Services

Business Registration

The process of forming a company never straightforward. The obligations, procedures, time lines, languages, and costs vary greatly from country to country and sometimes even within a city or province.
Our firm is a leading expert on company formations, offering services to assist companies in forming.
How to incorporate your company in India in the simplest possible way. We can help you start your business journey
How many days does it take to form a company? It takes only 10 – 15 days to register a new company. You can get in touch with us and discuss with one of our advisors how to incorporate your business if you have the necessary documents.
How many days does it take to form a company? It takes only 10 – 15 days to register a new company. You can get in touch with us and discuss with one of our advisors how to incorporate your business if you have the necessary documents.

IS IT MANDATORY?

It does not matter if the Company is in the manufacturing line or the service line, registration can be obtained for both these areas through the MSME Act. Although this registration is not yet deemed mandatory by the Government, doing so is in one’s best interest because it offers benefits in relation to taxation, setting up one’s business, credit facilities, and loans.

Company registration benefits in India

There are many benefits to registering a business. Licensing makes a business legitimate, and increases its credibility.

How to choose a business structure while applying for company registration in India?

Let’s take a look at some important questions every entrepreneur must ask himself before he/she finally decide upon a business structure.

How many owners/partners will your business have?

If you are a single person who owns the entire initial investment required for the business, a One Person Company would be ideal for you. On the other hand, if your business has two or more owners and is actively seeking investment from other parties a Limited Liability Partnership (LLP) or Private Limited Company would suit you best.

Should your initial investment determine your choice of business structure?

The answer to that question is – Yes if you want to spend less initially, it would be wise to go in for a Sole Proprietor, or a Partnership. But, if you are sure that you will be able to recover the setup and compliance costs, you can opt for a One Person Company, LLP or a Private Limited Company

Being willing to bear the full business liability

The liability of business structures like sole proprietorships, HUFs, and partnerships is unlimited. In the event of any default on loans, the entire money will be recovered from the members or partners in profit sharing ratio. In these cases, assets are at risk. A limited liability clause is present in a company and a LLP. Members are only liable for the amount they contribute or the value of the shares they own.

The income tax rates for businesses

A sole proprietorship is taxed at the normal slab rates. The income from a sole proprietorship is added to the individual's other income. Partnerships and companies, however, are taxed at 30%.

We at Faucone Accounting offer company formation, online company registration that suit our clients’ needs and expectations. All types of clients take advantage of the company incorporation services when opening a branch of their original business. Incorporating a company is an analytical and comprehensive process carried out by us. We have to conduct company incorporation search in order to check that the company has been incorporated. Before forming a company in India, it is advisable to conduct a company incorporation search.