{"id":736,"date":"2023-03-07T11:28:50","date_gmt":"2023-03-07T11:28:50","guid":{"rendered":"https:\/\/bestowconsultancy.com\/?page_id=736"},"modified":"2023-08-26T06:40:41","modified_gmt":"2023-08-26T06:40:41","slug":"business-set-up","status":"publish","type":"page","link":"https:\/\/bestowconsultancy.com\/index.php\/business-set-up\/","title":{"rendered":"Business Set-up\u00a0"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"736\" class=\"elementor elementor-736\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d0ff597 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d0ff597\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-79560b9\" data-id=\"79560b9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-147b23c elementor-widget elementor-widget-toggle\" data-id=\"147b23c\" data-element_type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-toggle{text-align:left}.elementor-toggle .elementor-tab-title{font-weight:700;line-height:1;margin:0;padding:15px;border-bottom:1px solid #d5d8dc;cursor:pointer;outline:none}.elementor-toggle .elementor-tab-title .elementor-toggle-icon{display:inline-block;width:1em}.elementor-toggle .elementor-tab-title .elementor-toggle-icon svg{-webkit-margin-start:-5px;margin-inline-start:-5px;width:1em;height:1em}.elementor-toggle .elementor-tab-title .elementor-toggle-icon.elementor-toggle-icon-right{float:right;text-align:right}.elementor-toggle .elementor-tab-title .elementor-toggle-icon.elementor-toggle-icon-left{float:left;text-align:left}.elementor-toggle .elementor-tab-title .elementor-toggle-icon .elementor-toggle-icon-closed{display:block}.elementor-toggle .elementor-tab-title .elementor-toggle-icon .elementor-toggle-icon-opened{display:none}.elementor-toggle .elementor-tab-title.elementor-active{border-bottom:none}.elementor-toggle .elementor-tab-title.elementor-active .elementor-toggle-icon-closed{display:none}.elementor-toggle .elementor-tab-title.elementor-active .elementor-toggle-icon-opened{display:block}.elementor-toggle .elementor-tab-content{padding:15px;border-bottom:1px solid #d5d8dc;display:none}@media (max-width:767px){.elementor-toggle .elementor-tab-title{padding:12px}.elementor-toggle .elementor-tab-content{padding:12px 10px}}.e-con-inner>.elementor-widget-toggle,.e-con>.elementor-widget-toggle{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2141\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2141\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Sole Proprietor Registration<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2141\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2141\">Services.  Covered: \n<ul>\n<li>GST Registration<\/li>\n<li>Support in Bank Opening account<\/li>\n<li>MSME Registration<\/li>\n<li>Consultacy regarding all applicable statutory compliances as per your Business<\/li>\n<\/ul>\nA\u00a0sole proprietorship, also known as a\u00a0sole tradership,\u00a0individual entrepreneurship\u00a0or\u00a0proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the\u00a0business entity. A sole trader does not necessarily work alone and may employ other people.[1]\n<\/br>\nThe sole trader receives all profits (subject to taxation specific to the business) and has\u00a0unlimited responsibility\u00a0for all losses and debts. Every asset of the business is owned by the proprietor, and all debts of the business are that of the proprietor; the business is not a separate\u00a0legal entity. <\/br>\nSole proprietors may use a\u00a0trade name\u00a0or business name other than their or its legal name. They may have to trademark their business name legally if it differs from their own legal name, with the process varying depending upon country of residence.[2]<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2142\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2142\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Partenrship<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2142\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2142\"><ul>\nServices  Covered: \n<li>GST Registration <\/li>\n<li>Name Approval<\/li>\n<li>Partners Capital One Lakhs<\/li>\n<li>PAN Card<\/li>\n<li>Partnership Deed<\/li>\n<li>MSME Registration<\/li>\n<li>Consultacy regarding all applicable statutory compliances as per your Business <\/li>\n<\/ul>\n<p>\nA partnership is a type of business structure in which two or more individuals own and operate a business together. Partnerships can be formed between individuals with complementary skills, who share a common business goal, or who want to pool their resources to start a business.<\/p>\n<p>In a partnership, the owners are known as partners and are responsible for making decisions and managing the business together. Partnerships can be either general partnerships, in which all partners have unlimited personal liability, or limited partnerships, in which one or more partners have limited liability.<\/p>\n<p>One of the advantages of a partnership is that it allows for shared decision-making and management responsibilities, as well as the pooling of resources, expertise, and capital. However, it also requires strong communication and cooperation between partners, and partners are personally responsible for the debts and obligations of the business. Additionally, profits and losses are shared among partners, which can sometimes lead to disagreements or conflicts.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2143\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2143\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Private Limited Company<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2143\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2143\"><ul>\nServices  Covered: \n<li>One Name Approval<\/li>\n<li>\nAuthorised Capital 1 Lakhs\n<\/li>\n<li>Incorporation Certificate<\/li>\n<li>PAN Card<\/li>\n<li>GST Registration<\/li>\n<li>TAN (TDS)<\/li>\n<li>MOA &#038; AOA<\/li>\n<li>Share Certificate<\/li>\n<li>Consultacy regarding all applicable statutory compliances as per your Business <\/li>\n<\/ul>\n<p>A private limited company (Ltd) is a type of business structure in which the company is privately owned and its shares are not publicly traded. In a private limited company, the owners are known as shareholders and they elect a board of directors to manage the company. The shareholders have limited liability, which means that their personal assets are not at risk in the event of the company&#8217;s failure.<\/p>\n<p>A private limited company is a separate legal entity from its owners, which means that it can enter into contracts, sue or be sued, and own assets in its own name. This structure also offers greater flexibility in terms of ownership and management compared to a sole proprietorship or a partnership.<\/p>\n<p>Private limited companies are popular among small and medium-sized businesses, as they offer a balance between limited liability and flexibility in management. However, they are also subject to more regulations and requirements, such as annual financial reporting and filing annual returns, compared to other business structures.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2144\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2144\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">One Person Company<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2144\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2144\"><ul>\nServices  Covered: \n<li>One Name Approval<\/li>\n<li>Authorised Capital 1 Lakh<\/li>\n<li>Incorporation Certificate<\/li>\n<li>\nGST Registration\n<\/li>\n<li>PAN Card<\/li>\n<li>TAN (TDS)<\/li>\n<li>MOA &#038; AOA<\/li>\n<li>Share Certificate<\/li>\n<li>Consultacy regarding all applicable statutory compliances as per your Business<\/li>\n<\/ul>\n<p>A One Person Company (OPC) is a type of business structure in India that allows a single individual to incorporate a company and operate it as a separate legal entity. The concept of an OPC was introduced in India in 2013 with the aim of encouraging entrepreneurship and promoting self-employment.<\/p>\n<p>In an OPC, the owner has complete control over the management of the company and makes all business decisions. However, unlike a sole proprietorship, the owner&#8217;s personal assets are separate from those of the company and are not at risk in the event of the company&#8217;s failure.<\/p>\n<p>An OPC offers the benefits of limited liability and a separate legal identity while still allowing a single individual to manage the business. However, it is subject to certain regulatory requirements, such as filing annual returns and maintaining certain records. Additionally, an OPC must have a minimum paid-up capital of INR 1 lakh and must have a nominee director who will take over the company in case of the death or incapacity of the owner.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2145\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-2145\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">LLP<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2145\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-2145\">Services  Covered: \n<ul>\n<li>One Name Approval<\/li>\n<li>Authorised Capital 1 Lakhs<\/li>\n<li>Incorporation Certificate<\/li>\n<li>PAN Card<\/li>\n<li>GST Registration<\/li>\n<li>Partnership Deed<\/li>\n<li>Two DSC (Digital Signatures)<\/li>\n<li>LLP Compliance Booklet<\/li>\n<li>Consultancy regarding all applicable statutory compliances as per your Business <\/li>\n<\/ul>\n<p>A Limited Liability Partnership (LLP) is a type of business structure that combines elements of partnerships and corporations. In an LLP, the owners are known as partners and they have limited liability, meaning that their personal assets are protected from the debts and obligations of the business.<\/p>\n<p>An LLP is a separate legal entity from its owners, which means that it can enter into contracts, sue or be sued, and own assets in its own name. It also allows for the flexible management structure of a partnership, as partners can actively participate in the management of the business, while also offering the protection of limited liability for its owners.<\/p>\n<p>LLPs are commonly used by professional services firms, such as law firms, accounting firms, and consulting firms, as they offer the flexibility of a partnership and the protection of limited liability. However, like all business structures, LLPs have their own set of regulations and requirements, such as annual financial reporting and filing annual returns, and they may also be subject to specific regulations in their respective industries.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2146\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-2146\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Others<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2146\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-2146\">Public Limited Company\n<\/br>\nNBFC\n<\/bR>\nSection 8 Company (Corporate Trust)\n<\/br>\nIMF Company (Insurance Company)\n<\/br>\nAssets Management Company\n\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Sole Proprietor Registration Services. Covered: GST Registration Support in Bank Opening account MSME Registration Consultacy regarding all applicable statutory compliances as per your Business A\u00a0sole proprietorship, also known as a\u00a0sole tradership,\u00a0individual entrepreneurship\u00a0or\u00a0proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/bestowconsultancy.com\/index.php\/wp-json\/wp\/v2\/pages\/736"}],"collection":[{"href":"https:\/\/bestowconsultancy.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bestowconsultancy.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bestowconsultancy.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bestowconsultancy.com\/index.php\/wp-json\/wp\/v2\/comments?post=736"}],"version-history":[{"count":53,"href":"https:\/\/bestowconsultancy.com\/index.php\/wp-json\/wp\/v2\/pages\/736\/revisions"}],"predecessor-version":[{"id":1229,"href":"https:\/\/bestowconsultancy.com\/index.php\/wp-json\/wp\/v2\/pages\/736\/revisions\/1229"}],"wp:attachment":[{"href":"https:\/\/bestowconsultancy.com\/index.php\/wp-json\/wp\/v2\/media?parent=736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}