Proprietorship/Individual Registration

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The sole proprietorship is the simplest business form under which one can operate a business activity in India. Single or One person carry a business activity such kind of business known as Sole Proprietorship or Proprietary business. The sole proprietorship is not a legal entity. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name. The owner of the business is called as proprietor. Following registrations are required to start sole proprietorship business in India.

• MSME Registration.
• Shop and Establishment Registration.
• Professional Tax Registration.
• GST Registration.

LLP Registration

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According to Section 3 of the Limited Liability Partnership Act (LLP Act), 2008, an LLP is a body corporate formed and incorporated under the Act. Minimum of Two partners are required to form LLP, However there is no limit on maximum number of partners. It is a legal entity separate from its partners. There is no requirement of minimum capital contribution. It has features of both, a corporation and a partnership. A Limited Liability Partnership or LLP is an alternative corporate business form which offers the benefits of limited liability to the partners at low compliance costs.

Partnership Registration

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As per act a firm established between two or more partners with the goal of earning profit is called as a Partnership Firm. Maximum number of members in a partnership is 10 for a banking business and 20 for other businesses to enter into a partnership firm. It is not compulsory to register a partnership firm but there are added advantages if a partnership firm is registered. Every partner can carry on business on behalf of others. Partnership deed is the legal document which is created to form a partnership firm. A partnership firm would be dissolved if the number of partners reduces below 2 in case of death, incapacitation or resignation of a partner.

Private Company Registration

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A Private Company Incorporation or Registration means a group of persons associated together for the purpose of common end, social and economic. It has a perpetual succession and a common seal. It is a separate legal entity. There must be minimum two directors and maximum 15 directors for a private limited company and a director must be 18 years above in age. A foreign national can become a director of private limited company India. Minimum paid up capital amount for a private limited company is Rs. 1 Lakh. A company can be registered only by giving an application to the Registrar of Companies by the promoter who shall after scrutinizing the documents filed and on being satisfied that they are in order and that the requisite fees has been paid and all other legal requirements have been duly complied with shall issue a certificate of Incorporation under his hand.

One Person Company (OPC) Registration

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One Person Company is defined in Sub-Section 62 of Section 2 of Companies Act, 2013, "One Person Company means a company which has only one member". Under this type of Business Entity, there is no need for mandatory minimum two directors. A single person can form an OPC by subscribing his name to the memorandum of association (MOA) and fulfilling other requirements prescribed by Act. Such memorandum must state details of a nominee who shall become the company’s sole member in case the original member dies or becomes incapable of entering into contractual relations. This memorandum and the nominee’s consent to his nomination should be filed to the Registrar of Companies along with an application of registration.

Nidhi Company Registration

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A Nidhi Company is a type of company in the Indian non-banking finance sector (NBFC), which is regulated by Reserve bank of India from time to time recognized under section 406 of the Companies Act, 2013. Minimum number of members required to make a Nidhi company in India is three. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.

Section 8 Company Registration

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Section 8 Company established for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object, under section 8 of companies Act 2013. This kind of company is called as Section 8 company.