Deciding the type of legal structure your business should have is a very critical decision to start your business. A proper business structure can not only help you grow big, but can also help plan and save taxes.

Factors to consider to decide the type of registrations:

There are various factors that are required to be considered in order to decide the type of registration. Some of them are as below-
A. Number of promoters
B. Capital to be introduced in the business
C. The complexity of the business
D. Time expected for Break-even
E. Revenue expected in the next 2 years
F. Business expansion plans
G. Cost of registration and subsequent compliance costs.
H. Compliances
I. Investor’s requirements
J. Statutory and Legal requirements
K. Country of incorporation
L. Tax advantages

Various types of registrations:

A. Sole Proprietorship
B. Hindu Undivided Family (HUF)
C. Partnership
D. Limited Liability Partnership
E. Private/ Public Limited Company
F. Foreign Subsidiary or a Branch
G. Micro Finance Company
H. Nidhi Company or a Chit Fund Company
I. Non Banking Financial Company (NBFC)

Why recruit us?

Brainbox can help you analyse the following and help you arrive at the type of registration that your business should take, that would be advantageous for the longer run. Our assessment would encompass the factors as discussed above and the conclusion shall crisply reflect the following:

1. Type of registration to be taken
2. Statutory compliances required
3. Tax advantages of the type of registration
4. Compliance and administrative cost
5. Ease of operations and portability to help you select the best option for your specific scenario
6. How the business can fulfill the various requirements in the future.

Post decision making, Brainbox team can help you in getting your choice of an entity registered speedily and at very nominal costs.