Services
Entity Selection & Incorporation
The entity you choose decides how you raise money, how you are taxed, how much compliance you carry and how easily you can bring in partners later. We compare the options against your plans, then handle the incorporation end to end.
Comparing the common structures
| Private limited company | LLP | One Person Company | Partnership firm | |
|---|---|---|---|---|
| Liability | Limited to shareholding | Limited to agreed contribution | Limited | Unlimited for partners |
| Equity fundraising | Best suited: shares, ESOPs, investor rights | Possible but less familiar to investors | Must convert before bringing in investors | Not suited |
| Compliance load | Highest: board meetings, annual ROC filings, statutory audit | Moderate: annual LLP filings; audit above thresholds | Lighter than a Pvt Ltd but still company law | Lowest |
| Bank and lender view | Preferred for larger project loans | Widely accepted | Accepted for small units | Accepted; personal guarantees central |
| DPIIT startup recognition | Eligible | Eligible | Check the current DPIIT definition | Eligible if registered |
There is no universally right answer. A capital-intensive manufacturing unit seeking a large term loan and a services startup seeking angel funding usually land on different structures.
Incorporation process for a private limited company
- 1
Digital signatures and name
Digital signature certificates for the proposed directors, and name reservation through the MCA SPICe+ form.
- 2
SPICe+ filing
Memorandum and articles of association, director identification, registered office proof and declarations, filed in one integrated form.
- 3
Linked registrations
PAN and TAN are issued with the certificate of incorporation; EPFO, ESIC and bank account opening are linked through the same process, and GST registration where needed.
- 4
Hand-over
Certificate of incorporation, constitutional documents and a first-year compliance calendar. See post-incorporation compliances.
For an LLP, the process runs through the MCA FiLLiP form, followed by filing the LLP agreement within 30 days of incorporation.
Sources
Prefer to talk it through?
Request a call, WhatsApp call or office meeting in Lucknow at a time that suits you. A Chartered Accountant will confirm the slot.