Planning to start a business in Kolkata or expanding the existing business?

Kolkata is one of the fastest growing Global cities of India. Starting a new business means setting up your own organization, a legal entity. Company structures created by laws are called legal entities. Legal Entities could be a private limited company or one person company or limited liability partnership firm or section 8 company. Having legal entity means your business gets protected by the law. In Kolkata across various sectors, one can start the business by incorporating a legal entity in any of the form. Choosing the particular structure of business formation depends on business vision, it depends on factors such as what will be the size of business, who the targeted customers will be, what will be the funding requirement of the business. For company registration in Kolkata, caonweb is the best company registration consultant in Kolkata.

Type of Business Structure:

Private Limited company registration in Kolkata:

Those who have medium to large scale business should go for this structure. Also for startups it is an ideal structure to start the business if the business wants to expand in future, borrow funds from bank or financial institutions in future and wants to establish trust among customers. To register a private limited company in Kolkata the prerequisites are- 2 Persons are required, you must have a registered address and registered address could be your residential address also. You do not need to visit company registration office in Kolkata in order to get your company registered. Everything can be done online.

The documents required in private company registration in Kolkata are- PAN card of the proposed directors, Address Proof of the registered business place, Address of residence proof of directors and photograph of the directors.

If you want to understand the exact steps involved in registering a company:

• First decide what business are you planning to do, how the structure of business will be, what will be the address of your business.
• Decide what are few names that you have in mind, Remember that getting the desired name is not possible if a similar name is in existence.
• Make a note of all activities that you will carry out for this business.
• Check if you have all the documents required to register a company
• Get connected with consultant who will get your company registered, who will help you opening a bank account, give you clarity on the compliances you shall follow

Things you must know if you are registering a company:

• You do not need to have certain amount of turnover to start a company, Even after the incorporation it is not necessary to any sale or turnover
• It is not true that you shall have GST, PF registration once you are registered as Private limited company. These are the regulations that you will have to comply if you crosses threshold limit such as in PF if number of employees is more than 10 and for GST if your turnover is exceeding 20 Lakhs
• The minimum paid up capital of one lakh clause for company registration in Kolkata, it is not necessary to have it deposited in the bank at the time of registration of company.
• For having a registered place of business, you can use the residential address.
• Having a private limited company in Kolkata will increase the credibility of your business in market
• It will be an advantage for you in terms of availability of funds from bank or financial institutions in future.

Limited liability Partnership Registration in Kolkata

If you are looking to start a business in Kolkata and you want to do the business in partnership then Limited Liability Partnership arrangement is suitable for you. It is a legal structure of business, introduced in the year 2009. It’s basic feature is that it is like a partnership firm but also has the limited liability concept. Unlike in normal partnership firm, in LLP the partner is not personally liable if there is loss in business. Minimum partners required to form LLP is 2. LLP has perpetual existence until dissolved by promoters. You do not need to visit company registration office in Kolkata in order to get your company registered. Everything can be done online.

If you want to understand the exact steps involved in registering a company:

• First decide what business are you planning to do, how the structure of business will be, what will be the address of your business.
• Decide what are few names that you have in mind, Remember that getting the desired name is not possible if a similar name is in existence.
• Make a note of all activities that you will carry out for this business.
• Check if you have all the documents required to register a Limited liability partnership firm registration in kolkata
• Get connected with consultant who will get your Limited Liability partnership firm registration completed, who will help you opening a bank account, give you clarity on the compliances you shall follow

Things you must know if you are planning for limited liability partnership registration in Kolkata:

• You do not need to have certain amount of turnover to start a limited liability partnership firm, Even after the incorporation it is not necessary to have any sale or turnover
• It is not true that you shall have GST, PF registration once you are registered as limited liability partnership firm. These are the regulations that you will have to comply if you crosses threshold limit such as in PF if number of employees is more than 10 and for GST if your turnover is exceeding 20 Lakhs
• In LLP structure, partners are not personally liable for the loss caused to the business
• For having a registered place of business, you can use the residential address.
• 5. Having a limited liability partnership firm in Kolkata will increase the credibility of your business in market
• It will be an advantage for you in terms of availability of funds from bank or financial institutions in future. Because banks normally do not give loan to proprietorship structure.

Proprietorship Registration in Kolkata

If you are starting a business, which is small, does not have a large team, no complexities, then you can go for proprietorship structure. By proprietorship structure, it means you can either have GST registration or get registered under MSME. Online firm registration in Kolkata can be done through caonweb. We have team of experts who will help you get your proprietorship firm.

So, these are the most popular way to establish your legal entity in India. Once you get your legal entity established, you should take care of the compliance part as well. The compliance of auditor appointment, ROC filing, GST filing, All these things should be taken care of. You need to choose the right consultant while you are getting your legal entity incorporated. If you have any questions on company registration in Kolkata you could reach out to us through call or email, our experts will get in touch with you,

Steps For Company Registration in Kolkata

• 1.   Application of DSC & DPIN

First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by MCA. If the directors already have DSC and DPIN, then this step can be skipped.

• 2.   Name approval

You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business.

• 3.    MOA & AOA submission

Once name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement and

• 4.   Get incorporation certificate

It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification is a proof that company has been created. It also includes your CIN number.

• 5.   Apply for PAN, TAN and Bank account

Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.