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What Process For Partnership Registration in Chennai?  "Call Our Business Plan Experts at +91-72999-72500" A partnership firm is a form of business organization between two or more persons (maximum 20) who join together to share profits and losses of the business on a mutually agreed ratio. In order to start a partnership business, it is necessary for the partners to sign a legal document called "Partnership Deed." This agreement also contains other details about the partnership such as profit/loss sharing ratio, conditions for admission of new partners, etc. After verifying the documents, the registrar will enter the name of the partnership firm in the register and issue a certificate of registration to the partnership. The partnership firm is now a registered business entity and can open bank accounts, apply for licenses and permits, and enjoy other benefits that come with the status of being a registered firm. In case you are looking for a...

Who Can Apply For MSME Registration in India  "Call Our Business Plan Experts at +91-72999-72500" MSME stands for Micro, Small and Medium Enterprises. Enterprises that fall under the categories of manufacturing and service sector can obtain MSME registration to enjoy various benefits like cheaper bank loans, ease of business license application, tax benefits etc. To get MSME registration , the enterprise must fulfill the following eligibility criteria: The enterprise must have a turnover of less than Rs. 50 crore in the preceding financial year. The investment in plant and machinery should not exceed Rs. 10 crore in the case of a medium manufacturing enterprise, and Rs. 2 crore in the case of a small service enterprise. Once the registration process is complete, the enterprise will be allocated an EM number which should be displayed on letterheads, bills, invoices, and supply order sheets. This will help the company identify itself as an authorised M...

How to Get GST Number for Proprietorship Company in India  "Call Our Business Plan Experts at +91-72999-72500" Proprietorship is one of the most common forms of businesses in the country. It is easy to set up and has a low regulatory compliance requirement, making it an ideal choice for small business owners. However, it is essential to keep in mind that sole proprietorships are not exempt from GST. It is therefore necessary to register for the Goods and Services Tax (GST) when your business's annual turnover exceeds the prescribed limit. To  GST registration Proprietorship Process Consultant online   , you need to submit the relevant e-application on the GST portal. The application requires you to provide certain mandatory documents, including your PAN card, Aadhar number, and address proof. The latter can take the form of a bank statement, cancelled cheque, electricity bill, or rent agreement. Once you have submitted the e-application, you w...

What Are the Post Incorporation Compliance For a Private Limited Company in India? "Call Our Business Plan Experts at +91-72999-72500" Once you have successfully registered your business as a Private Limited Company, there are certain legal tasks that should be taken care of immediately to ensure your business is in compliance. This article discusses what are the Post Incorporation Compliance for a Private Limited Company in India and how you can make sure your company is compliant with ROC requirements as well as other regulations for the benefit of your business and its growth. Opening of Bank Account A company must open a bank account within 30 days of getting incorporated to route all commercial transactions. The company must submit the certificate of incorporation, Permanent Account Number (PAN), and other documents required by the bank according to the policy of the bank. Allotment of Shares A Company must allot shares to its ...

How Women Entrepreneurs Can Start Business in Tamil Nadu "Call Our Business Plan Experts at +91-72999-72500" Women entrepreneurs are empowering themselves at a rapid pace. The government has also taken many steps to support them in this regard. The DMK-led state has several schemes that help them to ideate and source funds for their ventures. Recently, the ministry of micro, small and medium enterprises has also organised a conclave to empower women entrepreneurs of marginalised sections. In recent years, the state has witnessed a lot of women entrepreneurs with varied business ideas. Whether it is starting an online store or providing security services, these women are empowering themselves and taking their businesses to new heights. They are making a mark in the field of entrepreneurship and changing the lives of the people around them. Some of the best business ideas for women in Tamil Nadu include catering, event management, baking, and many more....

How Can a NRI Register a Business in India? "Call Our Business Plan Experts at +91-72999-72500" With the Indian economy growing steadily, many NRIs are considering setting up businesses in India. The country has a large number of skilled labour and inexpensive land to offer and the government encourages foreign investment with multiple schemes. A NRI can register a business in India either as a private limited company or a limited liability partnership (LLP). The process is simple and straightforward, but there are certain rules that need to be followed. For example, an NRI or PIO must first obtain a DIN (Director Identification Number) and a digital signature certificate before becoming a director of an Indian company. In addition, the company must have a PAN and TAN (Tax Deduction and Collection Account Number) for tax purposes. The NRI can also set up a trust, though there are certain restrictions on how and to what the trust can invest. In order to...

What is the Difference between an OPC and Sole Proprietorship? "Call Our Business Plan Experts at +91-72999-72500" One of the biggest hurdles for many aspiring entrepreneurs is choosing the right business structure for their venture. While the two popular options, namely, OPC and Sole Proprietorship may appear similar, they have distinct differences that need to be considered. This article aims to shed light on the key differences between OPC and Sole Proprietorship to help you make an informed choice for your business. A  Sole Proprietorship and OPC  are two different types of business structures available to entrepreneurs.  OPC is a hybrid form of business that incorporates features of Sole Proprietorship and a Company. It was introduced with the passage of new Companies Act, 2013 and allows a sole proprietor to step into the corporate world by registering their business as OPC. The OPC is treated as a separate legal entity with limited liability, and mand...