Start A Business

Since every business needs to comply with the necessary legal implications aspect and maintain the perfect balance, a founder or co-founder is required to choose the right business structure. Experts in India are engaged in rendering business registration services from years. Valcus is one such service solution provider you can trust upon.

At Valcus, we guide you through the complete business registration process after understanding your business requirements. We do a proper analysis and help you to start your own business in no time. We get your business registered without any hassle.

To start a new business is not just simple to just buy any product from somewhere or manufacture any product and just sell. These consist of a long process for it. Well, the very first thing that comes is just to understand the term Business and its necessity. “Business is work relating to the production, buying, and selling of goods or services, not once but on regular basis, for consideration in terms of money or other products.”

“It is an organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.”

After you have understood and have gathered sufficient knowledge of Business, the second comes what we want to do….? Like, what kind of business we want to do? What will be our product? How and from where do we get sufficient funds for starting up? There are so many questions that can arise in your mind.

For every business whether you wish to go for a private limited company, public company, or plan for a start-up business you need to strictly follow and abide by the legal compliances. The legal requirements differ based on the type of business type you choose. For instance, an income tax needs to be filed by a sole proprietor while annual returns need to be filed by a company. Also, the company needs to file an income tax return with the registrar of companies in the country you wish to get your company registered.

Finding a professional service provider offering company registration services is a daunting task. You will come across many service providers while you explore online that will leave you confused. So it is suggested not to fall prey to the eye-catching advertisements of companies acclaiming to being one of the best in the city or country.

Experts advise you not to take hasty decisions while shortlisting a professional business registration service provider as it can result in disappointment. It is very well said, “Well begun is half done” and so it is better to do a good start with a positive approach. On this page, you will come across the essential detail and the type of company you can go to for registration.

Let us discuss it in detail –

STARTING A BUSINESS – INDIAN OWNERS

There is five option for us out of which we need to choose one. It is the category of our Business in India.

Valcus Provides Businesses registration solutions for the following:

1. Proprietorship
2. Partnership
3. Limited Liability Partnership
4. One Person Company
5. Private limited company

Now let us learn more about the different business structures one by one:

1. Proprietorship

A sole proprietorship is a type of unregistered business entity that is owned, managed, and controlled by one person. A sole proprietorship is one of the most common forms of business in India, used by most micro and small businesses operating in unorganized sectors. In this case, there is no need for huge capital or investment. A Proprietorship firm is the best option for an individual willing to commence a business with a small investment, low risks, less tax liability, and hassle. For detailed information on company registration, you can consult us at Valcus in Delhi, India.

2. Partnership

A partnership firm is an organization that is formed with two or more persons to run a business with a view to earning a profit. Each member of such a group is known as a partner and collectively known as a partnership firm. These firms are governed by the Indian Partnership Act, 1932 where there may be a need for a huge capital or investment. The important thing to note when you compare Proprietorship with a Partnership firm is that under Proprietorship, we are the only one who has complete control over a business but in the case of a Partnership firm, whether we want or not we have to take a Partner’s consent before taking any kind of decision. Also, in the case of a partnership, we are not the only person who has to bear all profit and loss of a Business. This will be distributed among the partners in the pre-decided ratios and as per Partnership ACT, 1932, equally.

3. Limited Liability Partnership

A Limited Liability Partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have Limited Liabilities. It, therefore, can exhibit elements of partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner’s misconduct or negligence. LLP is a great combination of the right and duties of a Company and a Firm. Valcus can help you with more information on it and the documentation essential for business registration.

4. One Person Company (OPC)

As the name suggests, it refers to the company type where a single person is an owner, unlike a proprietorship firm. The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single-person economic entity. Starting a solo company is easy and free from hassle. The Proprietorship business structure in the company types is the same as One Person Company where the owner is the only one who has complete control or right over the company. There is no third-party interference.

Types of OPC

• OPC limited with Guarantee
• OPC limited with Share Capital
• OPC unlimited company

5. Private Limited company

A private limited company, or LTD, is a type of privately held small business entity, in which owner liability is limited to their shares. The firm is limited to having 50 or fewer shareholders, and shares are prohibited from being publicly traded. A company becomes an independent legal structure when it incorporates.

STARTING UP A NEW BUSINESS FOR FOREIGN OWNERS

• When the Owner is a foreign national?
• Foreign Individual or Foreign ownership
• The control of a business or natural resource in a country by individuals who are not citizens of that country or by companies whose headquarters are located in another country

Below are the categories of businesses he or she can commence with:

1.Subsidiary of a Foreign Company

Reserve Bank of India allows 100% FDI in many of the sectors in India under the automatic route. The process for ownership of shares of an Indian Company by a Foreign National or Foreign Entity is simple. A Wholly Owned Subsidiary company is an entity in which 100 percent of shares are held by another company.

2.Branch office of foreign company

Every Branch office registered with RBI shall get itself registered with the Ministry of Corporate Affairs. It is a registration by the Branch office as an establishment of a foreign company in India. On such registration is a CIN i.e., a Corporate Identity Number is allotted by the Registrar of Companies.

3.Liaison Office Registration In India

Setting up a liaison office in India – Foreign companies can open a liaison office in India to facilitate and promote the parent company’s business activities, and act as a communications channel between the foreign parent company and Indian companies.

4.Project Office Registration in India

The RBI has issued general permission for the establishment of a Project Office by a foreign corporation in India and provided a written agreement for the execution of a project that has already been signed between the foreign company and the Indian government or any other private party.

Special Entities

FOREIGN DIRECT INVESTMENT IN INDIA

Foreign Direct Investment (FDI) in India is a major monetary source for economic development in India. Foreign companies invest directly in fast-growing private Indian businesses to take benefits of cheaper wages and changing business environment in India.

PUBLIC LIMITED COMPANY

A limited company grants limited liability to its shareholders and to a lesser extent, its management. Being a public company, it allows a business to sell shares to investors in order to raise capital as and when required.

SECTION 8 COMPANY

Section 8 Company is named Section 8 of the Companies Act, 2013, which pertains to an established ‘for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other objective’, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Therefore, Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013 for charitable or not-for-profit purposes.

TRUST REGISTRATION

A trust can be created by the execution of a trust deed. There are two types of trust. A public trust (charitable trust) is created for the benefit of the general public whereas a private trust is created for the benefit of a particular group of individuals known as the beneficiary.

SOCIETY REGISTRATION

Societies are usually registered for the advancement of charitable activities like sports, music, culture, religion, art, education, etc. Society registered under the Society Registration Act in India lay down certain procedures for the sake of society registration & operations. Every entity needs to follow and abide by the procedures, legal compliances, and the essentialities of society registration in India.

Unlike other successful businessmen, if you too wish the starting up a high-yielding entity, we are here to help you at every stage. Going for the Pvt ltd company registration is no more a matter to worry about. Transfer all your responsibilities to us and feel relaxed. We are known for our commitment and highly satisfactory solutions.  

Now there is no more need for you to worry about your new company registration in India. We are a team of professional experts in different areas of business. If you are NRI or a foreign country citizen willing to go for Pvt ltd company registration in India, we guide you through the mandatory documentation, compliances, and processes.

The teams at Valcus Pvt. Ltd. aim at client satisfaction and leave no scope for disappointment. We are available 24×7 at your service. We are the one-stop destination for the registration of companies in India. With us, you get the advantage of data privacy, competitive consulting charges, professional services, a pool of professional experts in their domain, and proven industry experience.

Contact us or allow us to get in touch with you at your convenient time for the discussion related to your business registration including Pvt ltd registration in India or at other locations. You can alternatively write to Valcus on our published email address for quick communication.