You can realize your dream of starting your own business enterprise. There are numerous legal options available to you to formally register your business enterprise.

You can adopt one of the following routes to officially register your business venture:

Sole proprietorship business:

In this case, you are the sole proprietor/owner of the business and all the profits/losses of the business will belong entirely to you. The procedure is fairly simple and you need not depend on anyone else for day to day business operations.
This format is suitable for individuals with professional experience like engineers, doctors, architects etc or those who wish to start simple trading activities like running a provision store, video library etc.

Partnership Firms:

If you wish to venture into a business in partnership with your friends/relatives/business acquaintances, this form of business venture is ideal.
A partner could be either a working partner or a sleeping partner. Sleeping partner is one who has invested just his money and does not contribute to the daily running of the business.
For formalizing this type of business registration, it is necessary to draft and execute a Partnership deed, which could be either registered or un-registered. A partnership deed may be registered with the Registrar of Firms, to legally register the firm and the same would be useful for other statutory purposes like availing bank finance, taxation etc.
In partnership firms, the liability of the partners is unlimited, that is, apart from the money invested in business, the partners are also liable individually for any claims against the company.
There is also another form of partnership company, LLP (Limited Liable Partnership), where the liabilities of the partners are limited

LIMITED COMPANY:

For a business that is planned to be carried out in a more elaborate way and for more professionalism, a company is the ideal vehicle for registering the business.
A company could either be a Private Limited company or a Public Limited company.

For a Pvt.Ltd.Company, the minimum number of shareholders is 2 and maximum is 5.
For a Public Ltd. Company, the minimum number of shareholders is 7 and maximum is unlimited.

Operations of a company are strictly governed by various statutes of the Central Government and other authorities like SEBI, Company Law Board, and Ministry of Corporate Affairs etc.
Very often, it is also mandatory to avail the services of a qualified company secretary and a chartered accountant to comply with the various requirements of running a company.
There is also an elaborate procedure for the purpose of registration of a company, either Private or Public.

CONTACT US, today, for helping you with our professional advisory services to decide upon the right form of company formation and to help you complete all the requisite formalities, and make Money, With No Worry!