About Indian Company Registration
Company registration - Private Limited or LLP or OPC
There are 4 types of companies that any person can register in India. Its very important to select a right kind of structure to fulfil all your objectives. The 4 types if companies are:
1. Private Limited Company
2. Limited Liability Partnership
3. One Person Company
4. Proprietorship
The basic difference between the 4 structures are :
Private Limited company
Limited Liability Partnership
One Person company
Proprietorship
Features
- If you want to raise funds, this is the only option
- This is the most credible structure
- Can raise investment and is preferred by investors
- Can issue ESOPs
- Can issue equity and preference shares
- If you do not want to raise funds then this is a good option
- Better than a normal partnership firm
- Less compliances
- Completely online
- If you want to form a private limited and you do not have any partners
- Generally, not recommended if not planning to raise funds
- This is a simplest form of business structure/li>
- You should go for this if you do not want to add partners or raise investments
Cost
Rs 14999 all inclusive for Private Limited company
Rs 12999 all-inclusive for LLP
Rs 12999 all-inclusive for OPC
Rs 2499 all-inclusive for proprietorship
Time Taken to register
15 days
15 days
9 days
2 days
Annual Compliance Cost
The compliance cost of Private Limited Company with a turnover of Rs 20 lakhs is Rs 18000/annum
TThe compliance cost of Limited Liability Company with a turnover of Rs 20 lakhs is Rs 7000/annum
The compliance cost of One Person Company with a turnover of Rs 20 lakhs is Rs 18000/annum
The compliance cost of Private Limited Company with a turnover of Rs 20 lakhs is Rs 9000/annum
Steps and Documents
Steps to register a Private Limited Company:
Apply for digital signatures of directors and shareholders
Apply for Name of the company
Fill in form SPICE + , E-MOA and E-AOA
Submit the forms
Apply for digital signatures of directors and shareholders
Apply for Name of the company
Fill in form SPICE + , E-MOA and E-AOA
Submit the forms
Steps to register a Limited Liability Partnership:
Apply for digital signatures of partners
Apply for Name of the company
Fill in form LLPIN
Submit LLP form 3
Apply for digital signatures of partners
Apply for Name of the company
Fill in form LLPIN
Submit LLP form 3
Steps to register a One Person Company:
Apply for digital signatures of director and shareholder
Apply for Name of the company
Fill in form SPICE + , E-MOA and E-AOA
Submit the forms
Apply for digital signatures of director and shareholder
Apply for Name of the company
Fill in form SPICE + , E-MOA and E-AOA
Submit the forms
Steps to register a Proprietorship:
Apply for Udyam registration
Apply for GST registration
Apply for Udyam registration
Apply for GST registration