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The best option for start-ups is a Private Limited Company as no other business structure can raise such large funds from venture capitalists as a private limited company would.
Limited Liability Partnership
An LLP has the same setup as a partnership but with a mixture of characteristics of both, company and partnership. Providing benefits of both a company and a partnership, it is comparatively easier to form and can be set up at a very low cost.
From the name itself you can infer that it has only one person as a member. It is the best business structure for solo entrepreneurs who want to start their careers.
A business run by two or more persons in a mutual agency is a partnership. All it needs is a partnership deed. It does not even need to be registered.
Accounting is recording, storing, sorting, and summarizing financial transactions in books of accounts. This is to be submitted by all businesses along with the tax returns.
Annual Compliances for Pvt. Ltd Company
A private limited company faces increased compliance when compared to others. According to The Companies Act 2013 every company has to adhere to the latest and mandatory compliances.
Whether it startup investment, mergers, or hedge funds, it is good to go for due diligence. Due diligence is generally conducted by investors to check for regulatory and mandatory compliances.
Secretarial Audit Package for Companies
To check with the latest provisions of laws, rules, regulations, and compliances a secretary audit is held in the company. It is stated as per the latest amendment in The Companies Act 2013.
Shop and Establishment Registrations
If you are the owner of a shop or any other commercial establishment In India that undertakes the Business operation, then you must apply for a Shop and Establishment License within 30 days.
Any entrepreneur who wants to start a business in the food sector, be it food processing or food manufacturing, packaging, or distributing, has to register for the Food Safety and Standard Authority of India FSSAI.
International standards organization regulates standards for businesses for quality and efficiency of products. ISO certifications meet international standards, they help businesses reach global customers.
All the businesses involved in import and export business follow a code given by director general of foreign trade, ministry of trade and Indian government namely- IEC [ Import-export code]
Goods and service tax is an indirect tax implied by the government of India that covers all businesses. Only taxpayers having an annual turnover of fewer than 1.5 crores can get rid of GST formalities.
Professional taxes are levied on professionals such as chartered accountants, lawyers, doctors, etc. This tax varies from state to state
It is a direct tax levied on the income of a person which is paid directly to the central government. Filing income tax return is every citizen’s responsibility.
Online TDS return is a statement given to the IT department every quarter. Every deductor needs to deposit income tax and file for TDS return on time. A company having a valid Tax collection and deduction account number can file a TDS return
Property registration is a document that contains details of terms of sales, conditions, place, buyer, and seller. We are here to help you with the best estimate of the value of the land.
A property verification document ensures the reliability of both buyer and seller providing authentic details of both parties that are required to make a contract.
Succession certificate is granted by civil courts in India to the successors of those who die intestate leaving property and debts. The successor becomes the holder of securities and is obligated to pay debts.
In any case, the name is to be changed, the process must be legal and lawful. The publication in Central Gazette (newspaper) is necessary for a name change. We provide you with one of the best name changing services
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StartupGenie- Your One-Stop Solution
Since 2010, our company has been a one-stop solution for businesses and entrepreneurs who are in search of lawyers, CA’s, and CS. We lend help to the startups by registering them and helping them draft their documents needed at the time of incorporation. We ensure that your startups are fully compliant with the latest rules and regulations of the act. Reliable professionals, affordable costs, professional services, delivered on time- that’s who we are.
1. Starting a Business
Entrepreneurs often go through the dilemma of selecting the appropriate business structure for their startup ideas. Each business structure has its pros and cons. Depending upon your preference, you must select the correct business structure fulfilling your needs. You can contact us for all the advice you need. We are here to help you out and planning out the best suitable option for you. From registration to company audit we have got you all covered, and that too at a reasonable price.
2. Intellectual Property
How can one ignore a valuable asset that is intellectual property?
Well, believe it or not, but what yours should be uniquely yours. In light of which we are here to help you out with trademarks and copyright registration. Be it whatever, your photo, video, design, logo, or even an idea, we are here to provide you our best patent attorneys who will file your patent or copyright applications.
3. Government Registrations
We live in India, where every business needs a license to run. You need a GST registration and a trade license. For instance, if you have a business of food products, you will need an FSSAI license. Those who are professionals need a professional tax registration. You also need to file tax and GST returns. We provide you all of it. So sit and relax while we get the work done for you.
4. Mandatory Compliance
Well setting up a company or a partnership is just not enough. You need to comply with all the requirements of the ministry of affairs and income tax act. Timely audits, proper maintenance of books are what you need once you are established. We at StartupGenie provide you with the best of facilities. We take care of compliance with all the regulations while registering.
5. Legal Documentation
We have a team of the best lawyers to educate you about every legal proceeding you want to know about. Expertise in the field is what you require for all your legal documentation and proceedings.