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We provide expert consultancy for company registration, GST, ITR filing, and FSSAI certifications, ensuring seamless legal compliance.
Registering a new firm in India involves selecting a business structure and completing the necessary legal formalities. The type of firm you choose determines the registration process, tax requirements, and compliance obligations.
For a Sole Proprietorship, registration is simple and does not require formal incorporation. A business owner can start operations with a GST registration, a shop and establishment license, and a current bank account in the firm’s name.
A Partnership Firm requires a partnership deed, which outlines the roles, profit-sharing ratio, and responsibilities of the partners. Although registration is optional, it is recommended for legal recognition and dispute resolution. The firm must obtain a PAN card, and depending on the business nature, GST registration may also be necessary.
A Limited Liability Partnership (LLP) is a separate legal entity that offers limited liability to partners. It must be registered with the Ministry of Corporate Affairs (MCA) by obtaining Digital Signature Certificates (DSC), applying for name approval, and filing incorporation documents. An LLP agreement must be drafted and registered to define the operational structure.
For a Private Limited Company, the registration process is more detailed, requiring name approval, digital signatures, director identification numbers (DIN), and incorporation documents to be submitted through the MCA portal. Once registered, the company receives a Corporate Identification Number (CIN), along with PAN and TAN for tax purposes.
An One Person Company (OPC) is suitable for individual entrepreneurs who want the benefits of a private limited company but with a single owner. The registration process is similar to that of a private limited company, but only one director/shareholder is required.
After registration, businesses must comply with tax requirements, including GST registration, professional tax (where applicable), and business licenses specific to their industry. A current bank account in the firm’s name is also necessary for smooth financial transactions.
The cost and time required for registration depend on the type of firm, government processing time, and professional fees if legal or financial experts are involved. Sole proprietorships and partnerships are quicker to establish, whereas LLPs and private limited companies take more time due to regulatory approvals.
A Partnership Firm is typically registered under the Registrar of Firms (RoF), not the Ministry of Corporate Affairs (MCA). However, if you want limited liability, you must register as a Limited Liability Partnership (LLP) with the MCA.
Required for partners to sign documents online.
Apply through certifying authorities like eMudhra, Sify, or NSDL.
2. Apply for Director Identification Number (DIN)
Obtain DIN for all designated partners through MCA Portal (SPICe+ Form).
3. Reserve the LLP Name (RUN-LLP Form)
File a name approval request on the MCA portal.
Ensure the name complies with LLP Naming Guidelines.
4. File LLP Incorporation (FiLLiP Form)
Submit details of partners, registered office, and capital contribution.
Attach documents like PAN, Aadhaar, address proof, and DSC of partners.
5. Draft & Register LLP Agreement
Define rights, profit-sharing, and responsibilities of partners.
Stamp duty varies by state.
6. Obtain LLP Incorporation Certificate
Once approved, MCA issues the Certificate of Incorporation with an LLPIN.
7. Apply for PAN & TAN
Obtain PAN & TAN for tax compliance.
8. GST & Other Registrations (If Applicable)
GST registration is needed if turnover exceeds ₹20 lakh (₹40 lakh for goods).
9. Annual Compliance
File Form 8 & Form 11 yearly with MCA.
Maintain proper financial records.
A Sole Proprietorship is the simplest business form, where a single owner is responsible for all operations.
A Partnership Firm consists of two or more individuals agreeing to share profits and responsibilities.
An LLP combines the benefits of a partnership and a company, offering limited liability to partners.
A Private Limited Company is a separate legal entity with directors and shareholders.
Yes, registration for LLP & Private Limited Company is done online via the MCA portal. For Sole Proprietorship & Partnership, registration can be done through state authorities.
Yes, but for LLPs & Private Limited Companies, a foreigner must have Indian partners or directors and comply with FEMA & FDI rules.
Yes, it can be converted by incorporating a private limited company and transferring assets, liabilities, and customers.
Yes, firms can be registered at a residential address by providing an electricity bill & rental agreement as proof.
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