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HOW TO START A NEW BUSINESS
To start a business , you need to first have business idea and then choose the form of business entity you want to register. We at TaxHills are one-stop home for all startup and business starting from company registrations online,Licensing, Managing, Protecting and Growing Business.We have listed different types of business entities.
Next you need to choose the company name and Directors/Partners for your company. We would help you getting your company registered in India as per name availability and approval from MCA .After getting required documents from you.We at TaxHills provide comprehensive Incorporation,Taxation, Finance, Accounting & secretarial services with experts CS & CA using latest Technology.
Entrepreneurial aspirations among youngsters are on the rising. Technology has opened up opportunities for businesses and made managing business easier. Also Technology has help in organizing unorganized sectors as well.The government of India has also come up with various schemes to encourage business owners. Hence, it is a highly rewarding time to start a business in India.
How it works
Different Type Of Business Entity
Private Limited Company registration
Private limited company is popular and well known business entity that is privately held. Its the most preferred form of business for Startup in India and It enjoys wide options to raise funds through bank loans, angel investors, venture capitalists, in comparison to LLPs and OPCs. It is governed by the MCA (Ministry of Corporate Affairs) and regulated by the Companies Act, 2013 and the Companies Incorporation Rules,2014. Learn More
Limited Liability Partnership (LLP)
LLP is one of the easiest types of business with an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Micro and Small businesses that are family-owned or closely-held. Since LLPs are not capable of issuing equity shares, LLP should NOT be chosen for any business that has plans for raising equity funds from Angel Investors, Venture Capitalist or Private Equity Funds. Learn More
One Person Company
Now you can form a company with just one person as shareholder and director. You need another person to become your nominee. However, an OPC needs to convert as a private/public company in case its capital crosses 50 Lacs, and the turnover exceeds 2 Crores. Learn More
A Partnership firm is a business entity created by persons who have agreed to share profits or loss of the business. An old form of business. Partnerships is good choice of business entity for small enterprises wherein two or more persons decides to contribute to a business and share the profits or losses. In India, Partnerships are widely prevalent because of its ease of formation and minimal regulatory compliance. Learn More
A sole proprietorship is a type of unregistered business entity that is owned, managed and controlled by one person. Sole proprietorship is the most common type of business in India and it is used by most micro and small businesses operating in the unorganized sectors.Proprietorship are simple to start and have minimal regulatory compliance requirements for operating. This entity is ideal for entrepreneurs who are getting into business for the first time and for small businesses with few clients. Learn More
Section 8 Company
For a social, welfare, educational or charitable activity, you may start a company under section 8 of the Companies Act, 2013. Being an incorporated entity, it enjoys more credibility as a form of Non-Governmental Organisation in comparison to traditional forms such as society or trust.In India, a non-profit organisation can be registered Learn More