Say goodbye to delays and complications! Register your business with India’s #1 provider of company incorporation services. We guarantee document uploads to the MCA at the earliest. (*T&C apply).
Our company brings a wealth of experience and deep expertise to efficiently manage all your financial needs. Our team comprises highly skilled professionals with profound knowledge of accounting principles, tax regulations, and advanced financial strategies.
Our dedicated team of trained and experienced graduates handles your registration process, which is further verified by independent qualified professionals. We adhere to a strict Maker and Checker concept to ensure accuracy and reliability.
Our Tax Compliance WhatsApp Group acts as your personal assistant for tax work, alerting you about upcoming compliances to ensure you never miss any important updates.
Submit the company registration form to start the process.
Provide scanned copies of the necessary documents.
After document submission, we will issue your Digital Signature Certificate (DSC).
We prepare the Memorandum of Association (MOA), Articles of Association (AOA), and other related documents.
We will send you all documents for your verification.
We will submit all registration-related forms and documents to the Registrar of Companies (ROC) on your behalf.
All fileds are mandatory
A One Person Company (OPC) is a type of company where a single person owns and runs the business. It's an ideal structure for entrepreneurs who want to start a business with limited liability, meaning they are not personally responsible for the company's debts. OPCs are preferred over sole proprietorships due to several advantages and ease of setup.
When you register an OPC, it becomes a separate legal entity, distinct from the owner. This means the company has its own assets and liabilities, protecting the owner's personal assets if the company fails to meet its financial obligations. In contrast, sole proprietorships do not offer this protection, exposing the owner's personal assets to business liabilities.
If you’re considering starting your own business and want to benefit from limited liability, you can register an OPC in India. FAST Solutions can assist you throughout the registration process.
An OPC is a separate legal entity, meaning the owner has limited liability. Unlike a sole proprietorship, the owner's personal assets are protected from the company’s liabilities.
An OPC has perpetual succession, meaning it continues to exist even if the owner changes or leaves. The company's existence is not affected by the status of its owner.
An OPC, being a private limited structure, is preferred by many organizations for business dealings over sole proprietorships, enhancing credibility and trust.
Due to the transparency and mandatory compliances, banks and financial institutions are more inclined to lend to OPCs compared to sole proprietorships.
OPCs enjoy various exemptions from compliance requirements under the Companies Act, 2013, making it easier to manage.
An OPC can be easily converted into a private limited company or a limited company, allowing the addition of more shareholders as the business grows.
Limited Liability Partnership can be started merely by Two Partners and can have as many partners as it wants. However, out of all the partners in LLP at least one of the partner should be an Indian resident Individual.
An Individual or company or any other LLP can become a partner in LLP. In case of Individual partner, his age should be at least 18 years and should not be held liable for any offence. However, an LLP should have at least two individuals as a partner.
Yes, your family members like your brother, sister, parents, or other relatives are eligible to become part of your LLP. But, the people who are minor, criminally prosecuted, bankrupt or not having a sound mind cannot be a part of your LLP.
As per the Limited Liability Partnership Act, every Individual partner of the company should have DIN (Director Identification Number) for incorporating or becoming a partner in LLP. Since all the forms of LLP are to be digitally signed by partners, it becomes mandatory to apply for Class 2 Digital Signature.
No, you can start your limited Liability Partnership from your own or rented home premises. In such a case, the address of home will be treated as a registered office of your firm. Only condition is that such place should be within the territorial boundaries of India.
No, LLP registration with Legal Workmate is an entirely hassle-free online process. There is no need to register or visit any government department. You are only required to notarise your LLP with the nearest available notary in your area after its incorporation.
Yes, there is no restriction of NRI for becoming a partner in LLP. The only condition is that out of all Individual Partners, at least one of them should be Indian resident.
No, LLP doesn't need to get their accounts audited if the turnover or share capital is below the basic limits. Further, even if there is a requirement for an audit, then our Legal Workmate team will help you with finding the auditor at affordable rates.
LLPs that exceed the turnover of forty lakh rupees, or if the contribution is higher than twenty-five lakh rupees in a financial year, are required to get its accounts audited. ( confirm this with the client).
Tax rates and treatment for both partnership and LLP are same as per Income Tax Law. However in case of partnership firm, if you want to book profit less than 6%/8% of turnover in case of normal business or less than 50 % in case of professional or technical service, then Tax Audit is mandatory under Income Tax Act.
An LLP is required to comply with following things irrespective of turnover : (I) Maintain Books of Accounts. (II) File Income Tax Return. (III) File Annual ROC form.
No, it is mandatory to maintain books of accounts for both partnership firm and LLP. Further, both of them are also required to file Income Tax return. Only difference is that partnership firm is required to do Tax Audit if income is booked lower than given in FAQ 10 whereas LLP is required to get Audit if exceeds limits given in FAQ 9..
Please go through our AMC package for LLP in our compliance tab for details. If you have any query, then please contact us for more information.
An LLP agreement is one that is made between the partners and the LLP regarding the relationship between the individual partners in the LLP and serves the same purpose that MOA and AOA serves. An LLP agreement usually consists of management policies, the inclusion of new partners, policy-making strategies, and so on.
Private Limited Company Limited Liability Partnership Should use word Pvt. Ltd at the end of the name.
Compliance under Companies Act, 2013 and governed by its MOA &AOA.
Directors managing the business are different from shareholders. So management and Investors can be different.
Can issue shares to venture capitalist, Employees, private equity investors etc.
Can avail loan against shares of a shareholder.
Should use LLP word at the end of the name.
Compliance under LLP Act, 2008 and governed by its LLP agreement.
There is nothing like separate investor and management in LLP. All the partners have the right to intervene in business.
Cannot issue shares to venture capitalist, Employees or Investors.
Cannot avail loan against the contribution of shareholder.