Company Registration: How to Get Company Registration in India?

How to get company registration in India? Registering your company below the right business structure is a significant decision. Find out the pros and cons of various structures.

Choosing the structure of the right company for your business is as significant as any other activity of business-related. The right business structure will allow your business to operate efficiently and meet your required business targets. In India, each business must register themselves as part of the compulsory judicial compliance. Before we learn how to register a company, let’s try and understand the kinds of business structures in India.

What are the Kinds of business structures in India?

Let’s try and know the kinds of business structures accessible in India. Here is a list of some of them:

1. One Person Company (OPC)

2. Limited Liability Partnership (LLP)

3. Private Limited Company Registration (PLC)

4. Public Limited Company (PLC)

How to choose the right business structure?

It is significant to choose your business structure carefully as your Income Tax Returns will depend on it. While registering your business, remember that each business structure has various levels of compliances that require to be reached with. For instance, a single owner has to file simply an income tax return. However, a company has to file an income tax return as well as yearly returns with the companies’ registration.

A accounts company’s books are to be mandatory examined every year. Enduring by these statutory compliances needs spending money on accountants, auditors and tax filing specialists. Therefore, it is important to decide the right business formation when thinking of company registration. A business person must have a clear opinion of the sort of legal compliances he/she is willing to deal with.

While some business structures are comparatively investor-friendly than others, investors will always fancy an acknowledged and legal business structure. For instance, an investor may hesitate to transfer money to a sole proprietor. On the other help, if a good business idea is supported by an acknowledged legal structure (like LLP, Company, etc.) the investors will be more comfortable investing.

How to choose a business structure while applying for company registration in India?

1. How many owners/partners will your business have?

2. Should your initial investment determine your business structure choice?

3. Willingness to bear the whole business liability

4. Income Tax Rates Applicable to businesses

5. Plans of getting money from investors

4. How to Register a Company with easy process in India?

Registering a company in India is now a simple 4-step process. Here is what you’ll need to acquire:

1. A  Digital Signature Certificate(DSC)

2. A Director Identification Number (DIN)

3.  Registration on the MCA Portal or New user registration

4.  Certificate of Incorporation

With this, we have covered the basics of how to register a company. If you still need help registering your company, don’t stress over it, and let our team of experts guide you.