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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 | Private Limited Company | Limited Liability Partnership (LLP) | One Person Company (OPC) | Public Limited | Section 8/Not for Profit | Partnership Firm | Sole Proprietorship |
|---|---|---|---|---|---|---|---|
Legal Status | Separate Legal Entity | Separate Legal Entity | Separate Legal Entity | Separate Legal Entity | Separate Legal Entity | Not a Separate Entity | Not a Separate Entity |
Minimum Members | 2 Partners | 2 Shareholders | 1 Shareholder | 7 Shareholders | 2 Members | 2 Partners | 1 Owner |
Maximum Members | No Limit | 200 Shareholders | 1 Shareholder | Unlimited (Minimum 7) | No Limit | 50 Partners (as per LLP Act) | 1 Owner |
Limited Liability | Yes | Yes | Yes | Yes | Yes | No | No |
Governing Law | LLP Act, 2008 | Companies Act, 2013 | Companies Act, 2013 | Companies Act, 2013 | Companies Act, 2013 | Indian Partnership Act, 1932 | No Specific Act |
Taxation | 30% + Surcharge & Cess | 25% (if turnover < ₹400 Cr) | 25% | 25% (if turnover < ₹400 Cr) | 22% or as per Income Tax Act | Slab Based | Slab Based |
Annual Compliance | Moderate | High | High | High | Moderate to High | Low | Low |
Ownership Transferability | Restricted | Restricted | Not Allowed | Freely Transferable | Restricted | Not Allowed | Not Allowed |
Perpetual Succession | Yes | Yes | Yes | Yes | Yes | No | No |
Foreign Investment (FDI) | Allowed (under approval route) | Allowed (under auto route) | Allowed (under approval route) | Allowed (under auto route) | Allowed (under approval route) | Not Allowed | Not Allowed |
Best Suited For | Professional services, Startups | Startups, Growing businesses | Solo Entrepreneurs | Large businesses, IPOs | NGOs, Charitable organizations | 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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