Tag Archives: Business Setup

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 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 …

Who has to register under Karnataka Shops and Commercial Establishment Act, 1961. Entrepreneurs owning shops and commercial establishments in the State of Karnataka have to compulsorily register with Department of Labour, Government of Karnataka as per the Karnataka Shops and Commercial Establishment Act, 1961. A Shop includes offices, storerooms, go downs, …

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 …

  One day a client of ours, aged about 68 years, owner of a well-established Small and Medium Enterprise (SME) unit at Jigani Industrial area, Bangalore wanted our inputs about the succession planning for his enterprise. He has a son who has studied engineering at BMS College and did his …

  Those who are in business will surely tell that ‘it is not ease of doing business’ but is a “curse doing business in India” Every entrepreneur spends at least 30% of his productive time and energy in complying with the rules and regulations. So, those who are in business …

One of the oldest (and time tested) form of business entity is Partnership firms. If two or more people agree to carry on a business they can look at setting up firm rather than private limited company. The maximum number of partners can’t exceed 20 people. It is easy to …

To set up new business one has to register under various Acts. For our easy understanding, we can divide setting up process into two broad categories, namely Entity registration Business registration In this article, we will discuss about Entity registration. Entity registration means setting up a structure or type of …

Proprietary Concerns Mr. Samarth, a young boy came to our office to know about the procedure of setting up a company for him. He wanted to serve as a freelancer to a US company in the software industry. When I asked him, he said he has no plans of joining …

Can you keep any name of your choice to your dream venture (private limited company or limited liability partnership firm)? Yes; provided you follow name approval guidelines and the name is approved by the Registrar of Companies (ROC), the registering authority in India. In this article, we have made a modest …