Taxsavo blogs
Dedicated to making your business compliant according to Indian business law for an increase in the growth and speed of your business.
List of Documents Required for Incorporation
Identity Proofs of Directors
PAN, Aadhar/Passport, Photograph
Address Proof for Company
Utility Bill of the Place of Business (Not older than 2 months)
Rent Agreement/NOC for allowing usage of the place
Address Proofs for Directors/ Nominee
Bank Statement/Utility Bill of Residential Address
One Person Company Registration
Ideal for a person looking to start Solo and take advantage of legal entity concept
Advantages of Private Limited Company
- Continued Existence
A one-person company will have continued existence even after the decease of the director as it will pass on to the nominee director as compared to a sole proprietorship which ceases to exist after the death of the proprietor.
- Credibility and Reliability
As it has a proper legal identity and audited statements, their credibility and reliability among vendors is obviously increased and higher as compared to a sole proprietorship
- Limited Liability
The director’s personal assets and capital is protected from any liability regardless of any business debts. This is a huge advantage in comparison to sole proprietorship where the owner is personally liable. Liability is limited to what the person’s investment in the business is.
- Lesser Compliance Requirements
There are relatively less compliance obligations for an OPC, with regard to AGMs and board meetings etc.
BEFORE WE START
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GST Registration
Whether it is GST Registration or GST Migration, we are quick enough to register without any hassle.
Incorporation Services
At Taxsavo, we have experts who can help you to find out which type of entity is best for your Indian business
Income Tax Returns
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