Business Registration

My Advisers: Best Business Registration Company in India

My Advisers: Best Business Registration Company in India – Start Your Dream Venture with Confidence

Starting a business in India is an exciting journey—but the process of business registration can be overwhelming for many aspiring entrepreneurs. From legal compliance to paperwork and choosing the right structure, there are many decisions to make. That’s where My Advisers comes in—a trusted name offering end-to-end business registration services across India.

Led by financial consultant Mr. Biswajit Barman, with over 9 years of experience, My Advisers has helped hundreds of startups, MSMEs, and freelancers turn their ideas into legally registered businesses with ease and confidence.

Why Business Registration is Important in India

Whether you’re launching a new venture, starting a freelance practice, or expanding your brand, business registration is a crucial first step. Here’s why:

Legal Recognition
Brand Credibility
Access to Business Loans & Funding
GST & Tax Registration
Ease of Opening Bank Accounts & Contracts

A properly registered business allows you to grow professionally while staying compliant with Indian laws and regulations.

Ministry of corporate affairs

Why My Advisers is the Best Business Registration Company in India

My Advisers stands out in the financial services landscape for offering trusted, fast, and affordable registration services. Whether you’re in a metro city or a small town, we provide pan-India support to make your business dreams a reality.

What Makes Us the Best:

Personalized Guidance by Mr. Biswajit Barman
Quick Turnaround with minimal documentation
Affordable Pricing with No Hidden Charges
100% Online Process – Smooth & Transparent
Free Business Consultation
End-to-End Support – From Name Approval to GST Filing

Types of Business Registrations We Offer

My Advisers helps you choose and register the most suitable structure based on your business goals:

1. Proprietorship Registration

Ideal for solo entrepreneurs, freelancers, and local service providers.

Key Features:

Quick & low-cost setup
Easy tax filing
Minimal compliance

2. Partnership Firm Registration

Perfect for businesses started by two or more individuals with a shared agreement.

Key Features:

Partnership deed creation
PAN & TAN application
GST and MSME registration

3. Private Limited Company (Pvt Ltd) Registration

Recommended for startups and businesses seeking scalability and funding.

Key Features:

Legal entity with limited liability
Easy to raise capital from investors
Mandatory ROC filing and compliance

4. LLP Registration (Limited Liability Partnership)

Combines the benefits of a partnership and a private limited company.

Key Features:

Separate legal entity
Limited liability for partners
Suitable for professionals & startups

5. One Person Company (OPC) Registration

Ideal for solo founders who want the benefits of a company structure.

Key Features:

Limited liability
Corporate identity
Full control with a single director

6. Startup India Registration

Get recognized under the Government’s Startup India scheme to enjoy benefits like tax exemptions, funding access, and easier compliance.

Support Includes:

DPIIT recognition
Startup India certificate
Guidance for applying under various startup schemes

Guidance for Business Registration

A. Proprietorship Business Registration: Complete Guide

A sole proprietorship is the simplest and most common form of business in India. It is owned, controlled, and managed by a single individual. For freelancers, small traders, local businesses, and independent professionals, a proprietorship offers quick setup, minimal compliance, and full control over operations.

My Advisers helps individuals complete the entire proprietorship registration process smoothly, ensuring proper documentation, compliance, and official recognition of the business.

1. What is a Sole Proprietorship?

A sole proprietorship is a business run by one person under their own name or a chosen brand name. It is not a separate legal entity, meaning the owner and the business are legally the same.

Key features:

Owned by a single person
Easy to start and manage
No mandatory government registration
Minimal compliance
Profits are taxed as personal income

2. When Should You Choose a Proprietorship?

A proprietorship is ideal if you are:

Starting a small or medium-sized business
Launching a home-based or local shop
Running a service-based business
Starting as a freelancer, consultant, or small trader
Wanting to begin operations quickly

It’s also suitable for those who want to test a business idea before investing in a bigger structure like an LLP or Private Limited Company.

3. Requirements for Proprietorship Registration

Even though there is no formal registration certificate for a proprietorship, certain documents give legal identity to the business. My Advisers helps you obtain all required registrations.

3.1. Personal Documents

PAN Card of the proprietor
Aadhaar Card
Passport-size photo
Address proof
Active mobile number and email ID

3.2. Business Details

Proposed business name
Type of business activity
Business address proof (rent agreement, utility bill, etc.)

4. How to Register a Proprietorship Business (Step-by-Step)

Below is a complete process followed by My Advisers:

Step 1: Choose a Business Name

Select a unique, professional, and meaningful name.
It can be:

Your own name (e.g., Rahul Electronics)
A brand name (e.g., Bright Digital Solutions)

Ensure it does not violate trademarks.

Step 2: Obtain a PAN and Aadhaar (Mandatory)

The proprietor’s PAN and Aadhaar are essential for GST, bank accounts, and tax filings.

Step 3: Register for a GST Number (If Applicable)

GST registration is required if:

Annual turnover exceeds ₹20 lakh (services) or ₹40 lakh (trading), OR
You sell online via Amazon, Flipkart, Meesho, etc.

Documents required:

PAN, Aadhaar
Passport-size photo
Address proof
Rent agreement (if applicable)
Electricity bill or NOC

Step 4: Apply for a Udyam MSME Registration

Udyam Registration gives legal identity to the proprietorship as a Micro, Small, or Medium Enterprise.

Benefits include:

Business recognition
Easy bank loans
Subsidies and tax exemptions
Support under govt schemes

This can be completed online with Aadhaar authentication.

Step 5: Get a Business Current Account

A current account in the business name is important for:

Professional transactions
Payments from clients
Applying for loans or credit

My Advisers helps you prepare:

GST certificate or Udyam
Business address proof
PAN & Aadhaar
Business letter / declaration

Step 6: Local Business Licenses (If Required)

Depending on the business type, you may need:

Shop & Establishment Certificate
Trade License
Professional Tax Registration (varies by state)

My Advisers provides assistance based on your state’s requirements.

Step 7: Trademark Registration (Optional but Recommended)

If you want to protect your brand name or logo, filing a trademark ensures:

Exclusive ownership
Legal protection
Brand value growth

5. Benefits of a Sole Proprietorship

A proprietorship offers several strong advantages:

5.1. Simple and Quick Setup

Starting a proprietorship takes minimal time and paperwork. No complex registration is required.

5.2. Full Control and Ownership

The proprietor controls:

Decisions
Profits
Operations
Finances

No partners or shareholders are involved.

5.3. Low Compliance

Unlike companies or LLPs, proprietorships do not require:

Annual filings with ROC
Formal board meetings
Complicated accounting

Only basic tax and GST compliance is needed.

5.4. Minimal Cost

Registration costs are very low compared to other business structures.

5.5. Easy Tax Filing

All profits are taxed as personal income under ITR-3 or ITR-4.
This simplifies tax management for individuals.

6. Liabilities of a Proprietorship

A sole proprietorship has some limitations you should know:

6.1. Unlimited Liability

The proprietor is personally responsible for all debts, losses, and liabilities.
If the business faces a financial issue, personal assets may be at risk.

6.2. Limited Growth Potential

Since funding is mostly personal or through small loans, scaling the business may be challenging.

6.3. No Separate Legal Entity

The business and the owner are legally the same.
This affects:

Credibility
Legal protection
Ownership transfer

6.4. Difficulty in Raising Capital

Banks and investors prefer registered companies.
Raising large investments is more difficult in a proprietorship.

7. Documents You Receive After Proprietorship Registration

Depending on your requirements, My Advisers helps you obtain:

GST Registration Certificate
Udyam (MSME) Registration
Shop & Establishment Certificate
Trade License
Business PAN (Proprietor’s PAN used)
Business Current Account
Trademark (if applied)

These collectively provide legal recognition to the proprietorship.

8. Why Register Your Proprietorship With My Advisers?

My Advisers simplifies the process with:

Expert consultation
Proper documentation
Quick online registration
GST and MSME support
Assistance with banking and licenses
Guidance on tax filing and compliance

You get a fully functional business setup without confusion or errors.

A sole proprietorship is the easiest way to start a business in India. With low cost, minimal compliance, full control, and fast setup, it is ideal for small traders, freelancers, and new entrepreneurs. However, understanding legal liabilities and documentation is crucial for smooth operations.

My Advisers ensures that your proprietorship is registered correctly, legally recognized, and ready to operate with complete compliance.

B. Partnership Firm Registration: Complete Guide

A Partnership Firm is one of the most preferred business structures for small and medium-sized enterprises in India. It allows two or more individuals to collectively own, manage, and share profits of a business under a mutually agreed Partnership Deed.

My Advisers helps entrepreneurs form legally compliant partnership firms by preparing the Partnership Deed, arranging documentation, and completing the registration process under the Indian Partnership Act, 1932.

1. What is a Partnership Firm?

A Partnership Firm is a business structure where two or more individuals join hands to run a business and share profits or losses. The relationship between partners is governed by a written agreement known as the Partnership Deed.

Key Characteristics:

Minimum 2 partners (maximum 20)
Easy to start and operate
Governed by the Partnership Act, 1932
Can be Registered or Unregistered
Low compliance and flexible operations

2. Types of Partnership Firms

There are two types in India:

2.1. Registered Partnership Firm

A firm registered with the Registrar of Firms (RoF).
It enjoys higher legal protection and rights.

2.2. Unregistered Partnership Firm

A firm NOT registered with the Registrar of Firms.
It can still operate legally, but with certain limitations (e.g., cannot sue partners or third parties in court).

My Advisers always recommends registering your partnership firm for legal safety and credibility.

3. When Should You Choose a Partnership Firm?

A partnership structure works best when:

Two or more individuals want to collaborate
Capital and responsibilities need to be shared
You want low compliance and quick setup
You need a flexible management structure
You want more support and capital than a proprietorship

It’s ideal for:

Small manufacturing units
Trading businesses
Agencies and consultancies
Retail stores
Service providers
Family businesses

4. Legal Requirements to Start a Partnership Firm

4.1 Minimum Partners

At least two partners.

4.2 Maximum Partners

Up to 20 partners, as per the Companies Act.

4.3 Partnership Deed

A written agreement containing:

Firm name
Nature of business
Capital contribution
Profit-sharing ratio
Roles and responsibilities
Dispute resolution process
Rules for admission/retirement of partners

My Advisers drafts a fully compliant Partnership Deed tailored to your business needs.

5. Documents Required for Partnership Registration

5.1 Partner Documents

PAN Card
Aadhaar Card
Passport-size photos
Address proof (Voter ID, DL, Passport, etc.)

5.2 Firm Documents

Proposed firm name
Business address proof (rent agreement or utility bill)
NOC from the property owner (if rented)

5.3 Additional Requirements

Partnership Deed (Notarized or Registered)
Stamp paper depending on state rules

6. Step-by-Step Process of Partnership Firm Registration

Below is the complete process followed by My Advisers to set up your partnership:

Step 1: Choose a Name for the Firm

Guidelines:

Should be unique
Should not infringe trademarks
Should not contain words like “Ltd”, “Pvt Ltd”, “Corporation”

My Advisers can help verify name availability.

Step 2: Drafting the Partnership Deed

This is the most important document.
It includes:

Business objectives
Partner duties
Capital contributions
Profit-sharing ratios
Banking arrangements
Withdrawal rules
Dispute resolution procedures

We prepare a legally sound and professionally drafted Deed.

Step 3: Notarization of the Partnership Deed

The Deed must be printed on stamp paper and notarized.
The stamp duty varies by state.

Step 4: Apply for Firm Registration (Optional but Recommended)

For Registered Firms, apply to the Registrar of Firms (RoF) along with:

Application Form
Notarized Partnership Deed
Identity & address proofs
Specimen signatures
Partner affidavits

The Registrar then issues the Certificate of Registration.

Step 5: Apply for PAN Card for the Firm

A partnership firm requires a separate PAN card (unlike proprietorships).
My Advisers completes this process online.

Step 6: Open a Business Current Account

Banks require:

Registered or notarized Partnership Deed
PAN card of firm
KYC documents of all partners

After verification, a current account is opened in the firm’s name.

Step 7: Register for GST (If Applicable)

GST registration is mandatory if:

Annual turnover exceeds ₹40 lakh (trading) or ₹20 lakh (services)
You sell online
You operate interstate business

Documents needed:

PAN of firm
Aadhaar of partners
Address proof
Authorization letter

Step 8: Obtain Other Licenses (If Required)

Depending on your business nature, My Advisers may help you get:

Shop & Establishment Certificate
Trade License
Professional Tax Registration
MSME (Udyam) Registration
Trademark registration for brand name

7. Benefits of a Partnership Firm

A partnership firm offers many advantages:

7.1 Easy Formation

No complex legal procedures.

7.2 Low Compliance

No mandatory audits (unless turnover exceeds limits).

7.3 Shared Responsibility

Workload, management, and capital are shared.

7.4 Flexible Decision-Making

Partners can make quick decisions without strict regulations.

7.5 Better Resources and Capital

Pooled contributions improve financial stability.

7.6 Simple Tax Structure

Taxed as a separate entity, with moderate tax rates.

8. Limitations and Liabilities

A partnership firm has some disadvantages as well:

8.1 Unlimited Liability

Partners are personally liable for business debts.

8.2 No Separate Legal Entity

Partners and the firm are legally the same.

8.3 Limited Life

The firm dissolves if a partner dies, resigns, or becomes bankrupt (unless mentioned in the deed).

8.4 Limited Capital

Raising large funds is difficult compared to companies.

8.5 Possibility of Conflicts

Differences among partners can impact business operations.

9. Documents You Receive After Registration

My Advisers ensures you receive:

Registered/Notarized Partnership Deed
Certificate of Registration (if registered with RoF)
PAN Card of the Firm
GST Certificate (if applicable)
Udyam (MSME) Certificate
Shop & Establishment Certificate
Current Account Document Kit

These documents give full legal identity to the partnership firm.

10. Why Register Your Partnership Firm With My Advisers?

My Advisers offers:

Expert consultation on selecting the right structure
Customized drafting of Partnership Deed
End-to-end document preparation
Fast and accurate compliance support
Assistance with GST, MSME, banking, and licenses
Affordable pricing with complete transparency

You receive a fully functional and legally recognized partnership business without hassle.

A Partnership Firm is a practical and cost-effective choice for individuals who want to run a business together with shared responsibilities and minimal compliance. With the right Partnership Deed and proper registration, your firm gains credibility, legal protection, and smoother operations.

My Advisers ensures your entire partnership registration is handled professionally—from drafting the deed to obtaining all essential registrations.

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C. Private Limited Company Registration: Complete Guide

A Private Limited Company (Pvt Ltd) is one of the most trusted, secure, and growth-oriented business structures in India. It provides limited liability, separate legal identity, credibility, and easy fundraising options—which is why most startups, SMEs, and rapidly growing businesses prefer this structure.

My Advisers helps entrepreneurs set up their Private Limited Company with complete end-to-end support—name approval, documentation, digital signatures, incorporation filing, PAN/TAN, bank account, and post-registration compliance.

1. What is a Private Limited Company?

A Private Limited Company is a legally recognized corporate entity that is separate from its owners (Shareholders). It operates under the Companies Act, 2013 and is regulated by the Ministry of Corporate Affairs (MCA).

Key Features

Separate legal identity
Liability of shareholders limited to their share capital
Perpetual succession
Can own property, sue and be sued
Recognized as a corporate business structure

A Private Limited Company is ideal for businesses looking for credibility, investors, governance, and long-term growth.

2. Requirements to Register a Private Limited Company

To form a Private Limited Company in India, the following conditions must be met:

2.1 Minimum Requirements

2 Directors
2 Shareholders (Directors can also be shareholders)
1 Resident Director
Registered Office Address in India

2.2 Documents of Directors & Shareholders

PAN card
Aadhaar card
Address proof (Voter ID / Passport / Driving License)
Latest bank statement / utility bill
Passport-size photos

2.3 Registered Office Requirements

Electricity bill / Water bill
Rent agreement (if rented)
NOC from property owner

My Advisers reviews all documents before filing to avoid rejection.

3. Benefits of Registering a Private Limited Company

A Pvt Ltd Company offers strategic advantages:

3.1 Limited Liability Protection

Owners are not personally liable for business losses.

3.2 Separate Legal Identity

The company exists independent of its owners.

3.3 Higher Brand Credibility

Vendors, banks, clients, and investors trust private limited businesses more.

3.4 Easy to Raise Funds

Angel investors, venture capital firms, and banks prefer Pvt Ltd companies.

3.5 Perpetual Existence

Company continues even if directors change or exit.

3.6 Tax Benefits

Access to lower tax rates, depreciation, and business expense claims.

3.7 Easy Ownership Transfer

Shares can be transferred smoothly between individuals.

4. Step-by-Step Private Limited Company Registration Process

Below is the standard process used by My Advisers for fast and accurate incorporation:

Step 1: Consultation and Documentation

We collect all required documents and advise on:

Company name
Business activity
Shareholding pattern
Director eligibility

Step 2: Apply for DSC (Digital Signature Certificate)

Digital signatures are required for all directors.

Processing time: 1–2 working days

Step 3: Company Name Reservation (RUN / SPICe+)

We propose up to two names following MCA rules.

Name rules:

Must be unique
Cannot infringe trademarks
Should reflect the business activity
Should not resemble existing companies

MCA approves the name within 1–3 days.

Step 4: Drafting MOA & AOA

MOA (Memorandum of Association)

Defines the company’s objectives.

AOA (Articles of Association)

Defines internal working rules and responsibilities.

We prepare both documents legally and professionally.

Step 5: Filing of SPICe+ Form with MCA

SPICe+ is the integrated form for:

Company incorporation
PAN
TAN
EPFO registration
ESIC registration
GST (optional)
Bank account setup

All details, documents, affidavits, and declarations are submitted online.

Step 6: Certificate of Incorporation (COI)

MCA issues the Certificate of Incorporation, which includes:

CIN (Corporate Identity Number)
Date of incorporation
PAN of the company
TAN of the company

Once COI is issued, the company legally exists.

Step 7: Opening a Current Account

Using COI, MOA, AOA, and KYC documents, we help open a business bank account.

Step 8: Post-Incorporation Compliance Setup

We guide you with:

First Board Meeting
Appointment of auditor
Issue of share certificates
Register of members & directors
Bank account activation
GST/Professional tax (if needed)

5. Time Required for Registration

A Private Limited Company usually takes 7 – 12 working days depending on:

MCA workload
Name approval
Document accuracy

My Advisers ensures the fastest possible processing.

6. Structure of a Private Limited Company

A Private Limited Company has:

6.1 Directors

Responsible for management and operations.

6.2 Shareholders

Owners of the company.
Can be:

Individuals
Companies
Foreign Nationals

6.3 Registered Office

Official address used for all legal communication.

7. Annual Compliance Requirements

Once registered, a Pvt Ltd Company must follow mandatory compliance:

Mandatory Annual Filings

ITR filing for the company
ROC filing (AOC-4 & MGT-7)
Audit report from a CA
Board meetings (minimum 4 per year)
Statutory registers maintenance

Financial Obligations

Accounting & bookkeeping
Tax audit if turnover exceeds limits
TDS compliance

My Advisers provides affordable compliance packages to keep your company legal and safe.

8. Tax Structure of a Private Limited Company

A Pvt Ltd Company is taxed at:

22% (for domestic companies under Sec 115BAA)
15% (for new manufacturing companies)

Plus surcharge & cess as applicable.

Tax deductions allowed:

Rent
Salary payments
Depreciation
Business expenditure
Interest on loans

9. Comparison: Private Limited vs Proprietorship vs Partnership

Feature	Private Limited Company	Partnership Firm	Proprietorship
Legal Status	Separate legal entity	Not separate	No legal separation
Liability	Limited	Unlimited	Unlimited
Investors	Allowed	Limited	Not allowed
Compliance	Moderate	Low	Low
Tax Rate	Company tax	Personal tax	Personal tax
Credibility	Very high	Medium	Low
Existence	Perpetual	Ends on partner exit	Tied to owner

10. Charges Involved in Pvt Ltd Registration

Charges depend on:

State stamp duty
DSC cost
Documentation
Professional fees

My Advisers offers a budget-friendly registration package that includes:

DSC
MOA & AOA drafting
Name reservation
MCA filing
Tax registrations
Compliance guidance

11. Why Register Your Private Limited Company With My Advisers?

My Advisers offers unmatched advantages:

✔ Expert guidance throughout

✔ Fast documentation & filing

✔ Affordable, transparent pricing

✔ Zero rejection guarantee

✔ Support for GST, MSME, PF/ESI

✔ One-stop solution for compliance

✔ Dedicated WhatsApp/Phone Support

You get a hassle-free, accurate and quick incorporation from start to finish.

12. Frequently Asked Questions (FAQ)

1. How many directors are needed for a Pvt Ltd Company?

Minimum 2 directors.

2. Can a foreign national be a director?

Yes. One director must be an Indian resident.

3. Can I register the company at a home address?

Yes, residential address is allowed.

4. Do I need office space to start?

No, a home address is valid for registration.

5. How long does it take?

7–12 working days.

6. Can the company change directors later?

Yes, directors can be added/removed any time.

7. Is audit mandatory?

Yes, annual audit is mandatory regardless of turnover.

Registering a Private Limited Company gives your business strong credibility, limited liability, legal identity, and long-term scalability. Whether you’re launching a startup, expanding operations, or planning to raise investment, Pvt Ltd is the most trusted structure in India.

My Advisers makes the entire process smooth—handling documentation, MCA filing, compliance setup, and post-incorporation support at affordable prices.

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D. LLP Registration in India: Complete Guide

A Limited Liability Partnership (LLP) has become one of the most popular business structures in India for startups, professional firms, small businesses, and partnership-based enterprises. It combines the flexibility of a partnership with the limited liability protection of a company, making it ideal for founders who want both freedom and safety.

My Advisers helps entrepreneurs register LLPs smoothly with end-to-end support—documentation, partner KYC, name approval, LLP Agreement drafting, incorporation filing, PAN/TAN, and compliance setup.

1. What is an LLP (Limited Liability Partnership)?

An LLP is a hybrid business structure governed by the LLP Act, 2008, offering:

Limited liability to partners
Separate legal identity
Less compliance compared to a Private Limited Company
No limit on maximum partners
Flexible internal management
Lower operational costs

It is the best choice for service providers, consultants, small traders, lawyers, accountants, and businesses formed by two or more founders.

2. Minimum Requirements for LLP Registration

To register an LLP in India, the following must be fulfilled:

2.1 Basic Requirements

Minimum 2 Partners
Minimum 1 Designated Partner must be a resident of India
No maximum limit on partners
Registered office address in India

2.2 Documents Required

For Partners

PAN card
Aadhaar/Voter ID/Driving License/Passport
Latest bank statement or utility bill
Passport-size photographs

For Registered Office

Electricity bill / Water bill
Rent agreement (if rented)
NOC from owner

My Advisers checks all documents before submission to avoid rejections.

3. Benefits of LLP Registration

LLP offers important advantages that make it perfect for partnerships and small businesses:

3.1 Limited Liability Protection

Partners are not personally responsible for business liabilities.

3.2 Separate Legal Entity

LLP can own assets, enter contracts, sue and be sued in its own name.

3.3 No Restriction on Number of Partners

Ideal for growing partnerships.

3.4 Low Compliance Cost

Less ROC filing requirements compared to a Private Limited Company.

3.5 No Minimum Capital Required

You can start an LLP with any amount of capital.

3.6 Tax Benefits

Income is taxed as a partnership, not as a company
No Dividend Distribution Tax (DDT)
Deduction for partner remuneration (subject to limits)

3.7 Flexibility of Management

Partners can manage the business as per LLP Agreement, without rigid company law requirements.

4. LLP vs Private Limited Company vs Partnership Firm

Feature	LLP	Pvt Ltd Company	Partnership Firm
Legal Status	Separate entity	Separate entity	Not separate
Liability	Limited	Limited	Unlimited
Minimum Members	2 Partners	2 Directors	2 Partners
Compliance	Low	Moderate	Very Low
Suitable For	Small/medium teams	Startups seeking funding	Very small businesses
Taxation	Partnership rate	Company tax	Personal tax
Audit	Only if turnover > ₹40 lakh	Mandatory	Not mandatory
Maximum Members	Unlimited	200	No limit

LLP is the middle path — offering security like a company but simplicity like a partnership.

5. Step-by-Step LLP Registration Process

Below is the exact process used by My Advisers for quick LLP formation:

Step 1: Pre-Registration Consultation

We guide you on:

Partner eligibility
Capital contribution
Business activity
Name selection
Document preparation

Step 2: DSC (Digital Signature Certificate)

All designated partners need a DSC to sign digital forms.

Processing time: 1–2 days

Step 3: Name Reservation (RUN–LLP Form)

We submit two name options to MCA.

Name rules:

Should be unique
Should not match existing LLP or company
Should not violate trademarks
Should relate to business activity

Approval takes 1–3 working days.

Step 4: Filing Form FiLLiP (Incorporation Form)

FiLLiP includes:

Partner details
Registered office address
Capital contribution
Consent of partners
Document attachments

This is the primary filing step.

Step 5: Issue of Certificate of Incorporation

After verification, MCA issues:

Certificate of incorporation
LLP Identification Number (LLPIN)
PAN & TAN (post incorporation)

Your LLP becomes legally registered at this stage.

Step 6: Drafting & Filing LLP Agreement

LLP Agreement defines:

Roles & duties of partners
Capital contribution
Profit-sharing ratio
Rights & responsibilities
Dispute resolution
Exit procedures

It must be filed within 30 days of incorporation.

Step 7: Opening Bank Account

We help open a current account using:

LLP Agreement
COI
PAN
KYC documents

6. Time Required for LLP Registration

Total estimated time: 8–15 working days

Breakdown:

DSC: 1–2 days
Name approval: 1–3 days
Filing & approval: 5–10 days

My Advisers ensures faster processing through expert handling.

7. Compliance Requirements for LLP

LLPs must comply with annual filing rules under MCA:

7.1 Mandatory Filings

Form 8: Statement of Accounts
Form 11: Annual Return
Income Tax Return (ITR-5)

7.2 Audit Requirement

Audit is required only if:

Turnover exceeds ₹40 lakh, OR
Capital contribution exceeds ₹25 lakh

7.3 Additional Responsibilities

Maintenance of financial records
Documentary proof for transactions
Partner KYC updates (if required)

8. Taxation of LLP in India

LLPs enjoy beneficial tax treatment:

8.1 Tax Rate

Flat 30% on profits
Plus surcharge & cess where applicable

8.2 Advantages

No DDT
No tax on profit distribution
Partner remuneration allowed as deduction
Business expense deductions allowed

9. Capital Contribution in LLP

Capital can be:

Cash
Property
Service contribution (professionals)

Partners share profits as per the LLP Agreement—not necessarily based on capital amount.

10. Advantages of Registering an LLP With My Advisers

My Advisers offers complete LLP incorporation support with:

✔ Low-cost documentation & filing

✔ Fast MCA approval processing

✔ LLP Agreement drafting by experts

✔ Zero rejection guarantee

✔ Support for PAN, TAN, GST, MSME

✔ Dedicated partner support for queries

✔ Full post-registration compliance guidance

We handle everything from start to finish—so you can focus on business growth.

11. Frequently Asked Questions (FAQ)

1. How many partners are required for LLP?

Minimum 2. No maximum limit.

2. Can an LLP be started from home?

Yes, a residential address is allowed.

3. Is foreign investment allowed in LLP?

Yes, under automatic route for many sectors.

4. Is audit mandatory?

Only if turnover > ₹40 lakh or capital > ₹25 lakh.

5. Can a company become a partner?

Yes, companies and LLPs can be partners.

6. Is LLP better than a partnership firm?

Yes—because liability is limited and compliance is higher but manageable.

An LLP is the perfect business structure for professionals, service providers, and small-to-medium partnership businesses. It offers the ideal combination of low cost, limited liability, simple management, and legal recognition.

With My Advisers, LLP registration becomes effortless—starting from consultation to incorporation and long-term compliance.

Below is a complete, structured, fully detailed, and publication-ready knowledge-base page on One Person Company (OPC) Registration in India, tailored for My Advisers.

E. One Person Company (OPC) Registration – Complete Guide (India)

My Advisers helps individuals register their One Person Company smoothly, affordably, and with full compliance support. This guide explains eligibility, documents, procedure, compliance, benefits, liabilities, fees, and FAQs in simple professional language.

📘 What is a One Person Company (OPC)?

A One Person Company (OPC) is a company structure introduced under the Companies Act, 2013 that allows a single person to operate a corporate entity with limited liability. It is ideal for solo entrepreneurs, consultants, service providers, freelancers, and small business owners who want full ownership while enjoying the credibility of a private limited structure.

Why OPC Registration?

OPC offers:

Single ownership + Corporate identity
Limited liability protection
Separate legal entity status
Better fundraising & banking credibility
Higher brand trust than proprietorship
Full control with one owner

Eligibility for OPC Registration

To register an OPC, you must meet the following criteria:

✔ Number of Members

1 Shareholder (Mandatory)
1 Nominee (Mandatory)
1 Director (Shareholder can be the director)

✔ Citizenship Requirement

Only Indian citizens can form an OPC.
They must also be residents of India (182+ days in previous financial year).

✔ Business Type Limitation

OPC cannot carry out:

Non-banking financial investment activities
Section 8 charitable company activities
Scaling beyond statutory turnover/paid-up capital limits without conversion

Documents Required for OPC Registration

Below is a complete checklist:

A. Documents for Director & Nominee

PAN Card
Aadhaar Card
Passport-size photo
Email ID & Mobile Number
Address proof (any one):
- Voter ID / Driving License / Passport

B. Registered Office Documents

Electricity/Water Bill (not older than 2 months)
Rent agreement (if rented)
NOC from property owner

C. Other Requirements

Digital Signature Certificate (DSC)
Director Identification Number (DIN)

Step-by-Step Process of OPC Registration in India

My Advisers handles every step listed below:

📍 Step 1: Apply for Digital Signature (DSC)

Required for the director and nominee.
Used for online filing of forms.

📍 Step 2: Apply for DIN & Name Approval

Submit SPICe+ Part A for name reservation.
Recommended format: YourName OPC Private Limited.

📍 Step 3: Prepare Required Legal Documents

My Advisers prepares:

Memorandum of Association (MOA)
Articles of Association (AOA)
Nominee Consent Form (INC-3)
Declaration & Affidavits
Registered office documents

📍 Step 4: File SPICe+ Part B with MCA

Includes:

Director details
Capital structure
Registered office
Business codes (NIC)
PAN & TAN application

📍 Step 5: Issue of Certificate of Incorporation

Once approved by MCA, the following are issued automatically:

Company Incorporation Certificate
Company PAN
Company TAN

Your OPC is now legally registered.

Post-Registration Compliances for OPC

Even though OPC is a single-owner entity, it must follow certain annual compliances.

Mandatory Compliances

Maintain accounting records
File Annual Return (Form AOC-4)
File Financial Statements (Form MGT-7A)
Income Tax return filing
Auditor appointment within 30 days of incorporation
GST filing (if applicable)

My Advisers provides all compliance services at affordable fees.

Benefits of One Person Company Registration

1️⃣ Limited Liability Protection

Your personal assets remain safe.
Company’s debts do not become your personal liabilities.

2️⃣ Separate Legal Entity

OPC can:

Buy property
Enter contracts
Sue or be sued

3️⃣ Full Control + Professional Status

You get complete ownership with the legal status of a corporate entity.

4️⃣ Suitable for Single Entrepreneurs

Perfect for:

Consultants
Freelancers
Traders
Service businesses
Online businesses

5️⃣ Easy Funding and Credit

Banks, investors, and vendors trust OPC more than a proprietorship.

6️⃣ Low Compliance Burden

Much lower than a private limited company.

Liabilities & Limitations of OPC

⚠ Single Owner Limitation

Only one shareholder is allowed. Growth may require conversion.

⚠ Cannot Engage in Certain Activities

Such as NBFC or investment businesses.

⚠ Mandatory Conversion

If any of this exceeds limits:

Turnover > ₹2 crore
Paid-up capital > ₹50 lakh

OPC must convert into a Pvt Ltd or LLP.

⚠ Compliance Costs

Though lower than Pvt Ltd, costs are higher than a sole proprietorship.

OPC vs Other Business Structures in India

Feature	OPC	Proprietorship	Private Limited	LLP
Ownership	1	1	2–200	2–∞
Liability	Limited	Unlimited	Limited	Limited
Legal Entity	Yes	No	Yes	Yes
Ideal For	Solo entrepreneurs	Small traders	Growing businesses	Professional firms
Compliance	Moderate	Low	High	Moderate

Fees & Cost for OPC Registration

(Estimated range — varies by state)

Component	Approx Cost
DSC + DIN	₹1,000 – ₹2,500
Name Approval	₹1,000
MOA/AOA Drafting	Included in agency fees
MCA Filing Fees	₹2,000 – ₹7,000
Professional Fees	₹4,000 – ₹10,000

My Advisers offers budget-friendly OPC registration packages starting at very affordable pricing.

Why Register Your OPC with My Advisers?

My Advisers stands out because we provide:

✔ Low-cost registration services

✔ End-to-end documentation support

✔ Guidance on choosing business structure

✔ Fast processing & error-free filing

✔ Free consultation for new entrepreneurs

✔ Full compliance support after registration

✔ 100% transparency

You get a personal consultant dedicated to completing your registration smoothly.

Comparison: My Advisers vs Other Consultancy Firms in India

Criteria	My Advisers	Big Consultancy Firms	Local Agents
Cost	Low & Transparent	Very High	Varies
Support	Personal 1-to-1	Ticket-based	Limited
Speed	Fast	Moderate	Slow
Compliance Knowledge	Expert	Good	Limited
Hidden Charges	❌ None	✔ Many	✔ Possible
Quality of Documentation	High	High	Low
MCA Filing Accuracy	Very High	High	Moderate

My Advisers gives premium service at the most economical price.

Frequently Asked Questions (FAQ)

1. Who can start an OPC?

Any Indian citizen who is an Indian resident.

2. Can OPC have employees?

Yes, absolutely.

3. Can an OPC be converted into a Pvt Ltd later?

Yes, voluntary and mandatory conversions are allowed.

4. Can a minor be a member of OPC?

No.

5. Is GST mandatory for OPC?

Only if turnover crosses the GST threshold or if your business requires GST registration.

Ready to Register Your One Person Company?

My Advisers will handle everything—from documentation to MCA approval—at a very affordable price.

📞 Contact My Advisers for Free Consultation
💼 Register your OPC quickly, legally, and stress-free.

Additional Services Offered by My Advisers

Along with business registration, we offer a complete suite of startup and business services:

GST Registration & Filing
MSME (Udyam) Registration
Trademark Registration
PAN/TAN Application
Digital Signature Certificate (DSC)
Business Loan Assistance
Income Tax Filing

How It Works – Simple, Transparent & Online

Free Consultation: Discuss your business idea and structure with our expert.
Document Collection: Share required documents digitally.
Application Filing: We file the application with MCA or relevant authorities.
Certificate of Incorporation: Get your business legally registered within a few days.
Post-Registration Support: GST, PAN, MSME, bank account assistance, and more.

Who Should Register with My Advisers?

Startups & Entrepreneurs
Freelancers & Consultants
Online Sellers & Influencers
Small Businesses & Local Service Providers
Partnership Firms & Agencies

No matter your industry or background, My Advisers ensures a hassle-free, guided process so you can focus on growing your business.

Contact My Advisers Today – Launch Your Dream Legally!

Don’t let complicated legal steps slow you down. Whether you’re planning to launch your startup or regularize an existing business, My Advisers is here to help you at every step.

Contact Details:

WhatsApp Us: +91 8250452257

Email: 4myadvisers@gmail.com

Website: https://myadvisers.net

Blog: https://2myadvisers.blogspot.com

Let’s turn your business idea into a legal, thriving venture—together.

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