A Partnership Firm is a popular form of business constitution for businesses that are owned, managed and controlled by an Association of People for profit. Partnership firms are relatively easy to start are is prevalent amongst small and medium sized businesses in the unorganized sectors. With the introduction of Limited Liability Partnerships in India, Partnership Firms are fast losing their prevalence due to the added advantages offered by a Limited Liability Partnership.
There are two types of Partnership firms, registered and un-registered Partnership firm. It is not compulsory to register a Partnership firm; however, it is advisable to register a Partnership firm due to the added advantages. Partnership firms are created by drafting a Partnership deed amongst the Partners.

Documents needed for partnership Registration :

Partnership deed

Photo of each partner ( Each photo file size up to 40 KB JPG )

Photo Id Proof of each partner ( PDF Format up to 2 MB )

Scanned Signature of each partner ( JPG up to 30 KB )

PAN card Copy of each partner

Details need for partnership deed:

Proposed name of the partnership

For each partner the following details

1. Name
2. Father's name
3. Date of birth
4. House name
5. Place
6. Post office
7. Pincode

Email Id of each partner

Mobile number of each partner

A paragraph on the business of the partnership

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in an OPC, while a minimum of two members is required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.
Though a One Person Company allows a lone Entrepreneur to operate a corporate entity with limited liability protection, an OPC does have a few limitations. For instance, every One Person Company ( OPC ) must nominate a nominee Director in the MOA and AOA of the company - who will become the owner of the OPC in case the sole Director is disabled. Also, a One Person Company must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like all types of Companies. Therefore, it is important for the Entrepreneur to carefully consider the features of a One Person Company prior to incorporation.

Documents Required :

For Director :

Copy of PAN Card

Copy of Aadhar Card

Identity proof : ( Any one of the following proof )

1. Passport
2. Driving Licence
3. Voters ID

Address Proof : ( Any one of the following proof )

1. Bank Statement
2. Mobile bill
3. Telephone bill

Passport Size Photo

Email Id and Phone Number

Period of stay at the current address

Occupation and educational qualification of Directors

For Registered Office :

Rental Agreement

Utility Bill ( any one of the following bills )

1. Gas bill
2. Electricity bill
3. Mobile bill
4. Telephone bill

NOC ( Format will be provided from here )

Tax Receipt

Details required :

Name of the Director of the Company

Name of the shareholder of the Company and the shareholding pattern

Capital of the Company

Limited Liability Partnership ( LLP ) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership ( LLP ) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. Since, its introduction in 2010, LLPs have been well received.
LLP is one of the easiest forms of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLP is preferred by Professionals, Micro and Small businesses that are family owned or closely-held. Since LLPs are not capable of issuing equity shares, LLP should not be used for any business that has plans for raising equity funds during its lifecycle.

Documents needed for LLP registration :

PAN card copy of all the partners

Identity proof of all the partners ( Voters id / Passport / Driving License )

Address proof of all the partners ( Bank Statement / Mobile Bill / Telephone Bill )

Photograph of all the partners

Phone Number and email id of all the partners and for LLP

Tax Receipt, Utility bill ( not older than two months ) and Rent Agreement ( if any ) of the registered office address of LLP

Utility Services Bill includes any of the following :

1. Gas bill
2. Electricity bill
3. Mobile bill
4. Telephone bill

Other Details :

Capital contribution and profit sharing of partners

Name and activities of the LLP

Names of the Designated Partner of the LLP

Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.
Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.

For Directors :

Copy of PAN Card

Copy of Aadhar Card

Identity proof: ( Any one of the following proof )

1. Passport
2. Driving Licence
3. Voters ID

Address Proof ( Any one of the following proof )

1. Bank Statement
2. Mobile bill
3. Telephone bill

Passport Size Photo

Email id and Phone Number

Period of stay at the current address

Occupation and educational qualification of Directors

For Registered Office :

Rental Agreement

Utility Bill ( any one of the following bills )

1. Gas bill
2. Electricity bill
3. Mobile bill
4. Telephone bill

NOC ( Format will be provided from here )

Tax Receipt

Details required :

Names of the Directors of the Company

Names of the shareholders of the Company and the shareholding pattern

Capital of the Company

A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors; this is beneficial in raising capital. A minimum of three Directors are required for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company.
Public Limited Companies are those types of companies where a minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of a private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.