Why Business Registration?
- Enhances brand image value which changes the perception of your customers.
- Enhances the identity & adds credibility to your business operations.
- Acts as a tool for tax planning as saving every one rupee matters.
- Personal assets of owners remain untouched for the liabilites of business.
- Attracts for opportunities of funding like investments & loans.
How to apply For Registration?
- Its as easy as – sit back & relax.
- Because, its we who take the entire responsibility to make it done for you.
- Our experienced professionals will guide you in this regard.
- Just give us the required documents & take away the registration certificate upon approval.
- Join us & kickstart your business by taking it to another level.
Registration Types
Partnership Firm
- Approval by State Government (Registrar of Firms)
- Non-Corporate legal entity status
- Unlimited liability of partners
- Partners liability is jointly & several
- No way to raise funds from investors
- Low maintenance
LLP
- Approval by Central Government (Registrar of Companies)
- Corporate legal entity status
- Limited liability of partners
- Partners liability is jointly & not several
- Unlikely to raise funds from investors
- Average maintenance
Company
- Approval by Central Government (Registrar of Companies)
- Corporate legal entity & seperate legal entity status
- Limited liability of share holders (owners)
- Owners liability is jointly & not several
- Likely to raise funds from investors
- High maintenance
Key Insights
Firm: Joint & Several Liability
All parties are equally responsible for the 100% of liability of the business. In other words, each party named can be sued for repayment of the entire amount due.
LLP & Company: Limited Liability
Owners enjoys limited liability to the extent of capital invested. owners personal assets are safe & protected in the event of the business insolvency.
Company: Seperate Legal Entity Status
Directors (Managers) & shareholders (Owners) can be different. Shareholder who invest the funds & director who manages the business.
Documents Required
- Form: 1 Declaration
- Duly Signed Partnership Deed
- Passport Size Photo of all partners
- KYC Documents of all partners (Such as PAN Card & Aadhar Card)
- Rent or Lease Agreement
- Latest Electricity Bill
- Subscriber sheet and Consent to act as designated partner in prescribed format
- List of directors & designated partners in other entites, if applicable.
- Duly Signed LLP Agreement
- Declaration for authorised signatory for GST registration
- Digital Signature Certificate (DSC) of all designated partners
- Passport Size Photo of all partners
- KYC Documents of all partners (Such as PAN Card & Aadhar Card)
- Identity Proof (Such as Voter ID Card or Driving License or Passport)
- Rent or Lease Agreement
- Latest Electricity Bill
- ROC Forms certified by a Chartered Accounant
- DIR-2: Consent to act as director
- Specimen signature card for PF & ESI registration (cumpulsory).
- Declaration for authorised signatory for GST registration
- List of directors & designated partners in other entites, if applicable.
- Memorandum of Association
- Articles of Association
- INC-9: Certified by a Chartered Accountant
- Digital Signature Certificate (DSC) of all directors
- Passport Size Photo of all partners
- KYC Documents of all partners (Such as PAN Card & Aadhar Card)
- Identity Proof (Such as Voter ID Card or Driving License or Passport)
- Rent or Lease Agreement
- Latest Electricity Bill
- ROC Forms certified by a Chartered Accounant
Our Process
1. Expert Assigned
2. Submit Documents
3. Online Payment
4. Job Done
Frequently Asked Questions
The partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
The amount of stamp duty is determined by two factors 1) capital contribution by partners 2) the state in which you are planning to form your partnership firm.
A firm can take birth in two ways
- Legal registration with the respective state Registrar of Firms
- Submitting with PAN Authorities, the duly signed and notarized Partnership deed.
Yes, you can name the firm in whatever way you need. However that business name is not secured under laws from being copied. We recommend you to incorporate LLP or company if you want to protect your business name.
LLP has all features of partnership firm with an extra benefit of limited liability of partners. It also safeguards the business name from being copied by competitors.
Company has all the features of LLP with few extra benefits such as opportunity to call investors, tax efficient structures, owners & managers are different, etc,.
No, for that you shall need to go for trademark registration. It grants security of their brand becoming their intellectual property. It prevents others from copying or stealing our brand.
Very Difficult as both are governed by two different government ‘Registrar’ i.e State Govt Registrar of Firms for Partnership Firm & Central Govt Registrar of Companies for LLP & Company.
Not that easy & not that Difficult. The LLP need to be murdered & company need to evolve with settled accounts & dissolution of LLP.
- Partnership Firm: Not easy irrespective of its age.
- LLP & Company: Easy to close adopting fast track exit process if no business commenced.
Yes, LPC Servies is an online platform serving all over India no matter wherever you do business. All you need is internet connection on your mobile or desktop and we are ready to get your job done.
No, You don’t need to be physically present for the process, LPC Servies is an online platform which can make things done easy. All you need is internet connection in your phone/computer and the required documents in hand. We can get your job done no matter what even if you are residing in remote location of the India.