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
Private & Public Limited Company
Register your Public Limited Company and Private Limited Company easily with us. Our dedicated team will help you with the required company registration documents to register your company across India.
Process of Private Limited Company Registration
We offer end to end solution for setting up your company. The process for incorporation of a Private Limited Company can be divided into four steps as under:
(1) Obtaining Digital Signatures
(2) Obtaining Name Approval
(3) Incorporation Filing
(4) Commencement of Business
Process of Public Limited Company Registration
We offer end to end solution for setting up your company. The process for incorporation of a Limited 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
Indian Subsidiary
Any foreign national except the citizens of Pakistan and Bangladesh or an entity that is formed and is operating outside India can invest in the Indian market.
Key features of wholly owned Indian Subsidiary
(1) A wholly-owned business is totally controlled by the Indian law, i.e. the Companies Act 2013.
(2) Under this all kinds of business practices, which includes the production, marketing, and service industries, are permitted.
(3) Where 100% (FDI) is permitted, no prior approval is required or necessary for the RBI (Reserve Bank of India).
(4) It is also considered a domestic company under the tax law and is also permitted, as applicable to all the other Indian companies, to all deductions and allowances from the deduction.
(5) Here funding in generally pooled capital and loans could also be issued.
Nidhi Company
Register your Nidhi Company easily with us. Our dedicated team will help you with the required company registration documents to register your company across India
Process of Nidhi Company Registration
To start a Nidhi Company, we have to first incorporate a Public Limited Company by having a minimum of three Directors and seven shareholders. During incorporation process, proper care is required to be taken while drafting the Memorandum of Association (MoA).
After incorporating a Public Limited Company, the Nidhi Company must meet all of the following criterias within a period of one-year:
(1) Not have less than two hundred members/shareholders.
(2) Having Rs 10 lakhs or more Net Owned Funds (NOF).
(3) Have a ratio of Net Owned Funds to deposits of not more than 1:20.
(4) Have unencumbered term deposits of not less than ten per cent of the outstanding deposits.
Producer Company
Register your Producer Company easily with us. Our dedicated team will help you with the required company registration documents to register your company across India
Advantage
In a Producer Company, you can appoint agriculturist members and accept deposits in the form of RD/FD and provide them maturity as well as distribute loans to your farmer members and charge interest from them.
ACT
The Companies Act defines Producer as any person engaged in any activity connected with or relatable to any primary produce. A Producer Company is thus a body corporate having objectives of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit.
Section 8 Company (NGO)
Register your Section 8 Company easily with us. Our dedicated team will help you with the required company registration documents to register your company across India
Fact
Section 8 companies are suitable for non-profit organizations. They are similar to Trusts and Associations. As per the law, in case if the proposed Section 8 company is a private limited then minimum two promoters are required and in case of a public limited section 8 company, then a minimum of 7 persons must be the promoters of the company. A Section 8 Company is eligible for certain exemptions from provisions of law and a concessional rate of fees. The process of incorporation of a section 8 companies are similar to that of any other company registration in India with an additional requirement of seeking a prior license from the central government under section 8 of the companies act, 2013.
Company Registrations in United States
If you don't live in the US, but want to start a business there, you will need to register the company Mavens Corptax LLP help you to Register your Company in USA.
WORK PERMIT
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COMPANY STRUCTURE
One has to choose between a Limited Liability Company (LLC) or a corporation (C).
BANKING
While it is not required to register your company, an Employer Identification Number (EIN) is necessary to open a bank account and to secure a business license
Beatae veritatis
While a foreign citizen may work as a director in the US, he or she may not receive a salary unless they have a work permit. While some licenses allow foreigners to work for any employee others, will enable them to work for only a sponsoring employer.