What Time Duration Involve For Different Type of Business Registration Online?

For doing business in India we need to use some identity, and for this purpose Firm registration online is the option to do. Aspirants of business have many option, they can chose different type of business entity.

Every business registration involves some time to get done. Now we will explain time duration with reasons for every type of business registration online.

Company Registration: Company may be public or private limited company people use to take registration. Both companies have almost same method of registration. Only part which make private limited different from the public limited company is rules and regulation to be follow after new company registration.

It take almost 10 working days for whole process to be done, which involves name approval, DSC creation, MOA and AOA, Documentation and other procedures. For New Company registration the all documents to be submitted by the professional to the MCA in Manesar (Near Delhi). The process is 100% and directors need not to present at the time of registration.

LLP Registration: Limited liability partnership is advance form of normal partnership. This is combination of partnership and company registration. LLP is normal partnership with limited liability provision. Normally LLP take 20-25 working days for registration. After LLP registration we need to apply for pan card, which also takes almost 15 days.

Partnership Registration: Partnership firm registration is done by creating simple deed between partners, which normally takes 1 day. With the help of partnership deed we will apply pan card, but will help of deed and Pan card we cannot open bank account and banks demands some government registration for this purpose.

GST registration is best option for opening bank account, so its better to open take registration so that we can open bank account for the company. Partnership firm registration online is possible with simple steps.

Note: In case we are not cover in the GST, then its better to take company registration or LLP registration, because in these registration there is no requirement of GST for opening bank account with the name of business entity.

Sole Proprietorship Firm: If any person wants to register business with his own name then sole proprietorship is best option. This registration requires GST registration. Normal GST registration takes 5 working days. It take almost 1 hour to fill all details for registration. After that department will issue certificate for GST.

Now, we understand that in case we want to register our business in fatest form then its better to go for company registration. If we are individual for doing business the Sole proprietorship is best. All above firm registration online is possible to done with simple steps.