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.
