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Choose Legal Structure of Business

Almost every new business owner asks this question: What’s the best legal structure for my business? Consider and select the most appropriate business structure to operate your business. The available option is Sole Proprietorship, Partnership, Limited Liability Partnership (LLP) Private Limited, One Person Company (OPC), Public Limited Company.

Particular

Choose Your plan

Registration

Name Approval

Legal Status

Borrowings

Owner Remuneration

Minimum Vs. Maximum Number of Directors

Foreign Member

Transfer-ability

Income tax

Baord Meeting

Registration Cost 

Annual

Compliance Cost 

Propritership


 9,899


No Formal Registration is require .

No Name Approval Required

No separate legal entity from owner

Personal Sources & Banks

Owner Salary Not Allowed

1 : 1

Not Allowed

Can not Transfer

Slab Rate (0-10-20-30%)

Not Need

x

x

Patnership

₹ 10,999

Optional Registration,

Register under Partnership Act 1932

No Name Approval Required

No separate legal entity from owner

Personal Sources & Banks

Owner Salary Not Allowed 

2 : 20 

Not Allowed

Can't Transfer

Rate of @30%

Allowed with Govt. Approval

1.5x

2x

Limited Lability Company


₹ 9,999

Registration with ROC under LLP

Act 2008

Need to be approved by MCA (shall end with

"LLP")

Separate legal entity from owner , personal liability limited to capital

Angel Investors, Project

Financing, Private Placement of Shares & debentures, loans from directors and members (subject to restrictions), banks

Partners remuneration

allowed, subject to certain restrictions  

2 : unlimited 

Allowed with Govt. Approval

Can be Transfer

Rate of @30%

Not Need

2x

3x

Private Ltd.

Company

₹ 11,999

Registration with ROC

under Companies Act 2013


Need to be approved by

MCA (shall with "Private

Limited")

Separate legal entity from owner , personal liability limited to capital

Personal Sources & Banks

Directors' Remuneration Allowed as per Board/members

2 : 200

Allowed with Govt. Approval

Can Transfer Easly

Rate of @30%

 

Need Periodically 

3x

3x

One Person 

Company


₹ 10,999

Registration with ROC under Companies Act 2013

Need to be approved by MCA (shall end with "OPC Private Limited")

Separate legal entity from owner , personal liability limited to capital

Personal Sources & Banks

Directors' Remuneration Allowed as per Board/members

1 : 1

Not Allowed

Can be Transfer

Rate of @30%

Not Need

2.5x

3x

Our Startup Services

Company Incorporation
Want to Start With Most Popular Way
Firm Registration
Two or More Partners Start Business
Manage Company
One Person Want to Incorporate with MCA
Convert Company
For Small Business Startup
GST Registration
For Small Business Startup
GST Return Filing
GST Return Filing
Trademark Registration
Trademark Registration
Trademark Renewal
Trademark Renewal
Shop Registration
Shop Registration
ROC Filing
Yearly ROC Filing for Pvt. Company
LLP Annual Filing
LLP Annual Filing
ITR Business Filing
ITR Business Filing
Trademark Registration
Trademark Registration
Trademark Renewal
Trademark Renewal
Copyright Registration
Copyright Registration
Patent Registration
Patent Registration
Provisional Patent
Provisional Patent Service
Ngo Registration
Ngo Registration

Common Types of Company


IDEAL for

Requirements

Initial Investment

Tax Advantages

Compliances

Registration Time

Stratup

 

Private Limited
Company

Minimum

 2 Director + 

Minimum

 2 Shareholder

0

Few 

High

10 Days

Triditional Business

Limited Liability Partnership

Minimum 2 Partners

0

More

Least

20 Days

SOLE FOUNDER 

One Person Company

1 Director + 1 Nominees

0

Few

Moderate

10 Days

* Stamp duty Vary State to State       * NRI/Foreign Directors,Charges are extra

Common Types of Company

TM Filling 

(Price)

Trade Mark Search

Trade Mark Filling

Trade Mark Update


TM Filling Company

₹11,999/-

Per Class

Trade Mark Search

Trade Mark Filling

Trade Mark Update

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TM Filling 

 INDIVIDUALS 

₹5,999/-

Per Class

Trade Mark Search

Trade Mark Filling

Trade Mark Update

SignUp!

TM Filling

MSME

₹8,399/-

Per Class

Email Previews

Trade Mark Filling

Trade Mark Update

SignUp!

* Stamp duty Vary State to State       * NRI/Foreign Directors,Charges are extra

Compliance Packages

PLAN - PRICE

Description

LIMITED LIABILITY

PARTNERSHIP

Rs.7,999/-

Includes

Auditor Appointment
Annual Return Filing
Income Tax Filing
Statement of Accounts & Solvency

PRIVATE LIMITED
COMPANY

Rs.17,999/-

Includes

Auditor Appointment
Annual Return Filing
Income Tax Filing
Board Meeting of Directors

ONE PERSON
COMPANY

Rs.14,999/-

Includes

Auditor Appointment
Annual Return Filing
Income Tax Filing
Board Meeting of Directors

* Stamp duty Vary State to State       * NRI/Foreign Directors,Charges are extra

Conversion Package


Requirements

Initial Investment

Tax Advantages

Compliances

Registration Time

Private Limited

to LLP

Minimum 2 Shareholders

0

Most

Least

10 Days

Sole Proprietor

ship to Pvt Ltd

Minimum 2 Shareholders

0

Few

High

20 Days

Private Ltd

to Public Ltd

3 Director + 7 Shareholders

0

Nil

Very High

25 Days

Private limited

to OPC

1 Director &

Shareholder

0

Few

Modrate

10 Days

* Stamp duty Vary State to State       * NRI/Foreign Directors,Charges are extra

Common Types of Company

Basis of Difference

1. Minimum Requirement

2. Board of   Management

3. Statute/Legislation

4. Jurisdiction

5. Registration Document

6. Revocable/ Irrevocable

7. Annual Compliance

8. Time Period involved in registration

9. Cost factor

10. Registration with Income Tax u/s. 12A & 80G as NGO

11. From the point of view of Grant of subsidy by the government

 

Trust Registration

At least two trustees are required to register a public charitable trust. In general, Indian citizens serve as trustees, although there is no prohibition against non-natural legal persons or foreigners serving in this capacity.


Trusts are governed by their trustees or by board of trustees.

Trust is governed by the Indian Trust Act, 1882.

Trusts are registered under the jurisdiction of Deputy Registrar/Charity commissioner of the relevant area.

The primary instrument for Registration of Trust is the Trust deed.

Indian public charitable trusts are generally irrevocable.

There is no requirement of annual return filing.

15-20 days

Low

At par with trust & Society.

Moderately preferred

Society Registration

Minimum Seven members are required for formation of state level society.

Societies are usually managed by a governing council or managing committee.

Societies are governed by the Societies Registration Act 1860. Many states, however, have variants on the Act.

The power to register a society lies in the hand of Registrar of societies.

The primary instrument for Registration of Society is its Memorandum of Association.

ocieties may be dissolved. Dissolution must be approved by at least three-fifths of the society’s members.

Societies must file annually, with the Registrar of Societies, a list of the names, addresses and occupations of their managing committee members.

20-25 days

Medium

At par with trust & Section 8 Company.

Moderately preferred


Section 8 Company

Minimum 2 directors and shareholders. Directors and Shareholders can be the same person.

It is managed by the board of directors.

Section 8 Companies are governed by the Indian Companies Act, 2013.

The power to register a section 8 Company lies with the Regional Director & Registrar of Companies of concerned state.

The primary instrument for Registration of Section 8 Company is the Memorandum and Articles of Association.

A section 8 Company may be dissolved.

There is requirement of annual compliance by filing of annual accounts and return of company with the Registrar of Companies.

10-15 days

High

At par with society & Section 8 Company.

Most preferred

* Stamp duty Vary State to State       * NRI/Foreign Directors,Charges are extra

Explore Startup Services

100% Money Back Guarantee

Our client’s satisfaction is our #1 priority! That’s why each person who’s avail service with EasyStartup is completely protected by our 100% Money Back Guarantee Program. Simply try our services and if EasyStartup not provides you final legal approved certification’s in any situations -we’ll provide you an instant refund after discussion with you.

Design Your Stunning Website or Landing Pages
In today's business environment and to beat the competition large or small companies definitely need to develop a good website or Landing pages. Many business owners use the excuse that their business is "word-of-mouth" and they do not need a website. But a great way to reinforce the personal recommendations of other clients is through a professional website.
Strong Logo or Slogan = Success
A strong logo or Slogan is the key to customer loyalty and higher sales. If you think it’s just for big business, think again; a logo or Slogan is critical for businesses of all shapes and sizes. This is where all the hard work pays off. Now you know a bit more about your target audience, you’ve got the opportunity through your brand to grab their attention. Your logo or Slogan is going to guide the visual element of your branding efforts for the foreseeable future. It should be memorable, aesthetically pleasing, and representative of your brand’s personality. Logo or Slogan make brand creation Easy.
We should do everything to protect our creativity
Trademark Registration - To Protect name, Marks used to Identify company, Slogan, Symbol, Taglines
Copyright Registration - To Protect Books, Articles, Web Content, Painting, Songs, Photographs, Motion Pictures
Patent Registration - To Protect New Invention or Design
GST Registration
Want to Sell Products/Services Online or Offline
ESI Registration
Employees More than Ten
PF Registration
Employee More than Twenty
Build a Great Team & Connect them with your dream
One of the most important business decisions for any startup entrepreneur has to make is who they hire as their first key employees. You are not your company – you are only the head. The rest of the body has to be just as strong, if not stronger, for you to be able to succeed. If you don't build an A team with the right people then you are guaranteed to fail sooner or later (hopefully sooner, so that you can learn form your mistake as fast as possible and start from scratch). When looking to build a team look for people that are more interested in what you and your company are doing than they are in their salaries and/or possible equity. Such employees are going to be more interested in working and producing great work than in collecting their paychecks
Increase Your Sratup Creditability, Go For ISO Certification
Startups mainly work on their survival in the increasingly competitive world while revenue generating small businesses aim for growth. For any business, building customers’ trust is essential because it’s the trust that brings long-term customers and these long-term customers are the only option for startup survival or small business growth. Obtaining ISO certification can help to build the trust faster as well as optimize the processes to reduce the redundancy. So, if you are a startup or a revenue-generating small business, looking for rapid growth, you must consider getting a relevant ISO certification.
Choose Your Business Space Smartly
Choose Your Business Space Smartly Reasons Your Startup Really Does Need Office Space
Attracting talent
Team-building
Punctuality
Accountability
Investors
Professional development
Exposure to diversity Call Us on +91-
We can help you to find a good co-working/virtual office space for your startup

Creating a Prototype

Define the “problem” your business is solving
Summarize the “solution” your business offers
How urgently do people need what you are selling?
Define your target market
Define your ideal customer
What’s your market size?
How easy is it to acquire a customer, and how much will it cost?
Figure out the best place to set up your business premises
What advantages does your solution have over your competitors?
How much money and effort will it cost to deliver value?
Outline the team that will help you execute your idea
What key responsibilities will each team member have?
Map out business milestones or goals and when you plan to achieve them
How long will it take to get to market? Make it fast
Interview potential customers to ensure that they have the problem you are trying to solve
Interview potential customers to validate that your solution is something your customers will pay for

Naming Your Startup & Its Approval

What’s in a name? A lot, when it comes to startup success. The right name can make your company the talk of the town. The wrong one can doom it to obscurity and failure. Ideally, your name should convey the expertise, value and uniqueness of the product or service you have developed. when you go for registration its require a approval from MCA and Trademark Department.

Register for Naming of Your Startup

Preparation for Funding

Validate Your Idea
Create a Prototype
Plan Your Budget & Financials
Form a Legal Structure
Design Stunning Website
Design Your Logo & Slogan
Protect Your Creatives
Open a Bank Account
Compliant with Government Departments
Create Corporate Profile
Create a Marketing Plan
Create a Social Media Presence
Create Good Networking
Create Good Office Setup
Create Performing Team
Get ISO Certification

If All above steps completed well then now time for Preparation a Profitable Business Model on Paper and go for Funding.

We can help to connect with startup funders if All above Criteria Fulfill

Questions? Call us on 759495945

Frequently Asked Questions - Private Limited Company

Why is the Private Limited Company the best option for start-ups?

In order to execute the idea into a long-term business, choosing the right form of business is important. For start-ups, Private Limited Company is the best option for the following reasons:

  • Limited legal compliances
  • No minimum capital contribution
  • Need only 2 directors and shareholders (both can be the same person)
  • Funding can be raised
  • Limited liability of the members

Who can become a director in a Private Limited Company?

Any individual or organisation or even an NRI/foreign nationals can become a director in an Indian Private Limited Company. Here are the conditions to become a director in an Indian private company:

How long is the registration valid for Private Limited Company in India?

The private limited company formation comes into existence on issuing of incorporation certificate. A company remains active even though all the shareholders and directors of the pvt ltd company may be changed unless it is wound up either voluntarily or by order of the Court/ NCLT. Also, the Company may be struck off from the register of the ROC if:

  • The Company has not commenced business within a period of 1 year from the date of incorporation, or
  • The Company has not complied with the Annual Filing Compliance In such a case, the company will be liable to be struck off from the Register of the ROC after a period of time and the Director of such a company will be held in default.

Is there a limit on Shareholders in a Private Limited Company?

A minimum of 2 Shareholders is required for incorporation of Pvt Ltd Company. However, a private company can have a maximum of 200 Shareholders.

Can I become a director in a Private Limited Company if I am already in employment?

Yes, there is no such legal constraint in the Companies Act if not restricted by the employment agreement. All you need to do is check your employment agreement because it may limit you from becoming a director in other company simultaneously.

Can I become a director in a Private Limited Company if I am already in employment?

Yes, there is no such legal constraint in the Companies Act if not restricted by the employment agreement. All you need to do is check your employment agreement because it may limit you from becoming a director in other company simultaneously.

Does one have to present physically to incorporate a private company?

No, the whole pvt ltd company incorporation process is online. You can send the scanned copy of all the required incorporation documents via e-mail. All the forms and documents are filed electronically and even signed digitally.

Is foreign direct investment allowed in private limited company?

Yes, FDI (Foreign Direct Investment) is allowed in a private limited company as this form of business entity is easy to raise funds. FDI (Foreign Direct Investment) is allowed in private limited companies for non-residents through automatic or approval route.

What is the limit for Directors in a Private Limited Company?

A minimum of 2 Directors are required for incorporation of Pvt Ltd Company, one of the said Director shall be a resident in India, i.e. should be in India for a period of 182 days or more in the previous financial year. However, a private company can have a maximum of 15 Directors.

How to choose a name for Private Limited Company to avoid rejection?

The company name should be selected with utmost care. The rules for selecting a company are:

  • The name should be ended with the words ‘Private Limited‘ which are mandated by law.
  • The name must be unique.
  • Follow the naming guidelines for better chances of approval.
  • The name should be suggestive of the company business.

Can a Foreign Company incorporate a Private Company?

As per the Companies Act 2013, there is no minimum requirement for Paid-up Share capital. However, each shareholder should subscribe to a minimum one share.

What are the mandatory compliances for a Private Limited Company?

The common mandatory compliances are:

  • Appointment of auditor
  • Statutory audit of accounts
  • Filing of annual return
  • Filing of financial statements
  • Holding Annual General Meeting (AGM)
  • Prepare directors’ report

Can a Private Limited Company register on residential address?

You don’t need a proper office address to incorporate a company. You can register your residential address as a registered office address of your business with MCA (Ministry of Corporate Affairs) for which some address proof along with the NOC (No Objection Certificate) has to be filed with the prescribed form.

Can an NRI allowed to incorporate a Private Limited Company in India?

NRIs only allowed to incorporate limited companies in India and the private limited company is ideal for NRIs. Also, there is no requirement to obtain the prior approval from the government or RBI. But, in order to register a private company at least one director must be a resident of India.

Which type of business entity is ideal for medium and large sized businesses?

Private limited company is an ideal form of business entity for the majority of medium and large sized businesses as it offers advantages from limited liability protection to easy transferability. But it is not suitable for small businesses.

Can a private limited company be converted into and other type of business entity?

Yes, conversion of private limited company into a public company or one person company or limited liability partnership is possible. But a private limited company cannot be converted into a traditional partnership or sole proprietorship.

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