How To Register A Company In India : Full Startup Guide

Register a company in india

Do you have an idea and ready to convert that idea into reality? You are at the right place then, this post will guide you about all the essential things you need to know about company formation followed by step by step procedure to register a company in India. To register a company in India, is no more a complex and tedious task now. Government of India is actively working to make it easier for people to convert their ideas into business with no hectic and long procedures like it used to be earlier.

This post will guide you about:

1. Prerequisites to register a company in India

2. How to choose the type of company formation

3. How to register the chosen company form

4. Opening a bank account

5. How to kick start and manage business after formation


1. Prerequisites to register a company in India

register a company in india

a) An Idea with Vision :

The primary requisite to start a company is an idea. An idea that has the ability to capture the market. Put your clear glasses on! Look ahead, 5 years ahead. What do you see? Where is the market heading? Where do you want to see your business in that market? That’s a vision. I am sure it looks beautiful. Now let’s come back to reality and get back into action.

b) Passion:

There is a fire within us to make a dent in the universe. We synonymously call it as passion, which can achieve anything. But, a passion without direction will lead us nowhere. It needs to be put into action, not abruptly, but in an organized way.

c) Few Documentations: 

Just a few general documents are enough to get your company registered. So don’t worry, Moneyम्जी will help you get it done, just contact Moneyम्जी to get started.

That’s it, you’re ready to rock. 🙂


2. How to choose the type of company formation

Start a business and the most confusing question that pops up in mind- “whether I should incorporate a Private Limited Company, LLP (Limited Liability Partnership) or an OPC (One Person Company)“. Isn’t it? No worries! We will clear your doubts and un-clutter your mind so that you can confidently go ahead and start taking action. Basically, suitability of all the three forms of entities depends upon your needs and your situation.

Each of the business form has it’s own pros and cons, they can be distinguished on the basis of:

  • Minimum requirement of directors
  • Formation and compliance cost
  • Fund-raising options
  • Board Meetings
  • Annual General Meeting
  • Statutory Audit

Get detailed analysis & know your suitable form of business at:

WHAT SHOULD I FORM: LLP, PVT LTD OR A ONE PERSON COMPANY?

 


3. How to register the chosen company form

Now we hope you are clear with what type of company you are interested in. Now to get into the registration process of your suitable form of chosen company. You can check the detailed information regarding it such as:

  • Step by step procedure of registration
  • Documents and forms required for registration
  • Time duration of complete process
  • Costing of the chosen business form

To know the registration process of Private Limited Company       -> Click here

To know the registration process of Limited Liability Partnership -> Click here

To know the registration process of One Person Company               -> Click here

 


4. Opening a bank Account

After you get your company registered, the next step is to open a bank account by which you will be able to transact with the name of company. No worries again, it isn’t a tedious task as Moneyम्जी  is there for you. You can ask Moneyम्जी  for the list of documents required to open a bank account at info@moneymji.com


5. How to kick start and manage business after formation

If you have given birth to a baby, would you just leave her/him like that? No na? You will take due care of her/him so that she/he do not get into a trouble. You will take good care of their health so that they are nourished better.

Then I guess you are a responsible parent and a responsible entrepreneur too. You will take good care of your company and won’t let your business get into trouble of paying fines and penalties. You just need to stay compliant with legal requirements so that your business can run smoothly.
These legal requirements depends on the basis of the type of business form.

Out of the three, formation and compliance cost is highest for companies and relatively lesser in OPC and least for LLP out of these three.

These compliances include from managing accounts to filing returns, preparing balance sheets, staying up to date with latest amendments and getting all required licences based on your business.


Don’t Worry, Moneyम्जी is just a call away from you. Don’t think twice, just call us for any kind of query,doubt or for any kind of financial service you are looking for. Our experts will best guide you.

Get in touch Moneyम्जी at +91 9711730497

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