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Type of Business Organizations

A Business Organization can be a:

Sole Proprietorship form of Business

Partnership for of Business

Limited Liability Partnership

Private Limited Companies

Registration Procedure of a Private Limited Company

Returns to be Filed by a Private Limited Company

Public Limited Companies

Registration Procedure of a Public Limited Company

Returns to be Filed by a Public Limited Company

 

 

 


 

Sole Proprietorship form of Business

A Sole Proprietorship form of business can be established by a single person with minimum amount of capital. In this form of business complete control of the business, profit/loss and complete business risk will be with the sole proprietor only. This type of entity is useful for small businesses. In this form of business the individual and his firm are considered as single entity for taxation purpose.

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Partnership form of Business

A Partnership form of business can be established by two or more persons by creating partnership deed.

Registration of Partnership Deed

In India, it is not compulsory to Register a Partnership deed. But an un registered partnership have some disadvantages in the eye of law. So it is better to register the deed with the Registrar. The Registrar of Partnership will issue a certificate of Registration to the applicant. Any modification in the partnership deed, whether it is retirement of partner, appointment of partner, death or any amendment should be informed to the Registrar of Partnership.

A Registered partnership firm has all the right to sue in a court of law in India. But in other countries there may be differences in rule.

If you want to avail our expert service to register a Partnership firm please write to us: contact@businessboss.com

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Limited Liability Partnership (LLP)

LLP is a  corporate business form that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.

 

 

An LLP can be registered with the Registrar of Companies.

Registration Procedure

Designated Partner Identification Number (DPIN)

The persons interested to form a Limited Liability Partnership should apply for Designated Partner Identification Number (DPIN) from the Registrar of Companies. The DPIN application can be processed with the help of a Practicing Practicing Company Secretary or A Chartered Accountant.

Application for Allotment of Name

After approval of Designated Partner Identification (DPIN) by the Registrar of Companies, the application for availability of name can be filed. If the name choice is available the Registrar of Companies will give approval for the name.

Registration of Limited Liability Partnership

After approval of name by the Registrar, the application for Registration of Company can be filed with copy of Partnership Deed and other required forms and information. All these documents can be filed online with requisite fee.

If found satisfied the Registrar of Companies will give Certificate of Registration.

If you want to avail our expert service to register a Limited Liability Partnership (LLP) please write to us: contact@businessboss.com 

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Private Limited Company

In India, it is compulsory to Register a Private Limited Company under the Indian Companies Act 1956. It can be registered by minimum of 2 members and maximum of 50 members. The services of a Practicing Company Secretary, Advocate or A Chartered Accountant can be availed to register the company. The object of the company should be clear before going for registration.

 

 

 

Registration Procedure of a Private Limited Company

Director Identification Number (DIN)

The persons interested to form a Private Limited Company should apply for Director Identification Number (DIN) from the Registrar of Companies. The DIN application can be processed with the help of a Practicing Practicing Company Secretary or A Chartered Accountant.

Application for Allotment of Name

After approval of Director Identification (DIN) by the Registrar of Companies, the application for availability of name can be filed in Form No. 1A. If the name choice is available the Registrar of Companies will give approval for the name.

Registration of Company

After approval of name by the Registrar, the application for Registration of Company can be filed in Form No. 1 along with copy of Memorandum of Association of the Company, Articles of Association of the Company, Form No. 32 for appointment of Directors, Form No. 18 for Registered office and other required forms and information. All these documents can be filed online with requisite fee.

If found satisfied the Registrar of Companies will give Certificate of Incorporation to the Company. 

 

 Various Returns and Forms to be filed by Pvt Ltd Company

The Private Limited Companies are required to file various forms and returns with the Registrar of Companies from time to time.

Tax Returns to Income Tax Authorities

 

 

Returns to Registrar of Companies

Annual Return of Company

Balance Sheet

Profit and Loss Account

Change in Directors

Change of Registered Office

Registration of Charge

Compliance Certificate - If the paid up Share Capital of the Company Exceeds Rs. 10 lacs.

Any other form as per the statutory requirement of Indian Companies Act 1956.

If you want to avail our expert service to register a Private Limited company please write to us: contact@businessboss.com 

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Public Limited Company

A Public Limited Company can be registered by minimum of 7 person and there is no maximum limit of members. There are many advantages of registering a Limited company. A Limited company can be registered with Limited liability, which will protect the personal asset of the members in case of failure of business. The services of a Practicing Company Secretary, Advocate or A Chartered Accountant can be availed to register the company. The object of the company should be clear before going for registration. 

Registration Procedure of a Public Limited Company

Director Identification Number (DIN)

The persons interested to form a Private Limited Company should apply for Director Identification Number (DIN) from the Registrar of Companies. The DIN application can be processed with the help of a Practicing Practicing Company Secretary or A Chartered Accountant.

Application for Allotment of Name

After approval of Director Identification (DIN) by the Registrar of Companies, the application for availability of name can be filed in Form No. 1A. If the name choice is available the Registrar of Companies will give approval for the name.

Registration of Company

After approval of name by the Registrar, the application for Registration of Company can be filed in Form No. 1 along with copy of Memorandum of Association of the Company, Articles of Association of the Company, Form No. 32 for appointment of Directors, Form No. 18 for Registered office and other required forms and information. All these documents can be filed online with requisite fee.

If found satisfied the Registrar of Companies will give Certificate of Incorporation and Certificate of Commencement to the Company.  The Company cannot start business without certificate of Commencement of Business, even if it is registered with the Registrar of Companies.

 Various Returns and Forms to be filed by a Public Limited Company

The Private Limited Companies are required to file various forms and returns with the Registrar of Companies from time to time.

Tax Returns

Returns to SEBI and other authorities in case of Listed Companies

To Registrar of Companies

Statutory Report of Statutory Meeting

Annual Return

Balance Sheet

Profit and Loss Account

Change in Directors

Change of Registered Office

Registration of Charge

Compliance Certificate - If the paid up Share Capital of the Company Exceeds Rs. 10 lacs.

Any other form as per the statutory requirement of Indian Companies Act 1956.

If you want to avail our expert service to register a Public Limited company please write to us: contact@businesswonder.com 

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