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Business Registration
Are you ready to take the first step in
your Entrepreneurship Journey?
Why you need Business Registration?
Business registration is crucial for legal recognition, credibility, and numerous advantages. It ensures compliance with regulations, enhances access to funding, and simplifies operations. Beyond tax benefits and trademark protection, it instills confidence in clients and attracts potential employees. With eligibility for government incentives, business registration becomes a strategic necessity, establishing a reputable and thriving enterprise in today's competitive landscape.
Types of Business Registration
Feature | Limited Liability Partnership (LLP) | Private Limited Company | One Person Company (OPC) | Partnership Firm | Sole Proprietorship |
---|---|---|---|---|---|
Legal Status | Separate Legal Entity | Separate Legal Entity | Separate Legal Entity | Not a Separate Entity | Not a Separate Entity |
Minimum Members | 2 Shareholders | 2 Partners | 1 Shareholder | 2 Partners | 1 Owner |
Maximum Members | 200 Shareholders | No Limit | 1 Shareholder | 50 Partners (as per LLP Act) | 1 Owner |
Limited Liability | Yes | Yes | Yes | No | No |
Governing Law | Companies Act, 2013 | LLP Act, 2008 | Companies Act, 2013 | Indian Partnership Act, 1932 | No Specific Act |
Taxation | 25% (if turnover < ₹400 Cr) | 30% + Surcharge & Cess | 25% | Slab Based | Slab Based |
Annual Compliance | High | Moderate | High | Low | Low |
Ownership Transferability | Restricted | Restricted | Not Allowed | Not Allowed | Not Allowed |
Perpetual Succession | Yes | Yes | Yes | No | No |
Foreign Investment (FDI) | Allowed (under auto route) | Allowed (under approval route) | Allowed (under approval route) | Not Allowed | Not Allowed |
Best Suited For | Startups, Growing businesses | Professional services, Startups | Solo Entrepreneurs | Small businesses | Individual businesses |
Why VIUS?
Contact us
Corporate Office:
285 C, First Floor, BRS Nagar, Ludhiana, Punjab,141012
Branch Offices:
Smriti Tower, Block-D, Ample Heights,Bawariya Kalan,Bhopal, Madhya Pradesh, 462039
9888150019
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