Company/LLP Incorporation Services
Insights by Deepender Aggarwal & Associates
Incorporating a company or a Limited Liability Partnership (LLP) is a significant step for entrepreneurs looking to establish a formal business structure in India.
Deepender Aggarwal & Associates, a seasoned Chartered Accountant, provides comprehensive guidance on the intricacies involved in the incorporation process, ensuring compliance with legal requirements and optimizing business operations from the start.
Understanding Company Incorporation
Incorporating a company involves creating a legal entity separate from its owners, offering benefits such as limited liability, ease of raising capital, and enhanced credibility. The process of incorporation involves several key steps:
- Choosing the Type of Company: Decide between a Private Limited Company, Public Limited Company, One Person Company, or other types based on your business needs.
- Obtaining Digital Signature Certificate (DSC) and Director Identification Number (DIN): These are essential for the directors to sign documents electronically.
- We turn numbers into actionable business intelligence - building a better picture offering better finance.
- Name Reservation: Propose up to two names through the RUN (Reserve Unique Name) service on the Ministry of Corporate Affairs (MCA) portal.
- Filing Incorporation Forms: Submit the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form along with necessary documents.
- Certificate of Incorporation: Upon approval, the Registrar of Companies (ROC) issues the Certificate of Incorporation, confirming the company's legal existence.
LLP Incorporation Process
An LLP combines the benefits of a partnership with limited liability protection for its partners. Deepender Aggarwal & Associates outlines the steps for incorporating an LLP:
- Obtaining Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN): Required for the designated partners of the LLP.
- Name Reservation: Reserve the LLP name using the RUN-LLP service on the MCA portal.
- Filing Incorporation Documents: Submit Form FiLLiP (Form for Incorporation of Limited Liability Partnership) along with necessary documents.
- LLP Agreement: Draft and file the LLP Agreement within 30 days of incorporation, detailing the mutual rights and duties of partners.
- Certificate of Incorporation: Issued by the ROC, this certificate confirms the LLP’s formation.