Incorporation & Registration​

Proprietorship:

A sole proprietorship is one of the traditional business entities to start in India. A sole proprietor is regarded as the sole owner. A proprietorship business is solely controlled by a single person who is responsible for all the assets and liabilities of the business. This type of business is well suited for small businesses with up to 5 employees.

Partnership:

A partnership is the relationship between individuals who have mutually agreed to share profits of a business carried on by all or any one of them. A partnership runs based on some agreement that is built to share profits obtained from that business. 

Private limited company:

A Private limited company(PLC) is the most common type of legal entity in India. A private limited company can be registered in a span of just 10 days and the procedure is relatively simple. To register a company, there should be a minimum of:

• 2 Directors
• 2 Shareholders
• Registered office in India

Limited liability partnership:

Limited liability partnership has evolved as a significant alternative form of business that gives the perks of a company & the flexibility of Partnership firm. LLP incorporation in India is fairly easy to manage and in order to register an LLP, a minimum of two partners are required. This setup will be ideally suited for small & medium sized companies.

Startup India registration:

Startup India is a government initiative that is built to provide a strong platform for nurturing startups all over the country. The ultimate goal behind this initiative is to enhance the infrastructure and increase the funding opportunities. Any startup that is seeking this benefits must satisfy the following:

• Entity’s period of existence.
• Entity’s type
• Annual turnover
• Original entity
• Innovative & scalable entity

Indian subsidiary:

This entity is used for incorporation of a foreign company as an Indian subsidiary. This incorporation also included kit and share certificates. This method is used as a key entry strategy for foreign nationals & foreign companies to start their business in the sub-continent. 

Section 8 company:

A Section 8 recognition will be given to a non-profit organisation. Any company that comes into this category will aim to promote charitable activities, art, science, education and sports. Such entities will utilise their profits to fulfil their mission and do not distribute dividends to the shareholders. 

Udyam registration:

Udyam registration is the latest process of registering MSME launched by the ministry of Micro, Small and Medium Enterprises. Upon the completion of registration, an online certificate will be issued. This certificate comes with a dynamic QR code using which the enterprise details can be accessed. The Udyam registration is a permanent registration number and there will be no need for renewal.

FSSAI registration:

Any food business that manufactures, stores, transports or distributes food will require the FSSAI licence and registration. As per the Food Safety & Standards Act, 2006, every food business operator in the country must be licensed under the Food Safety & Standards Authority of India. The registration is completely based on the business type, turnover and production capacity. 

Digital signature:

A digital signature certificate is a cryptographically secure key that is issued by the certifying authority. Digital signature is used to authenticate and verify the identity of the person who holds the certificate. A Class 3 DSC is the most secured certificate that comes with a signature and encryption certificate.