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Showing posts from July, 2023

What Process for Partnership Registration in Chennai

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What Process for Partnership Registration in Chennai  "Call Our Business Plan Experts at +91-72999-72500" The most common form of business is a partnership firm, which allows multiple people to share profits and losses through a contract. While it is not mandatory to register a partnership firm in India, it is advisable for them to do so to protect their interests and avoid legal disputes. To register a partnership firm in India, the partners need to draft and sign a partnership deed which will contain all the terms agreed by them, including profit/loss sharing ratio, conditions for admission of new partners, capital contribution, rate of interest on investment by non-working partners, etc. The partnership deed is then filed with the registrar of firms in the city/town where the business is located along with an application and requisite stamp duty. Once the registration is complete, the registrar will enter the name of the firm in his records and issu...

Who Can Apply For MSME Registration in India

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Who Can Apply For MSME Registration in India  "Call Our Business Plan Experts at +91-72999-72500" The entrepreneurial culture in India has seen a great boom over the past few years. This has paved the way for businesses of all sizes to grow and thrive. To support the growth of this sector, the government has introduced various schemes and offers that help MSMEs in their journey towards success and prosperity. One such initiative is MSME registration, which helps enterprises avail multiple benefits such as loans at lower interest rates, access to credit facilities, government service privileges and tax rebates. So, who can apply for MSME Registration or Udyog Aadhaar? Any business entity that meets the defined turnover and investment limits can get registered under the MSME Act. This includes limited liability partnerships (LLP), public and private limited companies, Hindu Undivided Family, Partnership firms, Co-operative Societies, Association of Persons and o...

How to Get GST Number for Sole Proprietorship Company in India

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How to Get GST Number for Sole Proprietorship Company in India  "Call Our Business Plan Experts at +91-72999-72500" The new GST regime has unified all indirect taxes in the country. This includes service tax, excise duty, value-added tax, entertainment tax and central sales tax into a single system. This has made the entire nation a common market with one set of rules and regulations. For this reason, every business organization is required to register themselves under the new GST laws and get a unique identifier number known as GSTIN. The purpose of this article is to show you how to get a gst number for a proprietorship company in India. The application  The first step is to apply for a  GST registration Proprietorship Process Consultant online  sole proprietorship under GST is simple and easy. You will need to fill up Form GST REG-01 with all the necessary details about your business. This will include your address, name, PAN card and any other i...

What Are the Post Incorporation Compliance For a Private Limited Company in India?

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What Are the Post Incorporation Compliance for a Private Limited Company in India? "Call Our Business Plan Experts at +91-72999-72500" Incorporating a new private limited company offers many advantages to entrepreneurs like gaining credibility, raising funds and scaling up over time. However, registering a business does not mean that all the legal tasks are complete as there are several other statutory compliances that must be fulfilled post-incorporation. Failure to fulfil these statutory compliances could result in fines, penalties and even closure of the company by the Ministry of Corporate Affairs. The post-incorporation compliance for a  Private Limited Company  are varied and encompass all aspects of the company from its official registered office address to filings with the MCA.  The most important task after getting the incorporation certificate is to open a bank account in the name of the company. This is a mandatory compliance to ensure that th...

How Women Entrepreneurs Can Start Business in India

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How Women Entrepreneurs Can Start Business in India "Call Our Business Plan Experts at +91-72999-72500" A growing number of women in India are opting for entrepreneurship as their main source of income. This can be attributed to the rise of e-commerce which provides flexible working options. Moreover, many women find it difficult to reconcile their personal and professional life in a traditional office job. In contrast, a micro-business can give them the freedom to follow their passion and pursue their dreams. Many women entrepreneurs who run their own business have a strong sense of social responsibility and contribute to their communities. They also find the experience empowering and gratifying as they are their own bosses. However, a lack of funding and other constraints may limit their growth. In addition, the gender gaps in education, vocational and technical skills and work experiences are a major obstacle to starting a new business. The good new...

How Can a NRI Register a Business in India?

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How Can a NRI Register a Business in India? "Call Our Business Plan Experts at +91-72999-72500" Buying property in India has been very lucrative for NRIs due to favourable currency rates. However, there are certain guidelines that need to be followed by NRIs if they want to invest in real estate. The same goes for setting up a business. The Indian economy is growing at a rapid pace and NRIs are keen on registering businesses in the country. There are many online services that offer assistance to NRI s in setting up their businesses. FilingPoint is one such popular service that helps NRIs with the entire process of incorporating a sole proprietorship company in India. Other services like FilingPoint are also gaining popularity amongst NRIs as they help in completing all the legal documentation, opening bank accounts and filing taxes. NRIs must make sure that they are following all the rules and regulations of the country before deciding to register thei...

What is the difference between an OPC company and Proprietorship Company?

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What is the difference between an OPC company and Proprietorship Company? "Call Our Business Plan Experts at +91-72999-72500" As an entrepreneur, it is important for you to consider the type of business structure that will best suit your goals and objectives.  While there are many options available, the most common ones include a Sole Proprietorship and a One-person Company (OPC) . These two structures seem nearly identical and may be difficult to differentiate at a glance. However, there are some specific differences that distinguish the two. In this article, we'll take a closer look at each of these options and help you determine which is better suited for your needs. Sole Proprietorship A sole proprietorship is a form of business ownership that is owned and operated by a single individual. The owner has full control over the business and is responsible for all decisions and operations. This type of structure offers a high degree of flexibil...

What Are the Differences between an LLP Company and Partnership?

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What Are the Differences between an LLP Company and Partnership? "Call Our Business Plan Experts at +91-72999-72500" As a business owner, you must be aware of the differences between an LLP company and partnership. The structure you choose will have long-term effects on your business, so it's important to consider the pros and cons of each option carefully. This article will outline some of the main differences between these two popular formats. An    difference between a partnership and an LLP  to its owners, similar to that of a corporation. This protects partners from personal liability for the debts and liabilities of the business. However, the extent of this protection varies by state. In some states, the LLP is taxed as a separate entity, while in others, profits and losses are passed through to the individual owners and are reported on their personal income taxes. This format is often used by professional businesses such as law firms and ...
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How to Form a LLP Company in India "Call Our Business Plan Experts at +91-72999-72500" An LLP combines the benefits of a partnership firm and a private limited company into a single entity. It is a popular choice for businesses looking to limit personal liability while preserving management structure flexibility. The LLP registration process Consultant is relatively simple. There are some important things to keep in mind, however. The first step is to fill out the application for incorporation. This form is available on the MCA's website. Once the application is complete, it must be submitted to the Registrar of Companies (ROC) in your state. This office will require proof of identity and address from the partners. The address proof can be any document that reflects the partner's current address, such as a bank statement, mobile phone bill, electricity bill, or gas bill. The name and other details on the document should match that on the ...

Trademark Registration Process Online in Bangalore

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Trademark Registration Process Online in Bangalore "Call Our Business Plan Experts at +91-72999-72500" Trademark registration is a key component in creating your identity for your business or company and it is an important asset to the goodwill of your brand. While the trademark application process is not complex, it is important to file for your mark in a timely manner to avoid delays and possible issues that may arise from non-compliance with filing requirements. FilingPoint.com is a firm that specializes in handling the trademark application  process of trademark registration Consultant online in Bangalore    for start-ups. When you hire us to handle your application, we will conduct a thorough trademark search for your proposed mark in order to ensure that the mark is not already being used by another firm or individual. The trademark search option is a critical facet of the trademark registration process since it can prevent your company from unw...

GST Registration Process Online in Chennai

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GST Registration Process Online in Chennai "Call Our Business Plan Experts at +91-72999-72500" GST registration process online in Chennai is a convenient and quick method to get your business registered. The advantages of having a registered business are many. Your clients will recognize your business as a legal entity, and it will also make it easier for them to procure goods from you or pay you. The process is simple and can be completed in a few days. It is important to understand the process of  GST registration Consultant   in Chennai    so that you can make an informed decision. You must be registered for GST to avail of various benefits, such as tax rebates and discounts on goods and services. You will need to provide proof of identity and address for all directors and shareholders. Documents such as PAN cards, Aadhaar cards, voter ID cards, passports, and licences are acceptable. You will also need to provide a registered address and a director...

Roc Annual Filings Process Online in Bangalore

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Roc Annual Filings Process Online in Bangalore Roc annual filings process online in Bangalore is a mandatory step for all LLPs. LLPs need to file their statements of accounts and solvency to RoC every year. If they fail to do so, the LLP can face penalty charges for late filing. During FY 18, over 2.25 lakh companies were removed from the records of RoC for not filing their annual returns and financial statements. The first Annual Filing of an LLP is due within 18 months from the date of incorporation or 9 months after the close of its financial year, whichever is earlier. Thereafter, the annual filing of an LLP is due on 30th May every year. In order to file the annual return, an LLP must have a proper set of books and records. These include a balance sheet, profit and loss account, compliance certificate, registered office address, register of members, shares and debentures details, and debt details. Moreover, the LLP must get its accounts audited by an accre...

GST Filing Process Online in Bangalore

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GST Filing Process Online in Bangalore The Goods and Services Tax was introduced in the country on July 1, 2017 to reduce tax complexities. It consolidated several types of indirect taxes that were levied by the Centre and the states such as service tax, excise duty, luxury tax, entertainment tax and more into one single tax called GST. GST registration is mandatory for anyone who is buying and selling goods and services with an annual turnover of over Rs 20 lakh. The process of filling a GST return is an important step for any business to comply with the law. The GST return is a monthly or quarterly report that details all the goods and services purchased and sold within a specific period of time. This document is then submitted to the government for review and approval. There are a few important things to keep in mind when filing a GST return. It is crucial to have the correct information on hand before filing your return, as incorrect or incomplete informati...