Business Incorporation

Business Incorporation

Private Limited Company

Private Limited Company is a very popular form of Business Entity in India. It restricts the liability of its members maximum to the amount of shares held by them. A Private Limited Company is treated as a Separate Legal & Business Entity and thus has powers of entering into contract under its own name. Minimum of 2 members and 2 Directors are required in order to incorporate a Private Limited Company in India.

Advantages of forming a Private Limited Company:
  1. Separate Legal Entity
  2. Limited Liability of Member
  3. Perpetual Succession
  4. Common Seal
  5. Confidentiality of Information
  6. Most reliable form of Business Entity in India
  7. Most Preferred Form of Business Entity for Foreign Direct Investment

MRBC Suggests to go in for incorporating your business as a Private Limited Company if you want to enjoy the benefits of Limited Liability and Perpetual Succession.

Services Included

Price : Rs. 30000/-

Company Name Approval from Ministry of Corporate Affairs
Procurement of Director Identification Number (DIN) for 2 Directors
Procurement of Digital Signatures for Directors
Formation of Memorandum of Association
Formation of Articles of Association
Procurement of Certificate of Incorporation for the Company
Preparation of Share Certificates for Shareholders
PAN Procurement for Company
GST Registration for Company

Opening of Bank Account

Limited Liability Partnership

It is an alternative corporate business form that offers the benefits of limited liability to the partners. It also allows the partners to organize their internal structure like a traditional partnership. A limited liability partnership is a legal body, liable for the full extent of its assets. The liability of the partners, however, is limited. Hence, LLP is a hybrid between a company and a partnership. Minimum of 2 Partners and 2 Designated Partners are required in order to incorporate a Limited Liability Partnership.

Advantages of forming a LLP:
  1. LLP is considered as a body corporate
  2. Benefits of Limited Liability like a Company with the ease of Operations like a Partnership Firm
  3. Formed According to a legally binding LLP Agreement
  4. Latest form of Business Entity introduced in India
  5. Common Seal
  6. Mutual Agency
  7. Full Control with the Partners

MRBC Suggests to go in for incorporating your business as a Limited Liability Partnership if you want full control and ease of operation but at a cost of more time consuming and costly Corporate Compliances.

Services Included

Price : Rs. 20000/-

LLP Name Approval from Ministry of Corporate Affairs
Procurement of Designated Partner Identification Number (DPIN) for 2 Directors
Procurement of Digital Signatures for Designated Partners
Formation of LLP Agreement
Procurement of Certificate of Incorporation for the LLP
PAN Procurement for LLP
GST Registration for LLP

Opening of Bank Account

Partnership Firm

Partnership is an association of two or more persons who have agreed to share the profits of a business which they run together. This business may be carried on by all or anyone of them acting for all. The profits/losses are shared or borne by the partners in the ratios agreed while drafting of the Partnership Deed.

Advantages of forming a Partnership Firm:
  1. More Hands
  2. Profit or Loss Sharing
  3. Contractual Relationship
  4. Principal Agent Relationship
  5. Full Control over Business
  6. Easy of Starting Business or ending it
  7. Minimal Costs of Compliances

MRBC suggests to go in for incorporating your Business as a Partnership Firm if you want control and capital contribution of more than 1 person and are ready to bear unlimited liability in case of losses. We urge small business owners to-opt in for incorporating a partnership firm due to the minimal costs of incorporation, compliances and dissolution, if need be.

Services Included

Price : Rs. 10000/-

PAN Procurement for all the Partners (if the person does not already hold PAN)
Drafting of Partnership Deed
Procurement of PAN for the Partnership Firm
GST Registration for LLP

Opening of Bank Account

Proprietorship Firm

Proprietorship is a popular type of unregistered business entity owned, managed, and controlled by one person. Most of the micro and small businesses operating in the unorganized sectors prefer registering a Proprietorship. Sole Proprietorship is simple to start and has very few regulatory compliance requirements for conducting the operation.

Advantages of forming a Proprietorship Firm:
  1. Easy to form and dissolve
  2. All activities performed solely in the name of Owner (ie. Proprietor)
  3. Complete Centralised Control with the Proprietor
  4. Cost-Effective Compliances
  5. Quick Opening of Bank Accounts
  6. Less Paperwork
  7. Maximum Privacy

MRBC suggests to go in for incorporating your Business as a Proprietorship Firm for entrepreneurs who are starting new business ventures on a small scale with few clients.

Services Included

Price : Rs. 5000/-

PAN Procurement for the Proprietor (if the person does not already hold PAN)
GST Registration for Proprietorship Firm
Opening of Bank Account