Saturday, January 18, 2014

How to Start a Business in India


How to Start a Business in India?


In India, we have four main types of business structures that can be formed:


Ø Sole Proprietorship (if only one person)

Ø One Person Company

Ø  Partnership   (if more than one person)

Ø  Limited Liability Partnership (LLP) (if more than one person and have legal entity)

Ø   Company –  (if more than one person and have a Corporate legal entity)

                                                                 I.     Private Company

                                                              II.     Public Company

  
Sole Proprietorship

Sole Proprietorship is the simplest form of conducting business, where the business is done in one’s individual name. The sole proprietorship name can be one’s personal name or any unique name without restrictions.

One Person Company
The recently enacted Companies Act 2013 has introduced us to a new form of business organisation in the country, viz., One Person Company (OPC). Though as a concept it may be new to India, this type of entity is prevalent in other parts of the world like the US, China, Singapore and some European countries. Person Company is defined in The Companies Act, 2013, which reads as follows:
‘One Person Company means a company which has only one member’
  
 Partnership Firm:

 Partnership firm is the easiest form of business structure. Two or More Person can choose to form a partnership by signing a partnership deed. (Contract or agreement to become partners). More than one Person is needed to form a partnership.


Private Company Registration

A 'Private Company' is a limited company formed with minimum of 2 members and 2 Directors. The maximum number of members in a private company is restricted to 50 (Now 200). The name of the company should end with the words 'Private Limited'. A 'Private Company' is an incorporated business entity registered under the Companies Act, 1956.

Public Company Registration

A 'Public Company' is an incorporated business entity registered under the Companies Act, 1956 which has huge capital investment from a large base of shareholders. Large-sized businesses and/or stock exchange listed entities are incorporated as public companies which is wider than a private limited company

L L P Registration

A Limited Liability Partnership (LLP) is an incorporated business form that combines the features of a partnership and the company form of businesses. The LLP form of organization was introduced in India by the Limited Liability Partnership Act, 2008






Corporate Solutions World Ahead
              Management, Tax, and Corporate Consultants

OUR HISTORY

We started our journey in professional consultancy service since 1990. Our founder started his professional carrier as sales and income tax consultant. After the glorious success Without Imitating others in this field we moved to other professional services Like Management and Corporate etc. Now we became one of the leading corporate, management and tax consultant.
CONTACT US
Our Address
II ND FLLOR, N.T.A. Complex,
Mini Bye Pass Road, Near Mankave Bridge,
Calicut-673007,
Phone:   (+91)   7558 02  71  40   ,9567  49  43  97,
E mail :cacsworld1990@gmail.com


ABOUT US:

Corporate Solutions World Ahead provides fast, accurate and cost less A to Z Business and Tax solution, ( under Single Roof ) We have a dedicated and experienced Professional team & We provide you : -


BUSINESS STARTUP SERVICES LIKE

1.      Registration (Incorporation of Company) of Company:

2.      Formation of Public Limited company,

3.      Formation of Private Limited company ,

4.      Formation of One Person Company,

5.      Formation of LLP (Limited Liability Partnership).

6.      Registration  of Sole Proprieter Ship,

7.      Registration  of Partnership Firm,

8.      Registration  of Society, Trust ,E.T.C..


LEGAL REGISTRATIONS:

1.      Registration for K.V.A.T (Sales Tax/Tin Number),
2.      Registration for  Service Tax,
3.      Registration for  P.A.N,  T.A.N,
4.      Registration for  Import and Expoer License,
5.      Registration for Shop And Establishment.Etc.
6.      Registration of Trademark, Copy Right, Patent


BANK RELATD WORKS

1.      Charge Creation (On bank loan-Form 8 )
2.      Charge Satisfaction
3.      Bank Search and Status Report,
4.      Due Diligence Report Etc
5.      Bank Project Report

VALUE ADDED SERVICES:

1.      Business Advice,
2.      Financial Planning and Tax Planning Services,
3.      Project Reports ,Banks Reports And Estimation
4.      Representation To Various Departments
5.      Drafting Of Deeds , Agreements, Resolutions 

ACCOUNTS RELATED WORK

1.      Accounts Preparation/Accounts Out Sourcing ,
2.      Internal Audit,
3.      Accounts Finalisation

TAX MATTER

1.      Computation and Preparation of Income Tax,
2.      Computation and Preparation of Sales Tax, Etc.
3.      Computation and Preparation of  Service Tax, Luxury Tax, T.D.S, Excise And Customs
4.      E- Filing Of Income Tax,
5.      E- Filing Of  Sales Tax, Service Tax, Luxury Tax, T.D.S, Excise And Customs

ROC RELATED

1)            E Filing With Registrar of Companies ,
2)            Drafting Of Deeds , Agreements, Resolutions 
3)            Annual Filing,
4)            X.B.R.L
5)            Share Transfer, Transmission
  
FOREIGN INVESTMENT

1.      Foreign Exchange, Investment and Other Compliances Works.

2.      Joint Venture.

LABOUR LAW RELATD WORKS
 1.      Labour Laws,
2.      E.S.I, P.F.etc.

OTHER WORKS.

1.      Digital Signature 

2.      Arbitration works etc.

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