Starting a new business can be thrilling. One of the first steps to make your business official is company registration. Here’s a simple guide on how to register your company with insights from Deeksha Khurana, a top consultant at Taxlegit, known for the best income tax return filing services.
Choose Your Business Structure
The first step in registering your company is to decide its structure. You can choose from:
- Sole Proprietorship
- Partnership
- Limited Liability Partnership (LLP)
- Private Limited Company
- Public Limited Company
Your choice will affect your registration process, compliance requirements, and taxation.
Name Your Company
Select a unique name for your company. Ensure it is not similar to an existing company name. Check the availability of your desired name through the Ministry of Corporate Affairs (MCA) portal.
Obtain a Digital Signature Certificate (DSC)
A Digital Signature Certificate is necessary for the online filing of forms. Get a DSC from certifying authorities recognized by the government.
Apply for Director Identification Number (DIN)
Every director of the company needs a Director Identification Number. Apply for a DIN through the MCA portal.
Register on the MCA Portal
Create an account on the MCA portal. This account is crucial for filing your company registration forms online.
File the Incorporation Form
Prepare the incorporation documents, which include:
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Proof of registered office address
- Identity and address proof of directors
File these documents online using the SPICe (Simplified Proforma for Incorporating Company Electronically) form.
Apply for PAN and TAN
Apply for your company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN). These are essential for tax purposes.
Startup India Registration
If you are starting a new venture, consider registering under the Startup India scheme. This offers several benefits, including tax exemptions and easier compliance. Visit the Startup India portal and fill out the application form.
GST Registration
If your business turnover exceeds the threshold limit, you need to register for GST. GST registration is mandatory for businesses providing goods and services across states. Register for GST on the GST portal to comply with tax regulations.
Open a Bank Account
After getting the incorporation certificate, open a bank account in your company’s name. This account will be used for all business transactions.
Compliance and Filing
Once your company is registered, stay compliant with the regulations. File annual returns, maintain proper accounts, and meet all statutory requirements. For expert help, consider consulting Taxlegit. Deeksha Khurana specializes in income tax return filing and can guide you through compliance matters.
Benefits of Professional Help
Registering a company involves numerous steps and legal formalities. Consulting a professional like Deeksha Khurana from Taxlegit can simplify this process. They offer comprehensive services, including income tax return filing, startup India registration, and GST registration.
Conclusion
Registering a company is a significant step toward realizing your business dreams. Follow this guide to navigate the process smoothly. For expert assistance, trust Deeksha Khurana from Taxlegit, your go-to consultant for income tax return filing and more. Start your business journey with confidence
