Introduction
Setting up a company can either be an exciting or challenging job as there are many considerations involved. With what to start with, how to get it done? Whether the company will be earning well or not. With so many doubts people have while setting up a company, here we bring a simple guide. A Guide to Starting and Setting Up a Company. Read and know it all!
Setting up a company involves several important steps, which can vary depending on the type of company you want to create and the legal requirements given in law. Here are some general guidelines to consider:
Guidelines for setting up a company
Determine the type of company
The primary step involved in setting up a company is to determine as to which type of a company shall be best. And obviously, the local persons do not have such qualifications to identify the suitable type of company. And for that reason, consulting a company registration expert is necessary.
There are various types of companies to start with like sole proprietorship, partnership, limited liability partnership, private limited company or public limited. And every company has its own merits and demerits.
Having so many business entities to begin the business with makes it difficult for a business owner to decide among them. So, as per the expert advice, hire a good consultant and ease your work.
Choose a business name
Secondly, after deciding the type of company, it comes to decide the business or company name. A company name is the second necessary aspect of setting up a company. With the help of a company registration consultant, choosing a good and unique business name would not be a tough task.
As the expert shall make sure that the company’s name is the one not being used by any other business. Also, to make sure everything is under compliance by checking the name availability and giving the best advice of selecting a company’s name.
Register your business
This is the most important step as the business you wish to start with shall finally be registered with the government authority. In the case of registration of company, every company registration document is required to be submitted on the MCA Portal.
It is the role of the consultant or the firm appointed by you, to get the company registration done. Depending upon the type of business entity, the legal requirements shall vary.
Obtain necessary licenses and permits
Along with the company you wish to start with, there would be other licenses also required for your business. May it be GST Registration or any other. Contact EAdvisors and stay assured of your every company-related compliance.
It is important to seek legal and financial advice before starting a company, to ensure that you comply with all relevant laws and regulations and to help you make informed decisions about your business.
Want to set up a company?
EAdvisors is here for you. From setting up a company to the filing process of a company, we assure quality work to our clients. Set up your company with us and get extra benefits provided by us in the Company Registration package.
Start and Set up Your Company with EAdvisors and get
- Certificate of Incorporation of Company
- Name Approval
- Permanent Account Number (PAN) Card
- Tax Deduction Account Number (TAN)
- Director Identification Number (DIN)
- Digital Signature Certificate (DSC)
- Memorandum of Association
- Articles of Associates
- Assistance in opening Bank Account
All you need to do is to send up these below mentioned documents and you are all set to set up your dream company.
Documents Required for Company Registration
Here are the documents required for Company Registration:-
Identity and Address Proof (Director)
- PAN Card or Passport (Foreign Nationals & NRIs)
- Voter’s ID/Passport/Driver’s License
- Latest bank statement/telephone or mobile bill/electricity or gas bill
- Passport-sized photograph specimen signature (blank document with signature [directors only])
Registered Office Proof (Place of Business)
- Latest bank statement/telephone or mobile bill/electricity or gas bill
- Notarized rental agreement in English
- No-objection certificate from the property owner
- Sale deed/property deed in English (in case of owned property)
