Starting a business in Delhi begins with choosing the right business structure based on your business requirements. The main types of entities you can choose from are as below:
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Private Limited Company – It is an Ideal structure for startups that needs 2 directors/shareholders. Key features include limited liability and separate legal status.
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LLP (Limited Liability Partnership) – This structure is suitable for professionals as it provides limited liability with fewer compliances.
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One Person Company (OPC) – This business structure is best for solo founders seeking limited liability.
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Partnership Firm – It’s easy to form with two or more partners and is governed by a partnership deed.
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Sole Proprietorship – As the name implies for small businesses; minimal compliance but no legal separation from the owner.
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Section 8 Company – It is ideal for Non-profits and NGOs; eligible for tax exemptions.
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Public Limited Company –This business framework is suitable for large-scale businesses seeking public funding.
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US Company – This is suitable for NRIs or businesses targeting global operations.
Common Documents: The common documents required for business registration are;
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PAN
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Aadhaar
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Passport photo
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office address proof
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NOC from Owner
The Govt. Fees for business registration range from ₹1,000 to ₹25,000+, depending on the entity type and capital. Moreover, you also need to pay professional fees and a few other fees depending upon the state in which you are registering your business.
The registration process involves Name reservation, filing the SPICe+ form, and obtaining PAN, TAN, and GST (if needed). It is advisable to consult experts like Setindaibiz to navigate the complexities of the business registration process and preparation of documents.