How to choose a business structure while applying for company registration in India

1. How to choose a business structure while applying for company registration in India?

2. Founders often find it difficult to choose the right business structure out of the many available. Each such structure has its own distinctive set of characteristics. Therefore, the best option is to speak to your legal consultant or consult business professional services. There are the factors based on which you can choose the best business structure • Consider Growth Plan • Understand your investment requirements • Take Risk Assessment • Consider Taxation Involved • Consider the Maintenance Cost • Determine Control over business Introduction

3. Your business will have a growth plan in place relying on how you plan to scale it. • Those who want to simply work on their own can go with sole proprietorship but if want to add someone as a partner in the future can go forward with general partnership now itself than registering a sole proprietorship firm. Consider Growth Plan

4. There are many funding choices available to the founders where internal funding and bank borrowings are the most common ones. You need to know the fact that lending agencies and banks prefer structured entities like LLP and Private Limited Company to give funding. • Whereas in other structures, owners can add partners to get in more capital to manage the fund flow to a certain extent from such internal sources. Understand your investment requirements

5. Taxation takes the center stage once the business starts giving rise to revenue. Any income that a business generates is taxed and the business structure specifies the amount of taxability. Minimizing the tax amount will put behind a larger chunk of revenue when planned well. Consider Taxation Involved

6. The larger the number of people involved, the lesser you will be in control. To put up the business structure to it, a sole proprietorship will have the most management over the business whereas the ownership is divided into other business structures. • There are times when you get confused with deciding the right business structure in India especially if the structure is not permanent. DBPL can assist you with all the information regarding how your business should register and as what structure. DBPL helps setting up business in India by foreign companies, opening business in India, and with the company registration process in India. Determine Control over business

7. Contact Us Web:https://dbpl.asia/ Email:info@dbpl.asia Phone:+91 9811431604 Phone :+91 9810631559 Address :B-142, B Block, Near at Gardenia Glory, Sector 46, Noida, Uttar Pradesh 201303