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Business Registration Services (Special Discount Due to Covid-19)

We have strong values to support start-ups and assist them to thrive through these tough times (Covid-19). Selecting a proper business structure is paramount to business and can have long-term implications.

Our endeavour is to provide best business/company registration services in India. We support start-ups to focus on their on core business and leave all accounting compliances on us.

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50% Discount Due to Covid-19 (Offer-ending soon)

Business Registration

Choosing the right business structure is as important as picking the industry of the respective business because of the long-term implications entailed in the process. Business structure defines the footing of an enterprise and as a founder, you need to choose a business structure that provides you with the right balance of legal rights and protection.

Considering the striving competitive environment where one needs to focus all the energy and concentration on the core activities of the business, the entrepreneurs should outsource the activities related to legal and accounting compliances to the professionals who are versed with the process. They will help you do a careful analysis of your expectations from the prospective business and inputs that are required. Every business structure comes with its pros and cons and one needs to consult the specialists for a smooth business registration process. Some important issues need to be discussed before initiating any business registration process like.

Company Registration in Pune

For every business, different compliances need to be accomplished. Like, a sole proprietor has to file only an income tax return while a company needs to file annual returns with the registrar of companies along with income tax return. An entrepreneur must be clear in his head about the legal compliances he is ready to deal with while the business registration process goes on. And, the process of company registration including private limited company registration can be way too tedious than expected. One should have a deep process knowledge for a company registration which is full of legal procedures. For a complete company registration process, you are going to need the signature of a CA or CS anyways. So, why to lose precious time surfing via websites and collecting the legit documents when the same work can be done efficiently and effectively by us with you focusing on the core business?

We provide business registration services for the following business structures:

Our team at Patron Accounting is well aware of the legal compliances that each structure needs to go along with. Keeping in mind the prerequisites that the entrepreneur can fulfil, our team of professionals carry a detailed breakdown of the questions that ought to be answered before going forward with the process. Along with helping you choose the right business structure, we help you with the following accounting compliances:

With our branches in India’s most business thriving cities, Delhi NCR, Mumbai and Pune, Patron Accounting supports the Start-Up India, Stand-Up India cause and we endeavour to provide the best business registration services.

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Hassle-free Business Registration Services

Book your one to one free consultation session with a Patron expert. Fill the form and we will get in touch with you.

Its is most important to choose business structure that suits to the business growth. Each business structure has its own merits and demerits. Even income tax return depends upon type of structure chosen. Each business structure has its own complexity, such as for sole proprietor must file only income tax return where else private limited company must file Income tax return and well as annual returns with ROC.

For private limited company books of accounts must be maintained as per current accounting rules and government regulations. Companies also must undergo audits and annual ROC compliance. All these compliances need experts to handle respective fields which leads to extra burden of cost. Thus, it becomes very important to understand which structure will suit your business.

It has been seen historically that inventors or even banks prefer companies as more reliable business structure. For instance, sole proprietor may face more challenges than company in terms of raising fund for business. It is highly recommendable that if any idea that have potential of growth, structures like LLP, Companies etc. gives more comfortable seat to investors and bankers.

Out of all business structures in India private limited company is the most popular and successful business structure in India. Management and owners in private limited company is separate. All the shares of the company are held by limited numbers of people called shareholders. Private limited company is separate legal entity and have it’s own seal thus capable of entering contracts on its own name. Liability of shareholders is limited to amount of contributions in form capital.

Private Limited Companies are favorable over partnership firms to organization looking for expansion as it is easy to raise capital from financial institutions due to its higher stability and reliability.

The One Person Company (OPC) was introduced by Companies Act, 2013 and is the latest form of business. To put in simple words Proprietorship in most structured way is “One Person Company (OPC)”. It requires only one member to form OPC. OPS carry the status of a separate legal entity and offers limited liability protection. It also enjoys stability and perpetuity of business.

In order to deal with situation when promoter director is disables, it is made compulsory in MOA or AOA to nominate a nominee Director who will become the owner of the OPC in such situation. Annual turnover of over 2 crores is the limit of OPC will force it to be converted into a Private Limited Company. It must also file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year.

A Limited Liability Partnership combines the benefits of two different business structures i.e. Private limited companies and partnership. It provides benefits of limited liability of private limited company and allowing its partners share profits as per partnership. As LLP is easy to incorporate and regulations are relatively less than private limited company it becomes best structure of business suiting most of entrepreneurs whether it be traders, manufacturers or professionals. LLP is more credible and preferable than a normal partnership firm given its limited liability feature.

Limited Liability Partnership was introduced in 2008 and is governed by Limited Liability Partnership Act, 2008. LLP, enjoys the status of separate legal entity thus no single member is responsible for actions taken by other member.

Partnership is simple form of business where two or more individuals join hands together to work together. Profits from the business are shared in pre-defined agreed profit sharing ratio. Registration of partnership is not compulsory but we recommend to registrar the partnership as unregistered partnership firm can’t avail the legal benefits. Partners in partnership firm have unlimited liabilities i.e. their personal assets can be used to pay off any dues in the partnership firm. On the benefit side, there is no annual ROC filling in partnership deed as compared to in LLPs and companies which makes it less expensive.

India is fastest growing economies of the world which make it preferred designation for investments by NRIs and foreign nationals. Foreign nationals cannot invest in Partnership or one person company or Proprietorship firms. RBI approval is required in case of Foreign national is going to invest in LLP. Therefore, setting up private company is most ideal form of business for the foreign nationals. Public limited company has to follow stringent process for being set-up in India.