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What Process for Partnership Registration in Chennai  "Call Our Business Plan Experts at +91-72999-72500" A partnership firm is a form of business organization in which two or more people come together to provide the required resources and share profits, losses and risks in a mutual agreement. It is governed by the Indian Partnership Act 1932. The partners of a partnership firm enjoy a wide range of powers and can make decisions quickly. Moreover, a partnership firm can borrow funds on a large scale because it has a combined borrowing capacity. The process of registering apartnership firm involves submitting the necessary documents to the Registrar of firms. Upon verification of the documents, the Registrar will register the name of the partnership firm and issue a certificate of registration. This certificate will give the partnership firm legal recognition and help it establish itself in the market. Besides, it will also help the partners protect their in...

Who Can Apply For MSME Registration in India  "Call Our Business Plan Experts at +91-72999-72500" The Micro, Small and Medium Enterprises (MSME) sector is a crucial component of the Indian economy. The Government of India has established a separate Ministry to support MSMEs and offer them various schemes and subsidies. It is important that your business gets registered with the MSME ministry so that you can reap the benefits of this scheme. One of the biggest advantages of MSME registration is that it gives you a lower rate of interest when you take a bank loan. This is because the MSME department subsidizes some of the cost of the loan, making it more affordable for entrepreneurs to start their business. Additionally, the Government of India also provides a variety of other offers and schemes for MSME, including cluster financing and priority lending to them. Another benefit of MSME registration is that it can help you patent your invention. Normally,...

How to Get GST Number For Sole Proprietorship Company in India A sole proprietorship is the most common form of business. In this form, one person owns and manages the entire business and is personally liable for all its debts and liabilities. While registering a sole proprietorship is not mandatory in India, many banks require that the business owner obtains GST registration if they intend to open a bank account in their name. Additionally, a business owner may be required to file various GST returns depending on their business activities. The    GST registration Proprietorship Process Consultant online    has been streamlined and simplified. All you need to do is fill out a simple online form on the GSTN website. Once you've filled out the application, submit it with your scanned copies of the required documents. After submitting the documents, you'll receive an OTP to verify your identity. Once you've successfully verified your identity, the syste...

What Are the Post Incorporation Compliance for a Private Limited Company in India?  "Call Our Business Plan Experts at +91-72999-72500" Getting a company registered is just the first step of setting up your business. You will need to comply with many more statutory requirements for the smooth functioning of your business. 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.   Non-compliance of these compliances can result in heavy penalties. Moreover, it can also degrade the credibility of your company, lose investors' trust, impact the authorities' outlook on your business and make your business susceptible to loss of loyal associates including employees. To avoid any penalty you must ensure that your new venture complies with these post-incorporation compliances. This article will help you understand the impo...

How Women Entrepreneurs Can Start Business in Tamil Nadu "Call Our Business Plan Experts at +91-72999-72500" Having an entrepreneurial spirit means you can be your own boss and set your schedule. This flexibility can be a major draw for women entrepreneurs, who are often responsible for childcare and caring for elderly parents or sick family members. It also allows them to pursue passion projects that may not be available in their full-time job. While gender gaps are shrinking in education levels and vocational and technical skills, female business leaders still lack the critical experience, networks, and finance needed to grow their businesses. This can be especially difficult for  women entrepreneurs   whose employers do not support flexible working arrangements or who cannot access the same funding opportunities as their male counterparts. Women in India are increasingly turning to entrepreneurship to level the playing field and boost their earning powe...

How Can a NRI Register a Business in India? "Call Our Business Plan Experts at +91-72999-72500" As one of the fastest growing economies in the world, India is a prime choice for business investment. It is a great place for both the manufacturing and services sector backed by cheap labour, skilled workforce and strong consumption demand. The government has been encouraging foreign investment and making the process easier by introducing multiple administrative changes and schemes to attract investors. What are the tax obligations for NRIs if they register a business in India? NRI s have the same tax obligations as Residents in India, with the exception of certain exemptions and deductions. All income that is earned in India, or that the law deems to have accrued in India, is taxable in India. This includes salary, profits from the sale of goods and services, capital gains, interest income, rent on residential property and more. NRIs who are liable to pay ...

What is the Difference between an OPC and Proprietorship? "Call Our Business Plan Experts at +91-72999-72500" There are many different ways in which businesses can be organized in India. Some of the most common business structures include Sole Proprietorship, One Person Company, and Private Limited Companies. Each has its own merits and demerits. Choosing the right structure for your business is crucial to its growth and success. This article will compare the OPC and Proprietorship form of business to help you determine which the best is for you. A  Sole Proprietorship and OPC  are two different types of business structures available to entrepreneurs. Sole proprietorship is the simplest and most common form of business in India. It is an individual ownership structure where the owner is responsible for all liabilities associated with the business. In a sole proprietorship, there is no legal distinction between the business and the owner; the two are considere...

What Are the Differences between LLP Company and Partnership? "Call Our Business Plan Experts at +91-72999-72500" An important decision every entrepreneur has to make is the business structure that best suits his or her business needs. One of the most popular choices is an LLP. However, there are several things to consider when choosing the right structure for your business, including legal status, taxation, flexibility, investment requirements, foreign investments etc. The key difference between LLP andpartnerships is that an LLP allows its partners limited liability. This means that a partner's personal assets are not at risk if the business suffers financial losses or is subject to a lawsuit. This protects partners' personal assets, and it's a big reason why many entrepreneurs choose an LLP over a general partnership. In addition, an LLP can also be more flexible in the way it operates. For example, an LLP can have more than one man...

How to Form a LLP Company in India "Call Our Business Plan Experts at +91-72999-72500" Setting up a business comes with a great deal of responsibility and hard work. Taking informed decisions at every step is crucial to the success of your venture. Choosing the right entity structure for your business is one such important decision. LLPs are relatively new entities which were introduced in India in 2008. They combine the qualities of partnership firms and companies. A LLP can have more than two partners but it must have at least two designated partners. The designated partners are directly responsible for ensuring compliance with the provisions of LLP Act, 2008 and LLP Agreement. While registering an LLP, the partners need to submit their PAN card as primary ID proof and address proof. The date of submission of these documents should be within 30 days of incorporation. Failure to do so will lead to the imposition of a penalty fee. Another requi...

Why is the Annual Return Filing Important for the Private Limited Company "Call Our Business Plan Experts at +91-72999-72500" Annual Return filing is important for the Private Limited company because it enables the stakeholders to have a complete disclosure of non-financial facts and information related to the business and activities. It also acts as an important tool for the Registrar to verify the correctness of particulars filed with it. As per Section 92 of the Act every company shall file an annual return in Form MGT.7 containing all the particulars as they stood at the closure of the financial year. Every company shall also prepare an extract of the  privatelimited annual filing   in Form MGT.9 and annex the same with its Board's report. It is a public document and therefore it can be inspected by any member or debenture holder on payment of prescribed fee (Section 94) if they wish to do so. This makes it a...

Trademark Registration Process Online in Bangalore "Call Our Business Plan Experts at +91-72999-72500" Trademarks are visual symbols such as names, logos, labels, numerals, colours, shapes or combinations of these used by a business to distinguish its goods or services from those of others. Trademark registration process online in Bangalore can help a business to get legal recognition for its brand identity and protect its goodwill in the market. This article will discuss the trademark application process and other important things to consider while filing a trademark application in India. There are several benefits of getting a trademark registered, starting with the exclusivity it provides to the owner of the mark. It also prevents other entities from using the same mark without permission and makes it easy to identify the source of the product or service. The Indian Trademark Act also provides remedies and protection to the owners of a registered tr...

Roc annual filings process online in Bangalore In a world that is rapidly going paperless, it's no wonder that many statutory filings are now being done online. This has made it easier for corporate to file documents, save time and money, reduce scope of error since the human interface is minimal, and also eliminate the need to travel to different offices. While some bugs persist, such as limitations on file size and inconsistent report formats, the overall system is a great step forward. For a company, the annual filings process includes filing of form AOC 4 – Audited Balance Sheet and Profit and Loss Account, form MGT-9 Auditor's Report, and Notice for AGM and Directors Report. In addition, the annual tax return has to be filed too. These filings are required to be submitted annually by a private limited company regardless of whether the company is active or not. Similarly, a LLP must submit its annual compliance to the MCA by filing the Statement of ...

GST Filing Process Online in Bangalore Goods and Services Tax (GST) is a uniform indirect tax that has replaced several central and state taxes like VAT, excise duty and service tax. GST has brought much-needed transparency and accountability in the tax system. It has also made it easier for businesses to file returns. Previously, any business with a turnover of over Rs 5 lakh had to pay VAT, which was quite cumbersome for small traders and service providers. However, under the new GST regime, this limit has been increased to Rs 20 lakh and small businesses can benefit from a special composition scheme. This has lessened the tax burden on many of these small businesses and has made GST filing a very simple process online. To register for GST , you will need to have a digital signature certificate (DSC). You can apply for this on the GSTN website. Once you have the DSC, you can fill in the required details and submit it. The website will then issue you a Temporar...