match of two entity types – Company and Partnership. To talk about the major distinguishing features or to put it…

24 Apr

Best Suited Entity Type For NRIs LLP Vs. Pvt Ltd

0 CommentsBusiness Incorporation

When it comes to NRI’s who want to start a business in India, the first thing they need to do is select the entity type for their company. Even though there are 5 major entity types in India an NRI will have to choose between LLP vs. Pvt Ltd. Now you may ask why an NRI cannot start the other 3 entity types? Here is the answer to that 1. Why NRI Cannot Start A Proprietorship Firm In India? A proprietorship firm is not a registered entity type in India. And only registered types of entities are allowed to receive…

24 Apr

Starting An Education Startup? Which One To Choose: A Society, Section 8, Trust, Or Private Limited?

0 CommentsBusiness Incorporation

Starting an education startup is a huge journey and it is not for the faint hearted. To keep your startup legal, there are a number of different structures you can choose from; And there comes the big question, which entity type should you choose for your education startup? Should you choose any one of the Non-Government Organization or a Private Company? Here in this article, we will be discussing about various entity types for an education startup and also what is the difference between a Society, a Section 8, a Trust or a Private Limited company? Trust, Societies and Section…