India, the land of many opportunities, offers great prospects for anyone looking to start a business. Growing one’s business often gives rise to the need to start a company. Suntew offers Online Company Registration in Mangalore locations.
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We assist and aid you in choosing the right path for your business. Our team of experts will guide you on the various advantages you may benefit from by choosing a particular type of company for your venture. We are providing Company Registration through online and offline.
Company Registration will be your next task after our expert panel guides you on the type of company that fits you. Company registration in India is regulated by the Ministry of Companies under the Companies Act 1956, 2013 and other allied Bills, Rules and Acts. We have a professional team, that can register your company with the MCA and make your business a recognised lawful entity in the eyes of the law. Registering your company gives a legal framework to your business. Over time, company registration has been made online and our well-networked team of professionals makes certain that the registration of your company is completed without any hassles.
These procedures may seem long and cumbersome, however, our team of experts and professionals will manage the entire procedure from start to finish enabling you to incorporate your company in India. From procuring, organising and submitting all the legal documents, various licenses and other compliances, our professional experts will see it through.
To start a business in India, you may want to incorporate the business as a particular type of company. The various types of companies in India have certain merits and demerits, conditional to particular factors like the size of your business or capital investment. Depending on the kind of your business venture, companies can be broadly classified as follows with ensuing merits and demerits
| Type of company | Suitable for | Requirements | Initial Capital requirements | Regulations |
|---|---|---|---|---|
| Private limited Company |
Small and start-up ventures |
Minimum 2 Directors |
Not specified (Any trivial amount) |
Rigid and strict regulations |
| One Person Company |
Single businessman |
One director and nominee |
Not specified (Any trivial amount) |
Average regulations |
| Limited Liability Partnership |
Executives |
Two Partners |
Not specified (Any trivial amount) |
Few regulations |
Apart from the above three types of companies, the other companies that can be incorporated in India are sole proprietorship, partnership firm and Section 8 companies.
A Private Limited Company is a type of business entity that limits owners’ liability to their shares and restricts the number of shareholders to 50. In a Private Limited Company, shareholders can not publicly trade shares.
A private Limited Company is incorporated under the Companies Act 2013 which is governed by the Ministry of Company Affairs, India. It is a popular choice for business start-ups as it carries several advantages along with it. Some of the advantages are detailed below.
Registering your business venture as a Private Limited Company attracts the following Advantages:
A private Limited Company can be registered with a minimum of two directors and does not require a minimum capital to form it. A Private Limited Company can be registered with a basic sum of Rs. 10,000 as total Authorized Share capital.
This type of company separates management and ownership. The personal assets of the directors will be considered separate from the assets of the company, in the court of law. As a company incorporated as a Private Limited Company is considered as a separate legal entity, it can own and buy assets/ property in its own name
In the event the company undergoes any financial distress, the personal assets of its directors will not be used to pay the debts of the company as the liability of the person is limited to his/ her shareholding.
A Private Limited Company enjoys easy access to loans and shares of a company limited by shares are transferable by the shareholder to any other person.
A Private Limited Company has continued existence until it is legally dissolved. The company is unaffected by the exit of any of its members and it continues to be in existence irrespective of the changes in membership.
A company registered as a Private Limited Company enjoys certain tax benefits.
A private Limited Company allows 100% Foreign Direct Investment. This means that any foreign person or entity can directly invest in the company
To register a company as a Private Limited company the following criteria need to be fulfilled
Registering a Private Limited Company requires the assistance of experts in various fields like legal advisors, Chartered Accountants and Company Secretaries. Our Private Limited Company registration services include a comprehensive package from initial guidance, consultancy and company name search to final incorporation of the Company. Our qualified and professional teamwork round the clock to make the process of registration hassle-free and uncomplicated.
A One-person Company unlike a private Limited company is a company that can be started with just a single member. A one-person company has the advantages of a Private Limited company like limited liability, separate entity and perpetual succession, but with a single member and fewer legal compliances.
Registering your business venture as a One Person Company attracts the following Advantages:
A one-person company reaps all the benefits conferred on private limited companies such as
In the event, the company undergoes any financial distress, the personal assets of its single director will not be used to pay the debts of the company as the liability of the person is limited to his/ her shareholding in the Company.
The personal assets of the single director will be considered separate from the assets of the company, in the court of law.
As a One-person company is considered a separate legal entity, itis unaffected by the exit of its member and it continues to be in existence and it would pass to the Nominee Director.
As a One-person company allows for a single member to form a company, it fuels the advantage of allowing you to be a master of your own decisions and your own business
A One Person Company has fewer regulations to adhere to as compared to a Private Limited Company A one-person company is exempted from some of the mandatory formalities of a Private Limited Company such as holding of Annual General Meeting, quorums and appointment of Company secretary.
To register a company as a One Person company the following criteria need to be fulfilled
We guarantee a smooth commencement of a one-person company type set up. We cover all the formalities of the registration and ensure your company has a grand and trouble-free launch. Our experts will receive and process all necessary documentation, draft the required MOA, AOA and other paperwork and file the documents with the Registrar of Companies. We ensure a smooth and uncomplicated start to your One-person compan
In a limited liability partnership, as the name suggests, the liability of the partners is limited to the extent of their contribution to the capital. The registration is governed by the Limited Liability Partnership Act 2008 and the Companies Act 1956.
Registering your business venture as a Limited Liability Partnership attracts the following Advantages:
The liability of investors in this business set up is limited to their contribution. Therefore, the investors are protected against company debts as the company is considered as a separate legal entity. No partner is liable for the unauthorised actions of other partners, therefore individual partners are protected from joint liability created by another partner’s errors.
One of the main advantages of A Limited Liability partnership is the simplicity and ease of its formation. The company can be incorporated easily with just two or more shareholders. A Limited Liability Partnership incorporates the benefits of both a Private Limited Company and a Partnership Firm.
Limited Liability companies can be formed with a small capital investment of the partners as compared to other company formations.
To register a company as a Limited Liability Partnership the following criteria need to be fulfilled
We offer our services to register Limited Liability Partnerships in India. We offer in-depth information and advice on the requirements to form a Limited Liability Company in India. Our experts draft and file the Limited Liability Partnership Agreement which details the powers of the partners thereof.
Our core team of professionals are always eager to assist you in matters of registration of your company.
We advise you on the best possible solutions for your business venture and offer you trouble-free registration services. Our team makes an in-depth investigation into your business goals, intention, capital and business purpose and chalks out a comprehensive plan for your venture, making us one of the most trusted company registering service providers.
Suntew, the premier company offering Company registration services in Mangalore, ensures punctual services at budget-friendly rates. Trust that your data is securely handled throughout our operations.
While both types of business set-ups carry their own advantages and disadvantages, A private Limited company allows easy transfer of ownership, unlike a Limited Liability Partnership. However, Private Limited companies have several legal compliances which make it expensive and cumbersome.
A one-person company is governed by the Companies Act 2013 whereas A Limited Liability Partnership is governed by the Limited Liability Partnership Act 2008 and the Companies Act 2013. In a one-person company, the single director is the sole decision-maker in the business, unlike a Limited Liability Partnership where the powers of the Directors are predetermined in the Limited Liability Partnership Agreement signed by the Directors. In a Limited Liability Partnership, a statutory audit is not necessary unless the partners' contribution or the turnover exceeds a certain prescribed amount whereas in a one-person company statutory audit in not compulsory.
Both Companies, though governed by the same Act and enjoy more or less the same benefits a few points of differences are a Private Limited Company can enjoy 100% FDI through the automatic route whereas one person companies do not have an FDI permit. Transfer of shares is easier in a Private Limited Company when compared to share transfer in a one-person company. In a One-person company.
There are several types of companies you can register, each with its own advantages and disadvantages. The most common ones include:
Sole Proprietorship: Simplest to set up, but owner has unlimited liability Partnership: Two or more people own the business, sharing profits and liabilities. Limited Liability Company (LLC): Combines flexibility of a partnership with limited liability protection for owners. Corporation: Separate legal entity from its owners, offering limited liability and potential tax benefits.
What are the benefits of registering my company?
1. Limited Liability: Protects personal assets from business debts in most cases. 2. Professional Image: Creates a more credible and professional image for your business. 3. Easier Access to Funding: Banks and investors may be more likely to work with registered companies. 4. Tax Advantages: Certain company structures offer tax benefits compared to sole proprietorships.
What are the legal requirements for registering a company?
Requirements vary depending on your location and chosen business structure. Generally, you'll need to:
How long does the company registration process take?
The duration varies, but typically it takes around 15-20 business days. Factors such as document submission and government processing times contribute to the timeline.
Can one person register a company?
Yes, in Karnataka and across India, a single individual can register a One Person Company (OPC). It is a distinct legal entity with one person as its shareholder and director.
What documents are required for company registration?
Commonly needed documents include proof of identity/address for directors, address proof for the registered office, and memorandum and articles of association.
Can I choose any business name for registration?
The business name should be unique and not already in use. It must also comply with the guidelines set by the regulatory authorities.
Is it mandatory to have a physical office for registration?
Yes, a registered office is mandatory. It provides the legal address for official communication, and certain documents must be accessible at this location.
Are foreign nationals allowed to register a company?
Yes, foreign nationals can register a company in compliance with the regulations. They may need to obtain appropriate visas and fulfill specific criteria.
How much does it cost to register a company?
Costs vary depending on factors like your location, chosen structure, and complexity of your business. Expect to pay government filing fees, and potentially attorney or agent fees if you seek professional help.
What is the cost of company registration in Karnataka?
The cost of company registration in Karnataka varies based on factors like the type of company and professional assistance sought. Generally, it ranges from a few thousand to several thousand rupees.
How can I register my company in Karnataka?
To register a company in Karnataka, follow these steps:
Engaging with Suntew's registration experts can streamline and simplify the process for you.
