Taxation Buddies Taxation BuddiesLaying the legal and structural foundation for your entrepreneurial journey.
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Understand your business structure and recommend the best entity type.
Collect ID proofs, address proofs, and draft MOA/AOA.
Submit applications to MCA / ROC with all documents.
Receive Certificate of Incorporation, PAN, TAN, and GST.
Open bank account, obtain statutory registrations.
A Private Limited Company has a more formal structure with board of directors, annual compliance requirements, and ability to raise equity funding. An LLP offers limited liability with lower compliance burden and is suitable for professional services firms. Both provide liability protection.
With all documents ready, Pvt Ltd registration takes 7-15 working days. LLP takes 10-15 days. Proprietorship can be set up in 3-5 days. MSME/Udyam registration is instant online.
You'll need PAN and Aadhaar of directors, address proof of directors, passport-size photos, registered office address proof (electricity bill + NOC/rent agreement), and Digital Signature Certificate (DSC) of directors.
Startup India (DPIIT recognition) provides benefits like tax exemption for 3 consecutive years, self-certification under labour laws, fast-track patent applications, easier public procurement, and access to Fund of Funds. Eligible for entities less than 10 years old with turnover under ₹100 crore.
MSME registration provides access to priority sector lending, lower interest rates, government tender preferences, subsidy schemes (CLCSS, Credit Guarantee), protection against delayed payments, and various state government incentives.