Proprietorship
Description

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business

Advantages Of Proprietorship

Easy to Kick Start

Less Tax Liability

Business Styles

Cost

Basic TAN + MSME = 1099/-

Advance TAN + MSME+ Service Tax Registration = 3000 /-

Super Advance ( Services ) TAN+ MSME+ Service Tax Registration + Trade Mark = 12500 /-

Super Advance ( Sales ) TAN+ MSME+ Service Tax Registration + Trade Mark + Sale Tax ( TIN & CST ) = 23500 /-

 
Partnership
Description

A partnership is an arrangement in which two or more individuals share the profits and liabilities of a business venture. Various arrangements are possible: All partners might share liabilities and profits equally, or some partners may have limited liability.

Advantages Of Partnership

Businesses as partnerships do not have to pay income tax; each partner files the profits or losses of the business on his or her own personal income tax return. This way the business does not get taxed separately. Easy to establish.

Cost

Basic Deed+ Pan + Seal + Deed Registration =4500/-

Advance TAN + Deed+ Pan + Seal + Deed Registration + Service Tax Registration = 6000 /-

Super Advance ( Services ) TAN + Deed+ Pan + Seal + Deed Registration + Service Tax Registration + Trade Mark = 14000 /-

Super Advance ( Sales ) TAN + Deed+ Pan + Seal + Deed Registration + Service Tax Registration+ Trade Mark + Sale Tax ( TIN & CST) = 27500 /-

 
Company – Private Ltd
Description

Private Limited Company will be registered with the Ministry of Corporate Affairs under the Companies Act, 2013. The choice of name provided by the Promoter must be approved by the Registrar of Company. Only names that are not identical / similar to an existing company or LLP name and names that are not offensive or illegal would be allowed. The name of the entity will end with the words “Private Limited Company”. Private Limited Company is a separate legal entity registered under the Companies Act, 2013. The Directors and Shareholders of a Private Limited Company are not personally liable for the liabilities of the Company. Shareholders have limited liability and are liable only to the extent of their share capital. A minimum of two persons are required to start a Private Limited Company. A Private Limited Company can only have a maximum of 200 shareholders or members. Foreigners are allowed to invest in a Private Limited Company under the Automatic Approval route in most sectors. Ownership can be transferred by way of share transfer. Existence of a Private Limited Company is not dependent on the Directors or Shareholders. It Could be dissolved only voluntarily or by Regulatory Authorities. Private Limited Company profits are taxed at 30% plus surcharge and cess as applicable. Board and General Meetings must be conducted periodically. Private Limited Company must file Annual Accounts and Annual Return with the Registrar of Companies each year. Income Tax Return must also be filed for the Private Limited Company

Cost

Basic Company Formation - 14500/-

Super Advance ( Services ) Company Formation + TAN + PAN + Service Tax = 18500/-

Super Advance ( Sales ) Company Formation + TAN + PAN + Service Tax+ Sale Tax = 33500/-

 
Limited Liability Partnership
Description

LLP will be registered with the Ministry of Corporate Affairs under the Limited Liability Partnership Act, 2008. The choice of name provided by the Promoter must be approved by the Registrar of Company. Only names that are not identical / similar to an existing company or LLP name and names that are not offensive or illegal would be allowed. The name of the entity will end with the words “Limited Liability Partnership” or “LLP”. LLP is a separate legal entity registered under the LLP Act, 2008. The partners of a LLP are not personally liable for the liabilities of the LLP. Partners have limited liability and are liable only to the extent of their contribution to the LLP. A minimum of two persons are required to start a LLP. A LLP can have unlimited number of Partners. Foreigners are allowed to invest in a LLP only with prior approval of Reserve Bank of India and Foreign Investment Promotion Board (FIPB) approval. Ownership can be transferred. Existence of a LLP is not dependent on the Partners. It Could be dissolved only voluntarily or by an Order of the Company Law Board. LLP profits are taxed at 30% plus surcharge and cess as applicable. No requirements to conduct annual statutory meetings. LLP must file Annual Statement of Accounts & Solvency and Annual Return with the Registrar each year. Income Tax Return must also be filed for the LLP.

Cost

Basic Company Formation - 11500/-

Super Advance ( Services ) Company Formation + TAN + PAN + Service Tax = 16500/-

Super Advance ( Sales ) Company Formation + TAN + PAN + Service Tax+ Sale Tax = 31500/-