Business Set Up – Mindspore Corporate Services Pvt. Ltd.

Services Business Set Up in India

Helping your business Build stronger Foundation. We help in shaping your business ideas into reality through our Concept to Commissioning Solutions.

Company structures The basic difference between the 4 structures

There are 4 types of business structures that we recommend for business set up. Its very important to select a right kind of structure to fulfil all your objectives. The 4 types of structures are:
• Private Limited Company • Limited Liability Partnership • One Person Company • Proprietorship

Private Limited Company

If you want to raise funds, this is the only option
This is the most credible structure
Can raise investment and is preferred by investors
Can issue ESOPs
Can issue equity and preference shares
Lower income tax

Limited Liability Partnership

If you do not want to raise funds then this is a good option
Better than a normal partnership firm
Less compliances
Completely online

One Person Company

If you want to form a private limited and you do not have any partners
Generally, not recommended if not planning to raise funds

Proprietorship

This is a simplest & quickest form of business Structure
You should go for this if you do not want to add partners or raise investments

industries we serve Our team would make sure that your company is 100 % legally compliant.

List of registration required post incorporation of company.

Type of Registration	When
PAN	Mandatorily
TAN	When you are required to deduct TDS
GST	When you cross turnover of Rs. 40 lacs, in of goods & Rs. 20 Lacs, in case of Services
PF / PT / ESIC	Depending upon no. of employees, salary, location of business
MSME Udyog Addhar	Optional
Shop Act License	Mandatorily
Import Export Code	In case of international transactions

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