Registration & Incorporation
What is Registration & Incorporation
Registration refers to the process of officially registering a company with the relevant government agency. In most countries, this involves filing articles of incorporation and other required documentation with the state or national government. The registration process is typically necessary for companies that want to operate legally, pay taxes, and access certain benefits, such as protection under the law.
Incorporation, on the other hand, is the process of forming a corporation. A corporation is a legal entity that is separate and distinct from its owners, and is treated as a person under the law. Incorporation allows a company to issue stock and sell ownership shares, raise capital, and limit the liability of its owners.
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Proprietorship
A proprietorship is a type of business structure in which an individual, also known as the proprietor, is the sole owner and operator of the business.
Partnership
A partnership is a type of business structure in which two or more individuals, known as partners, own and operate a company together. In a partnership, each partner contributes money, property, labor, or skill to the business and shares in the profits and losses.
LLP
LLP stands for Limited Liability Partnership, which is a type of business structure that combines the features of a partnership and a limited liability company (LLC).
Private LTD.
Private Limited Company (Pvt Ltd) is a type of business structure in India and many other countries, where the liability of the company’s shareholders is limited to their capital contributions.
OPC
An One Person Company (OPC) is a type of business entity in India that is registered as a private limited company, but is owned and managed by a single person.
Limited Company
A limited company is a type of business structure that is separate from its owners in terms of liability and finances.
Sec 8
Section 8 of the Indian Companies Act, 2013, which deals with the provisions related to the “Corporate Social Responsibility” (CSR) of companies in India.
Producer
A producer in a company is an individual or a team that is responsible for the creation of goods or services.
Nidhi
Nidhi is a term commonly used in India to refer to a type of non-banking finance company that provides savings and credit services to its members.
NBFC
NBFC stands for Non-Banking Financial Company. It is a financial institution that provides banking services, but does not have a full banking license.
Trust
A trust is a legal arrangement in which one or more individuals (the trustees) hold and manage property or assets for the benefit of one or more beneficiaries.
Society
A society is a non-profit organization that is formed for a common purpose, such as promoting a particular cause, advancing a particular industry, or serving the interests of a particular community.
Foreign Company
A foreign company is a company that is incorporated in a foreign country and operates outside of its country of origin.
Micro Finance Co
Microfinance is a type of financial service that provides small loans and other financial products to individuals or small businesses who do not have access to traditional banking services.
Banking Co
A banking company is a type of financial institution that offers a wide range of financial services, including deposit accounts, loans, and other financial products.
Insurance co
An insurance company is a financial institution that offers various types of insurance coverage to individuals and businesses.