How much does it cost to register a company in India?
The cost of registration of a sole proprietor company is nearly Rs 2,500 while that of a partnership firm is nearly Rs 5,000. If you incorporate a private (LLP or LLC) company with a minimum authorised capital of Rs 1,00,000, the registration will cost you Rs 7,000.
Do I need to register my small business in India?
Is it mandatory to register a company before starting a business in India? The answer is no! Registering a company is not the only way to start a business in India. … The simplest way to start your own business is to acquire any tax license, like service tax registration.
How do I register a company in India in 2020?
Process of Registering a Company in India
- Step 1: Reserve Company Name. …
- Step 2: Apply for Class ii Digital Signature. …
- Step 3: Drafting Incorporation Documents. …
- Step 4: Applying for Incorporation. …
- Step 5: Getting Certificate Of Registration.
How can I register my business name for free in India?
There is no direct procedure to claim the free company registration. You just need to hire a professional for company registration service and he will guide you accordingly.
Which is better LLP or Pvt Ltd company?
LLP is a preferable form of organization as it provides benefits of both the private limited and partnership firm. Llp is a legal entity separated from its partners.
Difference Between Private Limited Company & LLP – Analysis.
|Statutory audit||Mandatory||Not required unless partners contribution exceeds 25 lakhs and annual turnover exceeds 40 lakhs.|
Can we run a company without registration?
To operate a business without registration you need a current account. Now to open the current account, the bank will ask you for any government registration. The government registration can be MSME registration, Shop & establishment registration or GST registration.
Who is eligible for startup India?
Eligibility for Startup India
Is a private limited company or registered as a partnership firm or a limited liability partnership. Has an annual turnover not exceeding Rs. 100 crore for any of the financial years since incorporation/registration.
What are the documents required for new company registration?
Documents Required for Company Registration
- Election Card or Voter Identity Card.
- Ration Card.
- Driving License.
- Electricity Bill.
- Telephone Bill.
- Aadhaar Card.
How do I register for startup?
- Register on the Startup India portal. …
- Post registration, apply for DPIIT (Department for Industrial Policy and Promotion) recognition. …
- Access the Section 80 IAC exemption application form here.
- Fill in all details with the below mentioned documents uploaded and submit the application form.
What is registration of a company?
In India, company registration is also referred to as incorporation of company or formation of a business. Registering your company makes your business a distinguished entity and gives it a legal existence. The company registration process in India is done under the Ministry of Corporate Affairs.