Company Registration in Chennai

What Process for Limited Liability Partnership Registration in Chennai?  "Call Our Business Plan Experts at +91-72999-72500" Chennai is a business-friendly city with investor-friendly policies, an efficient regulatory framework and a well-developed infrastructure. This helps in attracting foreign investment, promoting industrial growth and generating employment opportunities. Aside from this, Chennai has a large number of research and development centres which further contribute to the city's economy. However, a few issues can be faced by entrepreneurs while setting up their businesses in Chennai. This article will outline the procedure for converting a partnership firm into a LLP in Chennai. The partners of the original partnership firm must give consent for converting it into an Limited Liability Partnership Consultant . Aside from this, the LLP must be registered under the Partnership Act 1932. Also, the LLP should have a distinctive name that is not...

Process for Partnership Registration in Chennai  "Call Our Business Plan Experts at +91-72999-72500"   A partnership firm is a business entity formed through the mutual agreement between two or more persons to carry on a trade, occupation, or profession. This agreement can be either oral or written, but a formal and signed partnership deed is required for registering the partnership firm. In order to register a partnershipfirm , the partners need to submit a copy of the deed and other necessary documents to the registrar office along with the required fees and stamp duties. The registrar will verify the documents and then issue a certificate of registration to the partnership firm. Once the registration is complete, the firm can begin operating. The partnership deed should include details such as the date of the establishment of the business, the name and address of the registered office, the capital contributions made by each partner, and the ...

Who Can Apply For MSME Registration in India MSME Registration is a government initiative to support entrepreneurs in the manufacturing sector. It provides them with a range of offers and benefits including priority sector lending, power tariff subsidies, capital investment subsidies, and more. In order to avail these offers, it is mandatory for enterprises to register themselves with the MSME Department. Any manufacturing or service-oriented business can apply for  MSME registration Consultant in Chennai .  The MSME Act was enacted in 2006 to promote, facilitate and develop the competitiveness of small and medium enterprises. This initiative has made it easier for businesses to get registered in the MSME category. In order to determine whether a business is eligible for the MSME category, there are specific criteria such as turnover and investments that need to be met by the enterprise. Apart from these criteria, there are certain other documents that need to be...

How to Get GST Number for Proprietorship Company In India  "Call Our Business Plan Experts at +91-72999-72500" GST (Goods and Services Tax) is a single indirect tax that replaced various state and central taxes including service tax, excise duty, value-added tax, entertainment tax, and CST. The unified GST regime is expected to make the country less tax-burdened and boost the overall economy by bringing in more investment, creating jobs, and encouraging growth. To comply with the new GST laws, all businesses must enroll for it and obtain a unique GSTN number from the government to identify themselves. To apply for a GST registration Consultant , the sole proprietor must provide a valid PAN card, Aadhaar number, and address proof. The GSTN number will be generated online, so it is important to have all these documents ready before starting the process. Once registered, the business will have to file monthly returns and pay taxes. Failure to do so will ...

Post Incorporation Compliance for a Private Limited Company in India If you have incorporated a Pvt Ltd Company, there are certain mandatory compliances that must be fulfilled by the entity. Non-compliance can lead to heavy penalties. This article explains the post incorporation compliances for a Pvt Ltd Company in India. One of the most important post incorporation compliances is to obtain a Permanent Account Number (PAN) and Tax Account Number (TAN).    The process of registering a Private Limited Company is relatively simple, but once done there are a number of compliances that need to be catered to.   You can apply for PAN and TAN by filing form INC-32 or SPICe or online. It is essential for the company to have a bank account opened in its name within 30 days of incorporation. You can open the account by submitting the following documents to the bank: Section 173(1) mandates that every company must conduct its first board meeting within 30 days of its in...

How Women Entrepreneurs Can Start Business in India? "Call Our Business Plan Experts at +91-72999-72500" The word 'entrepreneur' is generally associated with men, but women have been breaking all stereotypes to become successful entrepreneurs. With the growing support of the government and the industry, women have been able to rise above gender discrimination and social taboos to start businesses of their own. These female entrepreneurs have defied norms, taken risks and struggled hard to achieve success. Their story of grit and determination inspires many others to follow their footsteps. Falguni Nayar is one of the most accomplished Women entrepreneurs in India who has built a business empire. She grew up watching her father run a small business and was determined to be an entrepreneur herself. She started her career with a small firm and now has several companies under her belt including a few unicorns. Her exemplary work has received several ac...

How Can a NRI Register a Business in India? NRIs and foreign nationals are one of the largest contributors to the Indian economy. They bring with them skills, technology and a global perspective. They are also an important source of investment for the Indian economy. The government supports their efforts and encourages them. It does so by providing a number of schemes and incentives for investments in India including subsidized rates of electricity, free land for promising ventures and tax exemption for some period. NRI means  Non-Resident Indian .  Notwithstanding these perks, it is important to note that there are some strict guidelines that have to be followed while setting up a business in India. The guidelines are mainly governed by FEMA (Foreign Exchange Management Act) and the Income Tax Act. A double tax avoidance agreement (DTAA) is a necessary part of the entire process to prevent taxes from being paid twice on the same income. There are a number of way...

What is the difference between an OPC company and Proprietorship Company? "Call Our Business Plan Experts at +91-72999-72500" One Person Company is a special type of private limited company that can be set up by only one shareholder or director (a private company can have up to 50 shareholders). It's a separate legal entity and can take on debt, own assets, and conduct business in its own name. It also offers limited liability to the shareholder or director, which means that his or her personal assets are protected in case the business incurs losses. An   difference between OPC and Proprietorship   Incorporating an OPC makes the business a separate legal entity, with its own assets and debt.  A One Person Company can be registered by any individual who has a creative business idea and is looking for venture capital funding, outside investment, long-term growth, and the benefits of limited liability. However, the key difference between an OPC and a ...

What Are the Differences between an LLP and a Partnership "Call Our Business Plan Experts at +91-72999-72500" The key difference is the level of liability protection. If an LLP is formed as a business entity, its owners are not personally liable for the company's debts or claims against the firm. This is an advantage over general partnerships, which make all partners liable for the firm's financial obligations. Additionally, if an LLP decides to expand into another state, it's important to understand how that state may treat the company. Some states have laws that specifically limit the type of businesses that can form as an LLP. This may have a direct impact on its tax status. One important difference between a partnership and an LLP is that LLPs require partners to agree to a management structure that specifies roles and decision-making for the firm. For example, the LLP may decide to have one partner designated as a silent partner. T...

How to Form a LLP Company in India "Call Our Business Plan Experts at +91-72999-72500" An LLP is a type of partnership where the owners' personal assets are not at risk in case the business runs into trouble. This gives the partners a peace of mind and a sense of security, making this structure a popular choice for professionals like lawyers, doctors, architects, and more. However, this doesn't mean that the partners don't have to take any responsibility — the law is clear that they must follow all the regulations and maintain compliance. The process of registering an LLP is relatively straightforward and can be completed online. The first step is to apply for a DIN (Director Identification Number) for the proposed partners of the new LLP. Then, the applicants must submit a proof of address and a photograph of each partner. Once all the requirements have been met, an LLP must file its registration application to the state registrar th...

Benefits of Private Limited Company Registration in Online India "Call Our Business Plan Experts at +91-72999-72500" Company registration brings various benefits to the owner / partner, it increases credibility of business and makes it easier for them to raise funds from outside sources and loans from banks. It also allows them to file government tenders. In addition, the company has a separate legal existence that means they have a distinct identity unlike proprietorship concerns and partnership firms. One of the main reasons for private limited company registration is that it offers the benefit of limited liability. In case of any business crisis, the personal assets of directors and shareholders are protected as they are only liable for the amount of money they have invested in the company. It is also easy to transfer the shares of a private limited company as opposed to an LLP and other companies where the ownership is restricted. Another advan...

Trademark Registration Process Online in Bangalore "Call Our Business Plan Experts at +91-72999-72500" Trademark registration is one of the most important things that you can do for your business. It gives you the legal right to use your trademark and protects your brand name from getting diluted by similar or competing businesses. Moreover, a registered trademark can be easily identified by customers and helps to build trust. So, if you are planning to start a business or have already established your business then it is high time that you get your trademark registered. The process of trademark registration Consultant online in Bangalore starts with conducting a search on the trademark database to see whether the proposed mark is already in use or has been filed for. It is advisable to seek the services of a licensed trademark attorney for conducting this search. However, if you do not wish to hire a trademark attorney then you can also perform the se...

GST Registration Process Online in Chennai Getting GST registration is mandatory if your sales exceed the threshold limit. It is also required if you want to take up government contracts. However, it is advisable to get GST registration even if you are below the threshold limit as it helps in keeping track of your input tax credit and reduces business cost. The process of registering a GST dealer can be done online by visiting the official website of the GST portal. Once you have opened the GST portal, click on the 'search taxpayer' tab on the homepage to find the option to register yourself. Once you have clicked on the option, follow the on-screen instructions to fill in all the necessary details. Once you have filled in all the necessary information, you will be asked to upload some documents to verify your identity. Uploading all the required documents is essential as it helps in ensuring that you are a genuine dealer. Once all the documents are uplo...

ROC Annual Filings PROCess Online in Bangalore The ROC annual filings pROCess online in Bangalore is a mandatory compliance that every Limited Liability Partnership must adhere to. It includes preparing financial records, statements of accounts, inventories and statements of COGS and end products as well. Moreover, the accounting is done for all income and expenditure. We help in the book-keeping for the year and completing it with reconciliations and finalisation to make it ready for filing to ROC. It is also necessary for LLPs to have their accounts audited by an accredited Chartered Accountant once their turnover crosses Rs. 40 lakh or contribution crosses Rs. 25 lakh. Once the duly stamped Memorandum of Association and Articles of Association, required documents, forms and fees are filed with the ROC, the company is issued a Certificate of Incorporation. A private company  can commence its business immediately upon receiving this, while a public company cannot s...