Incorporation of Section 8 Company including GST and Current account opening.1.Company Registration
2. Current Account opening
3. GST Registration
|Ady & Co. Chartered Accountant||: ₹15899 All Inclusive|
|₹14465 + ₹1434 GST|
|You Save:||: ₹6,000 (27%)|
Documents Required For Section 8 Company
Recent Utility Bill
Aadhaar is mandatory for Indian Directors.
Proprietorship vs Limited Liability Partnership (LLP) vs Company
|Definition||Unregistered type of business entity managed by one single person||A formal agreement between two or more parties to manage and operate a business||A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company.||Registered type of entity with limited liability to the owners and shareholders|
|Ownership||Sole Ownership||Min 2 Partners|
Max 50 Partners
|Designated Partners||Min 2 Directors
Min 2 Shareholders
Max 15 Directors
Max 200 Shareholders
For One Person Company
1 Nominee Director
|Registration Time||7-9 working days|
|Promoter Liability||Unlimited Liability||Limited Liability|
|Partnership Deed||LLP Deed|
|Governance||-||Under Partnership Act||LLP Act, 2008||Under Companies Act,2013|
|Transferability||Non Transferable||Transferable if registered under ROF||Transferable|
|Compliance Requirements||Income tax filing if turnover is more than Rs.2.5 lakhs||ITR 5||Form 11|
One person owns and runs the entire business in a proprietorship firm, a particular sort of business organisation. The business's debts and responsibilities are all individually owed by the owner. Ownership companies are a common option for small enterprises and startups in India since they are simple to set up and manage.
There are mainly four types of proprietorship in India: 1.Sole Proprietorship 2.One Person Company (OPC) 3.Registered Proprietorship4. Unregistered Proprietorship Each type of proprietorship has its advantages and disadvantages, and the choice of business structure depends on the proprietor's needs, goals, and resources.
In a country of 125 crore citizens and 6.8 crore taxpayers in 2017-18, close to 3 lakh chartered accountants (CAs) serve as the finance guides. As of April 2018, there are only 2.82 lakh CAs in India, and out of which only 1.25 lakh members are in full-time practice that makes approx. 44% of the total strength.
Indian Chartered Accountants are paid pretty well abroad, especially if one has initiated his/ her career in a Big 4 Firm and has gained an experience of 3-4 years in India. Middle East being the highest payer, even other countries pay a decent salary package.