Business Solutions
Accounts Outsourcing:
Accounts forms the back bone of every business. Recording transactions properly helps track income and expenditure, thus enabling in making correct business decisions. We provide accounts outsourcing whereby you can concentrate on business and leave the day-to-day accounting to us.
Tax planning – Taking Advantage of tax Deductions, and Showing Expenses and Income in Right manner without missing any important details helps you in maximizing the income to the greatest extent.
WAYS TO START BUSINESS IN INDIA:
| Features | Sole Properties | Partnership | Limited Liability Partnership (LLP) | Private Limited Company |
| Starting up | No registration required | Registration is optional | Mandatory Registration | Mandatory Registration |
| Business Name | No approval required. Should not infringe trademark or copyright | No approval required. Should not infringe trademark or copyright | ROC Approval required prior to incorporation | ROC Approval required prior to incorporation |
| Separate Legal Status | Not a legal entity | Not a separate legal entity | Separate legal entity | separate legal entity |
| Foreign Nationals – As Partners /Directors | Not allowed | Not allowed | Allowed. Min 1 resident partner needed | Allowed subject to certain rules |
| Persons | One | Min: 2,Max : 20 | Min: 2,Max : No Limit | Min: 2,Max : 200 |
| Repatriation | Not allowed | Not allowed | Not allowed | Allowed |
| Charter Document- Registration Document | GST Registration,
Udyam Registration |
Partnership Deed | LLP Agreement | Memorandum of Association (MOA) AND Articles of Association (AOA) |
| Validity | Till death of owner | Dissolved on death of a partner. Can be dissolved at the will of all partners or even one partner can give notice for dissolving. | Perpetual Succession | Perpetual Succession |
| Registering Authority | None | Registrar of Firms | Registrar of Limited Liability Partnerships, MCA | Registrar of Companies, MCA |
| Compliance Requirements | Low | Low | Moderate | High |
| Income Tax Rates | Individual rates | 30% | 30% | 25% – Different Rates Applicable based on exemptions |
| Liability | Unlimited Personal Property is also covered |
Unlimited Personal Property is also covered |
Limited upto contribution LLP (except in case of Fraud) |
Limited upto extent of shares hold (except in case of Fraud) |
| Capacity to Sue | Individual level | As a Firm (in case of registered firms).Individually/Collectively (in case of not registered firms) | As a Firm | As a Company |
| Market Reputation | Low | Low | Moderate | High |
| winding up/Dissolution | Easy | Easy | Prescribed process to be followed | Prescribed process to be followed |
Other start up ways: Hindu Undivided Firm (HUF), Foreign Company, Public Ltd. Company, etc