Entity Registration

How many persons are required to start a proprietary concern? A sole-proprietorship concern shall be set up by an Individual. If more than one person wants to start a business, they have to choose among other options such as partnership firm, limited liability partnership (LLP) or a company.   Where ...

How many people are required to start a private limited company? There should be at least 2 people to start a private company in India.   Should both of them be Indians? Not necessary. Even foreign nationals or only foreign nationals can also start a company in India.   Whether ...

Setting up a business in India: One can set up a business in the form of a proprietary concern, a partnership firm, a limited liability partnership, one person company or a private limited company. Let’s understand the various options available to set up a business in India.   What are ...

1. How many persons are required to start a One Person Company (OPC) As the name suggests, OPC shall be set up by an Individual person. No company or a firm can start OPC 2. Where to register OPC? OPC is governed under the regulations of Ministry of Corporate Affairs ...

1. How many people are required to start a limited liability partnership (LLP) There should be a minimum of 2 people to start an LLP 2. How much time does it take to set up an LLP? It takes around 15-20 working days to set up an LLP. The setting ...

  In the early 90s, I was conducting an audit of a retail shop at JC road. It was a firm owned by two partners. The partners never had separate cabins; both of them were sitting side by side using two medium sized tables. Many times I thought to myself, ...

  Mr. Gary an Industrialist, one day called me from US. He wanted to avail our services for setting up a wholly owned subsidiary Company in India. Through the conversation with him I understood that he had made enough research about setting up a wholly owned subsidiary Private Limited Company. ...

Mr. Mahesh an IT professional along with his colleague Mr. Bhupathi visited our office seeking our services in setting up a private limited company. Though they had read (in internet) about setting up a company, they wanted to know the entire process from us. When I asked, they said “The ...

  As per World Bank Report  India ranks 142 out of 189 countries for ease of doing business. I have already written an article about one section of this report ‘ease of starting a business in India’. The Prime Minister’s Office (PMO) has listed out 36 steps to be undertaken ...