We Are the Best Accounting Agency
OUR SERVICES
Proprietorship Entity
Start your business easily as a Sole Proprietor within one day. There is no specific registration requirement for a Sole Proprietorship entity. However, to get started, a few registrations are required as included in our smart plan.
About a Proprietor
A Proprietor is a person who owns and manages a proprietorship entity. He must be a living person and an Indian Resident. A proprietor cannot be a corporate or a legal entity. In a Proprietorship, the PAN and other documents of the Proprietor are the same as that of the entity. The Proprietor is alway held liable in case of any issue.
Partnership Firm
Start your Partnership Firm easily. Our dedicated team will help you to register your partnership firm across India. We will extend our support in preparation, documentation & subsequent follow-up with the registrar of firms.
About
A Partnership firm is a registered or an unregistered entity which is formed with two or more persons to run the day-to-day activities of the business and share the profits or losses as per their Profit Sharing Ration (PSR) mentioned in the Partnership Agreement.
Types of Partnership
As per the Indian Partnership Act, 1932, there are two types Partnership entities, namely:
(1) Registered Partnership
(2) Unregistered Partnership
Limited Liability Partnership (LLP)
Register your LLP anywhere in India with MYDBIZ. Our dedicated team of professionals will help you to register your LLP with online documentation and simplified process of making an application with the ROC.
About
The Limited Liability Partnership Act was introduced in the year 2008. The main edge of an LLP is that any one partner is not liable for another partner’s negligence or misconduct. Professionals, Micro and Small businesses that are family-owned or closely held flavor LLP. Since, its introduction in 2010, LLPs has been well received with over one-lakh registrations in India.
Private Limited Company
Register your Private Limited Company easily with us. Our dedicated team will help you with the required company registration documents to register your company across India.
Facts
Private Limited Companies are the most popular corporate legal entities in India. The private limited company registrations in India are governed by the Ministry of Corporate Affairs.
Requirments
A minimum of two persons are required to act as Directors and shareholders for incorporating a Private Limited Company. A corporate entity or a natural person can be the shareholder of a private limited company. Director can only be a living person with one Director being a resident and Indian Citizen
Foreign Subsidiary
A foreign subsidiary is an overseas company owned or controlled by a larger enterprise based in another country. Foreign subsidiaries are separate legal entities and must comply with the law of the local jurisdiction. They're also responsible for their own assets and taxes.
Attributes
A subsidiary operates as a separate and distinct corporation. Corporations are allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions. from its parent company.
Determine a Subsidiary
To be designated a subsidiary, at least 50% of a firm's equity has to be controlled by another entity. If the stake is less than that, the firm is considered an associate or affiliate company
Fact
However, in order to initiate a worthwhile venture in each new country. Corporate policy toward compensation and other HR issues. Compliance risk for payroll, taxation and immigration rules.
Change of Registered Office
Procedure for transfer of jurisdiction from companies of a registrar to a registered office within the same state. Procedure for transfer of registered office from one state to another.
We Provide
Change of Registered Office Within local limits of the Same City/ Town/ Village; Shifting of Registered Office From one City to Another City within same ROC/State; Shifting of the Registered Office from one city to another within the same ROC; Shifting of Registered Office from one State to Another.
Adding of Directors or Promoters
Though appointed on a temporary basis, an additional director is vested with the same powers of a director.
Promoter Performs
The Promoter Performs the following main functions:
(1) To conceive an idea of forming a company and explore its possibilities.
(2) To get the Memorandum of Association (M/A) and Articles of Association (A/A) drafted and printed.
(3) To make preliminary contracts with vendors, underwriters, etc.
(4) To make arrangement for the preparation of prospectus, its filing, advertisement and issue of capital.
(5) To arrange for the registration of company and obtain the certificate of incorporation.
(6) To defray preliminary expenses.
(7) To arrange the minimum subscription.
Removal of Directors or Promoters
A Company has the authority to remove a Director by passing an Ordinary Resolution, given the Director was not appointed by the Central Government or the Tribunal. A Board Meeting will be called by giving seven days' notice to all the directors
Procedure
A Company has the authority to remove a Director by passing an Ordinary Resolution, given the Director was not appointed by the Central Government or the Tribunal. A Board Meeting will be called by giving seven days' notice to all the directors
Increasing Authorized Capital
An increase in capital is a method of company financing that consists of increasing its own company funds by increasing its capital stock
Good Capital
Capital growth, or capital appreciation, is an increase in the value of an asset or investment over time. Capital growth is measured by the difference between the current value, or market value, of an asset or investment and its purchase price, or the value of the asset or investment at the time it was acquired
Share Transfers
A share transfer is the process of transferring existing shares from one person to another; either by sale or gift. This article will cover how to transfer existing shares within your company
Account for share transfers
One needs to fill out a DIS (Delivery Instruction Slip). ISIN number of the shares to be transferred, name of the company (security), demat account and DP ID of the account to which the shares are being transferred must be filled up in the form
Agreement
A corporate stock transfer agreement, also known as a share purchase agreement or a stock purchase agreement, is used to sell or transfer one's shares in a company to another individual.
Trademark Registration
Trademark registration helps in establishing ownership and protecting the brand of an entity. File a trademark registration application online with us in less than a day.
About
A trademark is a type of Intellectual Property with a recognizable design, expression or sign to distinguish your products or services from those of others. The owner of a trademark can be an individual, business organization or any legal entity.
Benefits of Trademark Registration
In case of an infringement of a registered trademark, the owner of the mark can get legal remedy. A court may grant relief for trademark infringement or for passing off. Trademark infringement relief can be provided thru an injunction, damages or an account of profits, together with or without any order for the deliver-up of the infringing labels and marks for erasure or destruction.
Copyright Registration
As both published and unpublished work can be registered under Copyright Act. Author has the complete right, so without his/her permission nobody can use the work for commercial gain. Only the author has right to distribute, to copyright, to translate and the right to adaption of some work.
Benefits
Let’s discuss some benefits of getting copyright registered for your work:
(1) Copyright registration creates a public record. It tells the world that your work is protected by copyright and also enables a person who wants to licence your work to find you.
(2) It enables you to file a lawsuit and take legal action against someone who infringes your copyright, say by selling copies of your work without your permission.
(3) It provides you with economic benefits by entitling you to use your work in various ways like making copies, performing in public, broadcasting your work etc, and availing appropriate reward for it. Thus, it provides you with a reward for your creativity.
(4) It allows you to sell or pass the rights of your work.
Patent Registration
Patents provide exclusive right to make use the exercise of his invention. The Act provides exclusive rights to the Inventor and also provides him the valuable monetary right which he can use for his own advantage either by using it himself or by conveying the privileges to others.
ACT
Patent Right varies from country to country. In India the law which govern patent right is "Indian Patent Act 1970". Indian Patent Act, 1970 grants exclusive right to the inventor for his invention for limited period of time. Generally 20 years time has been granted to the patent holder but in case of inventions relating to manufacturing of food or drugs or medicine it is for seven years from the date of patent.
Digital Signature Certificate (DSC)
Instantly apply for digital signature online through us and get same-day service in most cities in India.
About
Digital Signature (DSC) is a physical signature in an electronic format. Digital Signatures are used in India for online transactions such as Filing Annual Returns, Company or LLP Incorporation Forms, Income Tax E-Filing, E-Tenders, etc. It establishes the identity of the sender while filing or sending documents electronically through the Internet.
Udyam (MSME) Registration
Udyog Aadhaar (MSME) registration can be obtained by business entities to avail various benefits, subsidies and schemes created by the Government of India.
About
Udyog Aadhaar (MSME) registration is a certificate given to micro, small, medium-sized businesses in India under the Micro, Small and Medium Enterprise Development Act, 2006. The process for obtaining MSME registration has been made online by the government. We at MyDBiz help you in obtaining MSME registration for your entity in 1 working day.
Import Export Code (IEC) Registration
Import Export Code is a mandatory for all entities involved in the import of export of goods and services. We help you get your IE Code at an affordable cost.
About
Import Export Code (IEC) is a mandatory prerequisite for all entities involved in the import of export of goods and services. It is a pan-based registration; hence, against one pan number the director general of foreign trade can issue only one IE Code.
FSSAI Registration
FSSAI registration or license is required for all entities involved in the activities of production, distribution and transportation of food products. Apply for FSSAI registration online through us easily with expert support.
About
The Food Safety & Standards Act, 2006, which was introduced to improve the hygiene and quality of food, has brought about tremendous changes in the food industry. The FSSAI Registration or License is location specific and is also term bound.
Registration of food business is mandatory in India to regulate their manufacture, storage, distribution and sale, to ensure availability of safe and wholesome food for human consumption. It is generally applicable to small businesses.
ESI Registration
Full medical and surgical care are provided to persons registered under ESI and his dependents without any limit in ESI dispensaries and hospitals including a supply of medicine, ambulance services, and super specialty consultation
Benifits
benefits that are offered with ESI are:
(1) Confinement Expenses.
(2) Funeral Expenses.
(3) Physical Rehabilitation.
(4) Vocational Training.
(5) Skill Upgradation Training under Rajiv Gandhi Shramik Kalyan Yojana (RGSKY)
Sole Proprietorship Entities
Start your business easily as a Sole Proprietor within one day. There is no specific registration requirement for a Sole Proprietorship entity. However, to get started, a few registrations are required as included in our smart plan.
Advantages of a Sole Proprietorship
The biggest advantage in starting a Sole Proprietorship is the ease of startup. It is a simplified and less expensive business organisation.Some of the other advantages are as follows:
(1)The Proprietor will be having the complete control over the business.
(2)A Sole Proprietorship entity requires very minimal reporting requirements.
(3)The sole proprietorship tax advantages are simplified reporting requirements and not having to pay separate taxes for the business.
Partnership Firm
LStart your Partnership Firm easily. Our dedicated team will help you to register your partnership firm across India. We will extend our support in preparation, documentation & subsequent follow-up with the registrar of firms.
Types of Partnership
As per the Indian Partnership Act, 1932, there are two types Partnership entities, namely:
(1) Registered Partnership
(2) Unregistered Partnership
One Person Company (OPC)
One Person Company (OPC) registration is easy when done by MYDBIZ. Our dedicated team will help you register your OPC across India. We will extend our support in documentation, preparation, filing and subsequent follow-up with ROC.
Process of OPC Registration
We offer end to end solution for setting up your company. The process for incorporation of a One Person Company can be divided into four steps as under:
(1) Applying For Digital Signature
(2) Apply for RUN (Reserve Unique Name)
(3) Incorporation Filing
(4) Commencement of Business
Limited Liability Partnership (LLP)
Register your LLP anywhere in India with Mavens Coptax LLP. Our dedicated team of professionals will help you to register your LLP with online documentation and simplified process of making an application with the ROC.
Process of an LLP Registration
We offer end to end solution for setting up your LLP. The process for incorporation of a Limited Liability Partnership Firm can be divided into four steps as under:
(1) Applying For Digital Signature
(2) Apply for RUN (Reserve Unique Name)
(3) Incorporation Filing
(4) Commencement of Business
GST Registration
All entities involved in buying or selling goods or providing services having revenue of more than Rs 20 Lakhs should register for GST. Complete your GST registration online with us in less than 5 working days
Turnover Exceeds INR 20 Lakh
If the aggregate turnover is more than INR 20 lakh (INR 10 lakh for North Eastern States), then GST registration is necessary and must be obtained within 30 days of reaching the threshold.
Inter-state Sales
If your business is engaged in supplying of goods or services to customers in another state, then regardless of your turnover, GST registration has to be obtained before commencing any interstate trade.
Compulsory Registration
For casual taxable person, or those need to pay tax on RCM, Non-Resident taxable person, Input Service Distributor, E-commerce Operator etc., it is compulsory to get the GST registration irrespective of the turnover.
GST Return and Filling
All person having GST registration must file GST annual return. We offer an easy process for filing GST Annual Return at an affordable cost, which is completed in 8-10 working days.
GSTR-9
All entities having GST registration are required to file GST annual return in Form GSTR-9.
GSTR-9A
All entities that have opted for the GST Composition Scheme are required to file GST annual return in Form GSTR-9A
GSTR-9C
Every registered person whose aggregate turnover during a financial year exceeds two crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 of the CGST Act, and shall furnish a copy of the audited annual accounts and a reconciliation statement, duly certified, in Form GSTR-9C.
GST Letter-of-Undertaking (LUT) Filing
Exporters to enable exports from India without making IGST payment can file GST LUT. We offer an easy online process in filing GST LUT or Export Bond at an affordable cost.
Letter of Undertaking for Exports
According to the Central Goods and Services Tax Rules, 2017 any registered person exporting goods without payment of integrated tax (IGST) is required to furnish a bond or a Letter of Undertaking in Form GST RFD-11.
Export Bond for GST
Entities that are not eligible to submit a Letter of Undertaking would have to furnish an export bond along with bank guarantee. The bond should cover the amount of tax involved in the export based on estimated tax liability as assessed by the exporter himself. Export bond should be furnished on non-judicial stamp paper of the value as applicable in the State in which the bond is being furnished.
Temporary GST Registration
A taxable person under GST is anyone who is registered under GST or required to be registered under GST. Various criteria’s like turnover, business activity or transaction have been specified in the GST Act, which details persons liable to be registered under GST. Further, any person having registration under Service Tax, VAT or Central Excise on the date of GST coming into force will automatically be considered a taxable person under GST.
Who is a Temporary taxable person under GST registration?
The Goods and Service Tax Act defines a casual taxable person as a person who occasionally undertakes transactions that involve the supply of goods or services or both.
Hence, individuals running temporary businesses in fairs or exhibitions or seasonal businesses will need to get casual taxable person GST registration.
Casual taxable person GST registration is necessary irrespective of the annual turnover, and the process must be initiated at least five days before the business undertaking.
GST registration application for casual taxable persons can be made using FORM GST REG-01.
Accounting
Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions
Tax
The purpose of taxes is to provide the government with funds for spending without inflation. Taxes are used by the government for a variety of purposes, some of which are: Funding of public infrastructure. Development and welfare projects. Defense expenditure
Financial Services
Financial services is a broad range of more specific activities such as banking, investing, and insurance. Financial services are limited to the activity of financial services firms and their professionals, while financial products are the actual goods, accounts, or investments they provide.
Growth with Us
The process of improving some measure of an enterprise's success. Business growth can be achieved either by boosting the top line or revenue of the business with greater product sales or service income, or by increasing the bottom line or profitability of the operation by minimizing costs