One of the primary decisions that need to be taken when starting a corporation in India refers to the legal entity under which the respective business will operate the local market. India provides a group of business forms, almost like those available in other jurisdictions. the choice regarding the legal structure of an Indian company should be taken in accordance with the capital the investors have, the obligations and liabilities they need to assume or the dimensions of the business they need to work here. Our team of consultants in company formation in India offers legal assistance for selecting a legal entity suitable for a selected business registered here.
Registering an Indian sole trader
The Indian sole trader represents the only sort of doing business during this country. At an equivalent time, if the business fails, the completing procedure is far simpler than within the case of other business forms.
The procedure on the way to form a corporation in India for a sole proprietorship stipulates that this business form are often found out by one investor, who is performing business activities in his or her own name. Our team of representatives in company formation in India can advise on the benefits of a sole trader.
The company will got to be represented by a company checking account , a requirement imposed to other business structures available here, also on register for value added tax, but only within the situation during which the corporate reaches a particular income threshold. This business form is typically the simplest option within the case of small businesses.
Register a partnership in India
Another business form that's usually employed in India is that the partnership. Its succcess is given by the straightforward registration procedure. India provides two sorts of partnerships, as follows:
1 partnership registered under the Partnership Act 1932;
2 indebtedness partnership, registered under the indebtedness Partnership Act 2008.
A partnership in India is usually found out by an Indian citizen residing in India, but foreign investors can also found out this business form, after having received permission from the local institutions.
Businessmen are invited to contact our team of specialists in company registration in India for in-depth assistance on the way to choose an appropriate legal entity.
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