Tax Services Chennai

What Process for Limited Liability Partnership Registration in Chennai?  "Call Our Business Plan Experts at +91-72999-72500" As per the provisions of Section 55 along with Schedule II of LLP Act 2008, a registered partnership firm can convert itself into a Limited Liability Partnership. The entire process of conversion is simple, but there are a few important points that should be kept in mind. Firstly, the existing partners must ensure that the number of designated partners does not decrease in the process. Secondly, the share of the partners in the capital book should remain the same as it was on the date of the application. Lastly, the new Limited Liability Partnership Registration Process Consultant must obtain an NOC from the owners of the property in which it wants to establish its registered office. To initiate the process of conversion, a statement containing all the details that were mentioned in the original Partnership Firm's registrati...

Process for Partnership Registration in Chennai  "Call Our Business Plan Experts at +91-72999-72500" It is mandatory for all firms that are intending to do business in the state of Tamil Nadu to get themselves registered. The process for the same can be initiated by submitting the duly signed and authenticated partnership deed to the Registrar of Firms office. The Registrar will check the contents of the partnership deed to understand what the intent of the business is and then will record the same in the Register of Firms. After the same, a Certificate of Registration will be issued which will act as a legal proof for the firm in all the official transactions. The firm will also have to apply for a PAN Card which will help it in handling all the financial transactions. The procedure for registering a partnership firm is fairly simple and easy. To start with, the partners should submit the following documents to the Registrar of Firms office: Proof of a...

Who Can Apply For MSME Registration in India  "Call Our Business Plan Experts at +91-72999-72500" The government has formulated a set of parameters to determine whether an enterprise qualifies for MSME registration. The eligibility criteria are based on investment limits, turnover and capacity to scale up. The MSME Act, which was enacted in 2006, classifies enterprises as micro, small or medium and provides several monetary and non-monetary benefits for businesses registered under the act. Any manufacturing or service-oriented business can apply for MSME registration Consultant in Chennai . This includes enterprises run as sole proprietorships, entities managed by Hindu Undivided Families (HUF), partnership firms, public limited companies, private limited companies and one-person companies. However, it is important to note that an enterprise must invest less than Rs 1 crore to qualify as a micro enterprise. It must invest up to Rs 5 crore to qualify as a small ...

How to Get GST Number for Proprietorship Company in India  "Call Our Business Plan Experts at +91-72999-72500" The most common form of business entity in India is a sole proprietorship. It is the simplest form of business entity and comes with minimal compliances. Nevertheless, it is essential for such entities to stay in compliance with applicable GST laws. So, if you have a business with an aggregate turnover exceeding the prescribed limit, you should consider applying for GST registration for your business. In this article, we will discuss how to get a gst number for a proprietorship company in India. Obtaining GST registration Consultant for your sole proprietorship business is an easy and hassle-free process. In fact, it can be done online from the comfort of your home or office. To begin, visit the GST portal and log in using valid credentials. Once you have logged in, click on the Services > Registration > Track Application Status option ...

Post Incorporation Compliances for a Private Limited Company "Call Our Business Plan Experts at +91-72999-72500" A Private Limited Company is one of the most popular business structures for entrepreneurs as it provides greater flexibility to attract investors, raise capital and scale up over time. However, the legal work is not over as soon as you get your Certificate of Incorporation. There are a number of post incorporation statutory compliances that you must take care of as a Director or Shareholder. It is mandatory for every Private Limited company to have a registered office within 15 days of its incorporation. This office must be capable of receiving and acknowledging communication or notices from various authorities. Moreover, the company has to verify this address with the Registrar of Companies within 30 days via SPICe Form INC-22. The company must open a bank account and route all commercial transactions through the same. It must also file th...

How Women Entrepreneurs Can Start Business in India "Call Our Business Plan Experts at +91-72999-72500" Entrepreneurs have a huge impact on our economy and society. They bring innovation and new products to the market which eventually results in jobs, more economic growth and development. The best part is that entrepreneurs also create a domino effect which means when one business starts, it usually triggers the growth of other businesses in the same industry. Although the word  entrepreneurship has always been associated with men, lately women  entrepreneur s  are also making their presence felt in the field of entrepreneurship. They are overcoming the obstacles that they face in their journey to success like gender discrimination and social taboos. These women are changing the way we look at female entrepreneurship. They have defied the odds and achieved success with sheer grit, determination and strength of purpose. The first entrepreneur in our...

What is the Difference between an OPC and Proprietorship? "Call Our Business Plan Experts at +91-72999-72500" When you start a business, one of the first things to consider is what kind of legal structure to select. This decision impacts a variety of important factors, such as taxation, liability concerns, and potential growth. In this article, we'll take a look at the key differences between an OPC and a sole proprietorship so you can make the best choice for your business needs. The main difference between an OPC and a sole proprietorship is that an OPC is a separate legal entity with limited liabilities, while a sole proprietorship has unlimited liability. An OPC is also subject to fewer compliance requirements than a private limited company or LLP, making it easier to register and manage. Another big difference between an OPC and a sole-proprietorship is that an OPC can issue shares to investors, while a sole-proprietorship does not. This can be an...

What Are the Differences between LLP Company and Partnership? "Call Our Business Plan Experts at +91-72999-72500" Choosing the right business structure can have significant long-term implications for your company. It is important to weigh the pros and cons of each and discuss them with your attorney, accountant, and tax advisor. In this article, we will discuss the differences between an LLP and partnership. An    difference between a partnership and an LLP    where there are one or more general partners and one or more limited partners. The LLP must have a written agreement that specifies management duties, responsibilities and liabilities for each partner. Unlike LLCs, the LLP can allow non-members (accountants, investors, etc) to participate in the management of the business. The LLP can be formed to raise capital through the issuance of shares. It is a tax flow-through entity that reports profits and losses on the partners' income tax returns. ...

How to Form a LLP Company in India "Call Our Business Plan Experts at +91-72999-72500" An LLP is a hybrid business structure that combines the benefits of partnership firm and a private limited company. It is a tax efficient way to conduct your business. It is an especially popular choice for professional firms such as lawyers, accountants, and architects. It also has the advantage of perpetual succession, meaning that the death or departure of a partner will not necessarily cause the LLP to be dissolved. Unlike a partnership firm, an  Limited Liability Partnership   does not have any minimum capital requirement. Additionally, LLPs are required to follow minimal compliance requirements. Failure to comply with these obligations can result in heavy penalties. Unlike a company, an LLP cannot offer shares to potential investors or stakeholders. To start an LLP, you must submit the following documents to the Registrar of Companies (ROC). Each partner mus...

Benefits of Private Limited Company Registration in Online "Call Our Business Plan Experts at +91-72999-72500" A private limited company is a type of corporate entity that can be owned by a maximum of 200 members. It has a separate legal identity and can raise funds through shares to grow its business. Its liability is limited to its assets, so the personal assets of its members are not at risk if the company becomes insolvent. It is also easier to transfer ownership of a private limited company than it is for a partnership firm. It is a popular choice for start-ups, as it offers a number of benefits to its shareholders. A private limited company Consultant can register for GST, which can help it to streamline its business processes and improve its bottom line. It can also apply for government tenders and enjoy tax exemptions.  The process of registering a private limited company can be completed in just a few days by an expert. The documents req...

The Trademark Registration Process Online in Bangalore "Call Our Business Plan Experts at +91-72999-72500" Trademark registration is a crucial aspect of the brand identity. It grants legal recognition for your business and prevents others from using the same or similar mark. A trademark is a sign, design, symbol or expression that distinguishes the products and services of one entity from those of other entities. The trademark can be a word, logo, three-dimensional image, or a combination of all of them. The first step in the trademarkregistration process Consultant online in Bangalore is to conduct a search of existing marks and applications. There are two kinds of searches available: a comprehensive and a basic. The former includes a search of the Indian Trademark Registry database, the Ministry of Corporate Affairs databases. The latter only includes a search of the Indian Trademark Register database. Once the search is complete, you can pro...

Roc Annual Filings Process Online In Bangalore The paperless world is taking over India Inc as corporate filings that used to be done in physical form with the registrar of companies (ROC) and the stock exchanges are now being filed online. Although there are still some issues, including limitations on file size and formats of reports, India Inc is slowly making the transition to electronic filings, which offer greater efficiency and eliminate red tape. During the current fiscal, more than 2.25 lakh companies have been struck off by ROCs because they failed to submit financial statements and annual Filing returns for two consecutive years. This has prompted the Central Board of Direct Taxes to ask zonal heads to check whether these companies indulged in money-laundering activities during the demonetisation period. A Pvt Ltd company is required to comply with the annual filing requirement with the registrar of companies (ROC). This can be a cumbersome task given t...

GST Filing Process Online in Bangalore The GST filing process online in Bangalore is a convenient and hassle-free way to file your income tax return. It eliminates the need for physical paperwork and is a great option for busy individuals. However, before filing your ITR online, it is important to know what to expect and prepare yourself for. Overview: GST is one of the biggest economic reforms to date in India. It subsumes many indirect taxes including excise, service tax, and customs duty into a single unified tax. It also offers benefits to small businesses such as lower compliance and tax rates. Businesses with a turnover of up to Rs 20 lakh can opt for the composition scheme which will lessen their taxation and compliance burdens. This is especially beneficial for start-ups who previously had to run from one pillar to another getting various registrations like VAT, excise and service tax. Under the new GST regime, businesses with a turnover of Rs 40 la...