Business Registration Services -- Taxezi

Starting a business can be an exciting and rewarding experience, but it can also be challenging, especially when it comes to selecting the right business structure and registering it. With complex regulations to follow, it’s important to seek the help of professional business registration and consulting services. We offer comprehensive business registration and consulting services to help entrepreneurs and businesses navigate this complex process. We provide consultation on selecting the most suitable business structure to register, based on your specific needs and goals.

We provide registration of various types of businesses, including Private Limited Companies, Limited Liability Partnerships (LLP), One Person Companies (OPC), Partnership Firms, and more. Our team of experienced professionals has a deep understanding of the Indian business environment and regulations, and we strive to provide customized and practical solutions to help our clients achieve their goals.

If you’re looking to start a business or change your existing business structure, our Business Registration & Consulting services can provide the support and guidance you need to succeed.

Our Services Include:

Registration of Private Limited Companies
Formation of Limited Liability Partnerships (LLP)
International Business Setup Support
Establishment of One Person Companies (OPC)
Formation of Partnership Firms
Payroll support
Personal and corporate tax advisory
Statutory compliance
Accounting and Reporting (MIS)
Liaisoning with statutory authorities
Obtaining regulatory approvals, licenses, and permits

Overview of Private Limited Companies

A Private Limited Company is the most successful business type. It combines the benefits of both a corporate structure and a partnership. The key features include limited liability for its members, greater stability, better creditworthiness, and a separate legal entity. Private Limited Companies are ideal for startups with high expansion potential due to easier capital raising from financial institutions.

Advantages of a Private Limited Company:

Legal Entity: The Company is a juristic person with wide legal capacity.
Limited Liability: Directors or shareholders are not personally liable.
Easy Funding: Banks and VCs prefer to finance these companies.
Business Continuity: Perpetual succession ensures continuity.
Tax Advantages: Access to more tax-deductible costs and allowances.
Easy Transferability: Shares can be easily transferred.
Dual Relationship: Individuals can be shareholders, directors, creditors, and employees simultaneously.
Capacity to Sue and Be Sued: The Company can engage in legal proceedings in its own name.

Registration Process: It takes 15-20 days to register a Private Limited Company through the SPICe INC-32 application, subject to ROC processing time.

Documents Required:

For Directors/Shareholders:

Copy of PAN
Copy of Address Proof (Aadhaar Card, Driving License, Passport, Voter ID)
One Photograph
Copy of Bank Statement/Electricity Bill/Mobile Bill/Landline Bill

For Company Address:

Proof of Registered Address (Sale Deed/Rental Agreement)
Utility Bill for the proposed company address (not older than 2 months)
NOC from the owner/occupier of the property

Overview of Limited Liability Partnerships (LLP)

A Limited Liability Partnership (LLP) offers the benefits of limited liability while allowing members to organize their internal structure as a partnership. This form is ideal for traders, manufacturers, and professionals.

Advantages of an LLP:

No Minimum Contribution: LLPs can be formed with minimal capital.
Infinite Partners: No limit on the number of partners.
Lower Registration Cost: Less expensive compared to private or public companies.
No Compulsory Audit: Mandatory only if contributions exceed Rs. 25 Lakhs or annual turnover exceeds Rs. 40 Lakhs.
Tax Benefits: LLPs are treated on par with partnership firms for income tax purposes, with no dividend distribution tax.

Disadvantages:

Penalty for Non-Compliance: Failure to file annual returns incurs significant penalties.
Inability to Have Equity Investment: LLPs cannot issue shares, making it difficult to attract certain types of investors.
Higher Income Tax Rate: LLPs are taxed at 30%, higher than some companies.

Registration Process: Registering an LLP takes 15-20 days, subject to ROC processing time.

Documents Required:

For Partners/Promoters:

Copy of PAN
Copy of Address Proof (Aadhaar Card, Driving License, Passport, Voter ID)
One Photograph
Copy of Bank Statement/Electricity Bill/Mobile Bill/Landline Bill

For LLP Address:

Proof of Registered Address (Sale Deed/Rental Agreement)
Utility Bill for the proposed address (not older than 2 months)
NOC from the owner/occupier of the property

Overview of Partnership Firms

A Partnership Firm in India is a business entity where two or more individuals manage and run the business according to a Partnership Deed.

Benefits of Partnership Firms:

Few Legal Obligations: Easier to manage compared to limited companies.
Sharing of Burden: Responsibilities and workload are shared among partners.
Effortless to Commence: Simple to start with minimal legal requirements.
Cost-Effective: Financial burden is shared among partners.

Documents Required:

Identity and Address Proof: Voter ID, PAN Card, Driving License, Passport
Rental/Lease Agreement: If premises are rented
Affidavit: Proclaiming the intention of the partnership deed
Partnership Deed: Signed by all partners
Other Documents: Indicating the name of the partnership firm

Registration Process:

Choose an appropriate name.
Fill and submit Form 1 and affidavit.
Submit the Partnership Deed and documents reflecting the principal place of business.
The Registrar will issue a registration certificate if documents comply with requirements.

Registering a Partnership Firm provides legal benefits and ensures smooth operations. At Taxezi, we aim to make the registration process as seamless and flexible as possible, providing all necessary resources for a successful registration.

Your Trusted Accounting & Taxation Partner

From finance and accounting outsourcing solutions to payroll and tax compliance, Taxezi is here to help you meet your company's needs and overcome challenges throughout every stage of your business. Connect with our experts today—we'll respond within two business days!

Contact Us:

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