Looking to start a business in India! Key points to consider:
You need to select the type of company viz.
- Proprietary Firm
- Partnership Firm
- Limited Liability Partnership (LLP)
- Private Limited Company (Pvt. Ltd.)
- Once Person Company (OPC)
- Public Limited Company
For Proprietary Firm:
- Apply for Shop Act License or Udyam i.e. Udyog Aadhaar registration by mentioning company name on it and
- open a bank account.
You are ready to run the business.
For Partnership Firm:
- You require one or more partners
- Decide a name for the company
- Make a partnership deed between partners mentioning profit and loss sharing percentage; either notarized or registered
- Apply for company PAN Card
- Open a bank account
All partners are ready to run the business.
Limited Liability Partnership, Private Limited Company, Once Person Company (OPC) & Public Limited Company:
- One or more Designated Partners/Directors
- Decide Authorized Capital
- Apply for company registration at Ministry of Corporate Affairs (MCA)@ https://www.mca.gov.in/
