What is a Proprietorship Firm Registration?

You've jumped into the business world for yourself. You don't have excess paperwork to start a sole proprietorship. But there are some important things you need to know before starting your journey in entrepreneurs world.

A sole proprietorship is most preferred for of business entity as it is simplest and easiest form of business to register and to maintain. There is no formal set of rules and regulation for sole proprietorship registration. However, in order to run a business there are certain requirements that are needed to fulfill.

A sole proprietorship is kind of business entity which solely owned, controlled and managed by a single person. It is the easiest way of running business, with the ease of registration process and with lease compliances responsibilities.

Sole proprietorship is the most common form of business practiced in India and is not governed by any specific book of laws. Proprietor has the whole rights of the business to himself in terms of legal formalities, decision making, finance etc.

There is no limited liability in case of sole proprietorship. As the proprietor and the proprietorship firm is treated as the same entity, the person who manages the business is the sole director as well as the shareholder and the proprietor can also sign the agreements or contacts in his name even if the business is registered under any other name. Also, the proprietor can use their personal accounts requirements.

Any individual who is want to commence a business with low capital should choose this kind of business form. Sole Proprietorship business is mostly preferred by small businesses holders such as retail, wholesale, etc. Such businesses have the simple business plan, nominal or the least financial risk and have small product market. The business with a little or minimal capital requirements can also prefer to start their work as Sole Proprietorship.

What is fssai central license

one of the necessary condition after registering business entity is to obtain government license / permits. In case you are into food industry e.g hawker, itinerant vendor, temporary stall holder; food distributor in any religious or social gathering events except a caterer, or by any way related to manufacturing, transportation, storage or distribution of food product or tiny food business, one must obtain an fssai registration or fssai license before starting operations.

Trademark Registration

We know you have worked very hard to finalized a name/logo/tagline for your business. Lets protect it from unauthorized use.



Why Trademark Registration

A registered trademark highly increases the legal protections offered to your brand.

Trademarks acts as a shield to protect your brand

Enlist us so that you have the freedom of mind to focus on your core business activities.

A trademark is a logo/name/tagline etc that is used, or intended to be used, to identify one company from other. It is a brand name.

Trademarks are central business tools as they allow companies to establish their product's market image without having to worry that an inferior product will weaken their brand image or profit by misleading the consumer.

Trademarks include words, names, symbols and logos etc. Anything that clearly classifies your company can be a trademark, provided that it is for goods.



Service Marks & Trademarks

There is only one difference between a service mark and a trademark, that is, service mark is used to distinguish services in the stream of business. Like a trademark, a service mark can include words, names, symbols, logos etc.

Usually, trademarks appear on the actual product or its packaging. Service marks appear generally in advertising for the services. In general, when we use the term "trademark, " we mean both trademarks and service marks.

What is fssai basic registration

one of the necessary condition after registering business entity is to obtain government license / permits. In case you are into food industry e.g hawker, itinerant vendor, temporary stall holder; food distributor in any religious or social gathering events except a caterer, or by any way related to manufacturing, transportation, storage or distribution of food product or tiny food business, one must obtain an fssai registration or fssai license before starting operations.

Benefits of GST registration

Making it very easy to do business in India
Make interstate sales without restrictions
Reduce logistic cost and time taken across states
Limited compliance
Higher exemptions for new businesses under composition scheme
Less tax liability
Financial Inclusion in the long run
Boost country economy thereby increasing opportunities for startups
Multiple GST Registration

Business entity with branches in more than one states must obtain GST for each state
Business entity with different verticals engaged in different business activities must obtain GST for each vertical.


GST Registration Overview

GST stands for goods and service tax, introduced in India on 1st July 2017.

GST replaced around 15 other cascading taxes levied by the Central and State governments.

Under GST, goods and services are taxed at different rates as per the categories defined by Indian Government. Various tax slabs are 0%, 5%, 12% , 18% and 28%.

There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold.

In addition to this, a CESS of 22% on top of 28% GST applies on luxury items like aerated drinks, luxury cars.

GST replaced other indirect taxes and is thus set to dramatically reshape the country's 2.274 trillion-dollar economy.

GST registration is compulsory for all businesses involved in the buying/selling of products or providing services or both within India.

What is a Private Limited Company

Starting a business is the toughest decision one can take but it gives you the maximum fulfillment of your dreams and desires. Your decision to begin your entrepreneurial journey starts with the decision of selecting the right business structure to follow. Anyone can choose a private limited company to build a scalable business. Its the most famous legal structure for the business with multiple benefits such as limited liability, separate legal entity, ease in share transfer etc.

Private limited company is governed by MCA (Ministry of corporate affairs) under Companies Act, 2013. Private limited company can be registered with minimum of 2 directors and 2 shareholders, where shareholder and director can be same person. The maximum number of directors can be 15 and the maximum members can be 200.

The shares division depends on the percentage of the capital amount invested in a company. The profit is also divided as per the share holding of the shareholders.

The capital in a private limited company is the amount which shareholders are planning to introduce in the company. In a private limited company, the capital amount can be -

Authorized share capital
Paid up capital.
The minimum amount of authorized share capital, with which a company can initiate the registration process, is 1 lac INR. However, there is minimum cap on limit of paid up capital.

Just like any other company, private limited company also has a certain set of rules and guidelines which are confined in MOA and AOA. Memorandum of Association (MOA) and Articles of Association (AOA) are the master documents of the private limited company determining the guidelines, mutual rights and duties between directors and shareholders. MOA comprises of 6 clauses

Name clause under this the name of the company is specified. The name is selected as per the Rule 8 of Companies Act, 2013. It should not be identical to any existing companys name or with any trademark.

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