Patna Consultant

Company Registration

Patnaconsultant is best consultant for Online Company registration in Patna Bihar from year 2001. We will make you understand about Company formation in Patna Bihar, How to register company in Patna Bihar in this article.

Details about Company Registration in Patna Bihar

Company is the most famous type of business entity in Patna Bihar. Company has some benefits that other form of business such as proprietorship firm, partnership firm, or Limited Liability Partnership does not have. We will discuss them in brief in this article.By company registration here we mean, registration of company as per provision of Company Act, 2013. Company Act, 2013 has prescribed many types of companies such as:

a. Private Limited Company- Company which can not raise funds from public. Private Limited company has one more type such as one person company:

  • One Person Company- This is a special type of private limited company. Unlike general private limited company, it has only one shareholder, that’s why, its called one person company.

b. Public Limited Company- Public Companies can raise funds from public by way of issue of shares, bonds, debentures etc.

Apart from this, Company Act, 2013 has mentioned some special types of companies also like:

c. Nidhi Company: Nidhi company can take deposits and give loans to its members

d. Producer Company: Producer company is formed by farmers for their mutual benefits

e. Section 8 Company: Company that has objective to spend profits on its objectives. Means it works for social welfare and is generally categorized as NGO company.

Why to register company?

Company has some good features that other forms of business that does not have, like;

  1. Company is separate legal entity: Company and its owners are two different persons in eyes of laws
  2. Company has perpetual life: Means it will never die by its own
  3. Company can buy assets, hold properties and sell properties in its own name
  4. Company can sue others or be sued in its name
  5. Companies’ pan number is different form that of its owners
  6. Company can raise as much capital as it wants from public

Process of Company Registration

  1. Preparation of documents
  2. Application for Digital Signature certificate is filed
  3. Application for company registration is filed
  4. Company is registered and Incorporation certificate of company is issued by the registrar of companies

Can you get Online Company Registration done?

  1. Government of India has made company registration to be done online. So, its good news for you. You do not have to visit our office to get your company registered. You can send your self attested documents through mails or whatsapp. We will do all other things done. You can pay fees by online or through government apps etc.
Company registration

Company Registration fees?

  1. Company registration fees vary depending on capital, location, types of company and also on basis of number of shareholders and directors that company would have.

For Company Registration, NGO registration, ISO certification, FSSAI license, Trademark Registration, Website Development or registration of your businesses, please feel free to call or whatsapp at +91-8540099000

Embarking on the journey of entrepreneurship involves various critical steps, with company registration being one of the foremost. Registering a company not only provides legal recognition but also lays the groundwork for conducting business operations, accessing financing, and ensuring compliance with regulatory requirements. In this comprehensive guide, we’ll delve into the intricacies of company registration, covering everything from choosing a business structure to navigating the registration process, legal requirements, and practical considerations for aspiring entrepreneurs.

Understanding Company Registration:

Company registration refers to the formal process of establishing a legal entity that operates as a separate business entity, distinct from its owners or shareholders. The chosen business structure, whether it’s a sole proprietorship, partnership, limited liability company (LLC), or corporation, determines the legal rights, obligations, and tax implications for the business owners. Registering a company confers various benefits, including liability protection, tax advantages, access to financing, and legal recognition of the business entity.

Choosing the Right Business Structure:

Selecting the appropriate business structure is a critical decision that impacts the legal, financial, and operational aspects of your business. Common business structures include:

  1. Sole Proprietorship: A business owned and operated by a single individual with no legal distinction between the owner and the business entity. Sole proprietorships offer simplicity and autonomy but provide minimal liability protection.

  2. Partnership: A business owned and operated by two or more individuals who share profits, losses, and management responsibilities. Partnerships can be general partnerships, limited partnerships, or limited liability partnerships (LLPs), each offering different levels of liability protection and governance structures.

  3. Limited Liability Company (LLC): A hybrid business structure that combines the limited liability protection of a corporation with the pass-through taxation of a partnership or sole proprietorship. LLCs offer flexibility, simplicity, and enhanced liability protection for owners.

  4. Corporation: A separate legal entity owned by shareholders, managed by a board of directors, and operated by officers. Corporations provide the highest level of liability protection for owners but require formal governance structures, compliance with regulatory requirements, and double taxation for C corporations.

Key Steps in Company Registration:

Regardless of the chosen business structure, the process of company registration typically involves several key steps:

  1. Choose a Business Name: Select a unique and memorable name for your company that complies with legal requirements and reflects your brand identity.

  2. Register the Business: File the necessary registration documents with the appropriate government authorities, such as the state secretary of state’s office or corporate registry, to formally register your company.

  3. Obtain Necessary Permits and Licenses: Identify and obtain any required business permits, licenses, or certifications necessary to operate legally in your industry and jurisdiction.

  4. Draft Governing Documents: Prepare foundational documents such as articles of incorporation (for corporations), articles of organization (for LLCs), partnership agreements (for partnerships), or operating agreements (for LLCs) outlining the rights, responsibilities, and governance structure of the business.

  5. Secure Employer Identification Number (EIN): Obtain an EIN from the Internal Revenue Service (IRS) for tax purposes, regardless of whether your business has employees.

  6. Open Business Bank Account: Establish a separate business bank account to manage finances, track expenses, and facilitate transactions for your company.

  7. Comply with Tax Obligations: Understand and fulfill your tax obligations at the federal, state, and local levels, including income tax, sales tax, payroll tax, and other applicable taxes.

Legal Requirements and Compliance:

Compliance with legal requirements is essential throughout the company registration process and beyond. Depending on the chosen business structure and industry, entrepreneurs may need to address various legal considerations, including:

Corporate Governance: Corporations are subject to formal governance requirements, including the adoption of bylaws, appointment of directors and officers, and holding regular meetings of shareholders and directors.

Regulatory Compliance: Businesses must comply with applicable federal, state, and local regulations governing their industry, including licensing requirements, environmental regulations, labor laws, and consumer protection laws.

Intellectual Property Protection: Safeguarding intellectual property assets through trademarks, copyrights, patents, or trade secrets is essential to protect your brand, products, and innovations from infringement.

Employment Law: Understanding and complying with employment laws and regulations, including anti-discrimination laws, wage and hour requirements, employee benefits, and workplace safety standards, is crucial for employers.

Strategic Considerations for Entrepreneurs:

In addition to legal requirements, entrepreneurs should consider several strategic factors when registering a company:

Business Plan: Develop a comprehensive business plan outlining your company’s mission, objectives, target market, competitive analysis, marketing strategy, financial projections, and growth plans.

Funding and Financing: Explore various sources of funding and financing options, including bootstrapping, loans, grants, angel investors, venture capital, crowdfunding, and strategic partnerships, to support your company’s growth and expansion.

Risk Management: Identify potential risks and develop risk management strategies to mitigate liabilities, protect assets, and ensure business continuity in the face of unforeseen events.

Scalability: Design your business model and infrastructure with scalability in mind to accommodate growth, expansion, and changing market conditions over time.

Exit Strategy: Consider your long-term goals and develop an