No matter whether you’re a first generation entrepreneur, a professional, or someone looking to expand an existing business, registering your business in India is a crucial step. At Your Vakil Online, we make this process easy and hassle free empowering you and ensuring compliance of your business to make it a long term success.

1. Private Limited Company Registration

Eligibility to form Private Limited Company

A. Number of Directors – Minimum 2 and Maximum 15.

B. Number of shareholders – Minimum 2 and maximum 200. However, one person can act as both director and shareholder.

C. Citizenship – At least one director should hold Indian Citizenship.

The advantages of incorporating a Private Limited Company are as follows: –

– Shareholders are only liable for the amount they have invested that results in them protecting their own assets from any kind of debts that may arise in the company’s name.

– The company has a seperate identity apart from its shareholders, which is important for conducting business or getting into kind of binding contracts.

– Banks and investors find Private Limited Companies more credible which makes it easy for them to raise capital for their business.

At Your Vakil Online, we guide you step by step of the process for incorporating your company, starts from name reservation to obtaining the Certificate of Incorporation and PAN/TAN registration. We ensure that all documentation are in place, making sure you comply with the regulations set by the Ministry of Corporate Affairs (MCA).

2. Partnership Registration

Two or more individuals share the responsibility of running a business. It’s a flexible structure where partners put in their resources with a common target with regards to their business. Moreover the advantages are as follows:-

Partners share the responsibilities and risks of the business, the advantage of which is it reduces individual burden.

A partnership is comparatively easier to set up and manage.

Your Vakil Online helps you with the Partnership Agreement preparation, clearly defining roles and responsibilities, and registering the partnership with the authorities.

3. Limited Liability Partnership (LLP) 

With flexibility of a Partnership Firm along with the protection of limited liability, an LLP (Limited Liability Partnership) would be suitable for you.

Partners’ personal assets are protected just as in the case of a Private Limited Company.

LLPs have very less compliance requirements hence resulting into giving a person more operational freedom.

Unlike a Private Limited Company, there is no need to maintain a minimum capital investment.

At Your Vakil Online, we assist in preparing all the necessary documentation and ensure compliance with the LLP Act making sure you get to focus just on one thing which is the growth of your business.

4. Sole Proprietorship Registration

The simplest form of business format wherein you, as an individual, own and operate the business. Mainly meant for small businesses and freelancers who want to maintain full control over their business operations. The advantages of Sole Proprietorship include:-

– As a sole proprietor, you make all decisions regarding the business and how the operations will be taking place so complete control of decision making.

– There are minimal legal formalities and compliances that leads to lesser burden on the owner of the business.

– You pay taxes on the income generated by the business, which is simpler compared to other business structures.

Your Vakil Online makes the process of registering a sole proprietorship very smooth for you. We ensure that you comply with all legal requirements, including obtaining the necessary licenses, so you can focus on growing your business.

Conclusion

Registering your business is the first step towards implementing to make your dream a reality. With Your Vakil Online, you gain the assurance of professional assistance, timely services, affordable rates and transparency throughout your journey. From the registration process to compliance management, we’re with you every step of the way.

So, why wait? Let’s take the first step towards making your business a success today. Partner with us at Your Vakil Online and turn your business ideas into reality!

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