http://WWW.REGISTERURCOMPANY.COM
FIRSTMAN 56e69bc69ec668122c114a7e False 334 7
OK
background image not found
Found Update results for
'initial funds'
8
What Is a Sole Proprietorship A sole proprietorship is a simple type of business structure that is owned and operated by the same person. It does not involve many of the complex filing requirements associated with other types of business. Sole proprietorship allow persons to report business income and expenses on their individual tax returns. Sole proprietorships are attractive to small investors because they are relatively easy to start up. Also, the owner is entitled to all the profit. On the other hand, sole proprietorships can be risky because there is no separation between the owner and the business. In other words, the owner remains personally liable for any losses or debts that the sole proprietorship incurs. They can also be held legally responsible for violations committed by the business or its employees. Advantages Ease of Formation Starting a sole proprietorship is much less complicated and also much cheaper. Tax benefits The owner of a sole proprietorship is not required to file a separate business tax report. Employment Sole proprietorship can hire employees. Decision making Control over all business decisions remains in the hands of the owner. Disadvantages Liability The business owner will be held directly responsible for any losses, debts, or violations coming from the business. Taxes While there are many tax benefits to sole proprietorship, a main drawback is that the owner must pay self-employment taxes. Also, some tax benefits may not be deductible, such as health insurance premiums for employees. Business Continuity The business does not continue if the owner becomes deceased or incapacitated, since they are treated as one and the same. Upon the owner’s death, the business is liquidated and becomes part of the owner’s personal estate, to be distributed to beneficiaries. This can result in heavy tax consequences on beneficiaries due to inheritance taxes and estate taxes. Raising capital Since the initial funds are usually provided by the owner, it can be difficult to generate capital. Start your proprietorship Firm with firstmancorp.com because we serve you beyond your satisfaction. Siva Subramanian C FirstMan Corporate Services LLP Chennai - India +91 97878 97000
Benefits and Advantages of Proprietorship Firm for Startups What Is a Sole Proprietorship? A sole proprietorship is a simple type of business structure that is owned and operated by the same person. It does not involve many of the complex filing requirements associated with other types of business. Sole proprietorship allow persons to report business income and expenses on their individual tax returns. Sole proprietorships are attractive to small investors because they are relatively easy to start up. Also, the owner is entitled to all the profit. On the other hand, sole proprietorships can be risky because there is no separation between the owner and the business. In other words, the owner remains personally liable for any losses or debts that the sole proprietorship incurs. They can also be held legally responsible for violations committed by the business or its employees. Advantages Ease of Formation: Starting a sole proprietorship is much less complicated and also much cheaper. Tax benefits: The owner of a sole proprietorship is not required to file a separate business tax report. Employment: Sole proprietorship can hire employees. Decision making: Control over all business decisions remains in the hands of the owner. Disadvantages Liability: The business owner will be held directly responsible for any losses, debts, or violations coming from the business. Taxes: While there are many tax benefits to sole proprietorship, a main drawback is that the owner must pay self-employment taxes. Also, some tax benefits may not be deductible, such as health insurance premiums for employees. Business Continuity: The business does not continue if the owner becomes deceased or incapacitated, since they are treated as one and the same. Upon the owner’s death, the business is liquidated and becomes part of the owner’s personal estate, to be distributed to beneficiaries. This can result in heavy tax consequences on beneficiaries due to inheritance taxes and estate taxes. Raising capital: Since the initial funds are usually provided by the owner, it can be difficult to generate capital. Start your proprietorship Firm with firstmancorp.com because we serve you beyond your satisfaction. Siva Subramanian C FirstMan Corporate Services LLP Chennai - India +91 97878 97000
Copyright Registration In Chennai Copyright is a right given by the law to creators of literary, dramatic, musical and artistic works and producers of cinematography films and sound recordings. In fact, it is a bundle of rights including, inter alia, rights of reproduction, communication to the public, adaptation and translation of the work. There could be slight variations in the composition of the rights depending on the work. BENEFITS OF COPYRIGHT Copyright ensures certain minimum safeguards of the rights of authors over their creations, thereby protecting and rewarding creativity. Copyright ensures certain minimum safeguards of the rights of authors over their creations, thereby protecting and rewarding creativity. The protection provided by copyright to the efforts of writers, artists, designers, dramatists, musicians, architects and producers of sound recordings, cinematography films and computer software, creates an atmosphere conducive to creativity, which induces them to create more and motivates others to create. REGISTRATION PROCESS Initial level discussion between the Entrepreneur and FirstMan team. Ascertaining documents required and availability. Preparation and signing of documents. Seek existence of the copyright material given by the client. Once search successful, sending the power of attorney document and signing documents to client. Once the Power of attorney document and signing document have been received from the client, proceed with the filing of applications. Sending filed application to client.
Design Right Registration In Chennai A Design refer to creative activity which result in the ornamental or formal appearance of a product and design right refers to a novel or original design that is accorded to the proprietor of a validly registered design. Industrial designs are an element of intellectual property. The essential purpose of design law it to promote and protect the design element of industrial production. It is also intended to promote innovative activity in the field of industries. The existing legislation on industrial designs in India is contained in the New Designs Act, 2000 and this Act will serve its purpose well in the rapid changes in technology and international developments. BENEFITS OF DESIGN RIGHT The registration of a design confers upon the registered proprietor the exclusive right to apply a design to the article in the class in which the design has been registered. A registered proprietor of the design is entitled to a better protection of his intellectual property who can sue for infringement, if his right is infringed by any person. Registered proprietor can license or sell his design as legal property for a consideration or royalty. STEPS TO REGISTER Initial level discussion between the Entrepreneur and FirstMan team. Ascertaining documents required and availability. Preparation and signing of documents. Find out the registration existence before proceed for registration. The availability is successful, sending the power of attorney document to the client. Received design documents from the client to be applied along with necessary forms. Intimate the acceptance and notification of the application to the client.
Trademark Registration In Chennai A trade mark is a sign that you can use to distinguish your business’ goods or services from those of other traders.A trade mark can be represented graphically in the form of your company’s logo or a signature.Through a registered trade mark, you can protect your brand (or “mark”) by restricting other people from using its name or logo.Once acquired, a trade mark can last indefinitely as long as you renew it every 10 years. Because a registered trade mark is a form of IP, you can license or assign it to others. REGISTRATION PROCESS Initial level discussion between the Entrepreneur and FirstMan team. Ascertaining documents required and availability. Preparation and signing of documents. Search for the brand name under classification of goods and services given by the client. Once TM search successful, sending the power of attorney document to the client. Search fails, request the client for alternate names. Once the Power of attorney document has been received from the client, proceed with the filing of applications. Sending filed application to client.
Private Limited Company Registration In Chennai A Company limited by is called as Private Limited Company. These kinds of companies are suitable for closely held businesses usually by family, friends and relatives. With minimum 2 persons private limited company can be formed. Private limited company's disclosures are lighter. A shareholder's personal assets are protected in case of company's insolvency. MINIMUM REQUIREMENT Minimum 2 Director. Minimum 2 Shareholders. The Director and Shareholders can be same. Minimum share capital should be Rs 1, 00, 000 /- [INR One Lac]. DSC [DIGITAL SIGNATURE CERTIFICATE]. DIN [DIRECTOR IDENTIFICATION NUMBER] Require Documents Address & ID proof of all Directors, Mandatory – PAN Card ID Proof – Voters Identity Card / Driving License / Passport / Aadhar Card Address Proof – Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill Address Proof of registered office – Address proof of proposed registered office for registration of company. REGISTRATION PROCESS Initial level discussion between the Promoters and FirstMan team. Ascertaining documents required and availability. Preparation and signing of documents. Getting DSC [DIGITAL SIGNATURE CERTIFICATE] for all Directors. Getting DIN [DIRECTOR IDENTIFICATION NUMBER] for all Directors. Name availability and draft Object Clause. Online search of availability of names as desired by the directors. Prepare the draft Object Clause. Get approval from client for company name and objective. Application for Name Availability i.e. Filing INC1 with the concern ROC. Getting Objective Confirmation and Preparing MOA and AOA. Incorporation of a company. After ROC’s approval of name of the company, filing all the incorporation documents with the ROC. Online uploading of e-forms and payment of registration fees. Receiving Company Incorporation Certificate from the ROC. Commencement of Business. Upon bringing capital into company, provide proof of subscribed capital paid by the company. Online uploading of e-form. Receiving Commencement Certificate from ROC.
Private Limited Company is “Limited by Shares” i.e. there are shareholders associated with the company and the theoretical value of the shares & any paid in return for the issue of shares by the corporation is limited to the capital which is initially invested. ADVANTAGES OF PRIVATE LIMITED COMPANY Private limited company is the most popular corporate entity amongst small, medium and large businesses in India due to various advantages. • Ideal for Startups & Growing Business • Easy to Get Funding, Raise Venture Capital Fund, Additional capital can easily be raised by selling shares • Member's liability is restricted to the amount of shares they own. They have limited liability • Members are well known to each other; however control is in the hands of owners of capital. • In the management of affairs and conduct of business is greater flexibility. • The number of directors in a private limited company is at least two. • Private limited company is that its limited liability, due to which every members enjoy this facility. It has the advantage of a public company and a partnership firm. • A private company after receiving certificate of incorporation start business immediately. • The company can continue to trade even if one of its member’s dies • Shares can be bought and sold with director's approval • The private company has a separate legal existence from that of its owners. It can own property and sue and be sued • This type of organisation has a much higher business status than a sole trader DISADVANTAGES OF PRIVATE LIMITED COMPANY One of the disadvantages of private limited company is that it restricts transferability of shares by its articles. • In a private limited company the number of members in any case cannot exceed200. • Another disadvantage of private limited company is that it cannot issue prospectus to general public. • In stock exchange shares cannot be quoted. Audited annual returns and accounts have to be made to the Registrar of Companies. All these documents are available for public inspection • A private limited company id more expensive and time consuming to set up than a sole trader or partnership • Professional help will be needed to set up a private limited company • There is separation of ownership and control which means that the owners no longer make all the decisions Start your Private Limited with firstmancorp.com because we serve you beyond your satisfaction. Siva Subramanian C FirstMan Corporate Services LLP Chennai - India +91 97878 97000
Money GST When applied GST .We get Flexibility & Easy Expansion for better growth, Separate Legal Entity Infinite Existence, Gain Confident in Brand Promotions & Branding. in First man Techno Enterprises we do first class customer service oriented consultant , While applying GST via First man we completely take care following factors with very low price Initial level discussion between the Promoters and First Man Team. Ascertaining documents required and availability, Preparation and signing of documents.Getting DSC [DIGITAL SIGNATURE CERTIFICATE] for all Directors.Getting DIN [DIRECTOR IDENTIFICATION NUMBER] for all Directors.Preparing MOA and AOA.SPICe(INC-32) Filing i.e Incorporation of the company.Company PAN & TAN.
1
false