Business Incorporation & Registration Services in India
At Fouses, we are committed to make GST simple for all business owners in India. It helps businesses to get legally bided as a supplier of goods or services. Since, GST is a tax that sums up a variety of state tax (VAT, Entertainment Tax, Luxury Tax, Octroi) and central tax (CST, Service Tax, Excise Duty). GST tax rates vary from 0% to 28%, depending upon the types of goods or services offered in the society. Fouses will make your experience of registering a business quick and easy.
Registration Included at Fouses
MSME – Udyog Aadhar: It is a 12digit identification number which the Govt. of India, provides to the registered business. The Udyog Aadhar, is specifically given to the business entities only. With more than 42 million different business units in India, that deals with different manufacturing and services, it is easy for the government to makes schemes and give direct benefits to the businesses identified by Aadhar Udyog number. Businesses that have Udyog Aadhar can easily avail loans at subsidized rates, credit guarantee schemes and get various concessions.
Private Limited Company: This is the Legal structure for business Groups that need external funding from public and they provide shares in return to that Funds. This is the most commonly used legal structure, for the incorporation of the Company. The Board of directors, control the business in this structure. The PLC, can easily avail loans from the banks and in case of bankruptcy the personal assets of the Directors are not used to repay the debits.
Limited Liability Partnership: If anyone wants to run a business with partners, they can opt for LLP structure. The LLP structure, works till the partners do not require any external funding and in case they wish to get funded by public, they have to convert the company into private limited company. It is the easiest and cheapest way, to get business incorporation. The LLP structure, limits the partner’s liability to their investment in the company.
One Man Company: If any person wishes to have his own control on the business operations, he can choose OPC structure for business incorporation. Any person can register for OPC, if he has minimum capital of 1 Lakh. In case, the paid Capital exceeds to 50 lakhs he has to convert its OPC registration to Private limited company.
Sole Proprietorship: The Sole Proprietorship, is not a legal structure like partners and shares, the single individual is the owner of the business. He can start his business, with his own personal debits under his name. In this Sole Proprietorship, if the business fails to earn profit, the creditors can go for legal procedure and claims can be recovered from his personal assets. In case the owner dies, the business has the little chance of survival.
Business & GST Registration With Fouses
GST registration beside being mandatory, also helps your business to avail number of opportunities. There are many benefits of GST registration for your business which includes:
- Helps your business with many competitive advantages, as you will carry valid GST registration.
- Also, helps you with expanding your business and availing many government benefits.
- Only registered GST holders can avail Input Tax paid on purchases and save cost for their business.
- Will help you grow your business throughout the country without any restrictions.
- Helps deal with MNCs and with your GST registration.
- Easy to avail various government tenders with GSTIN number.
