services

legal contract drafting

Legal contract drafting is a crucial step to binding two parties legally such that business and professional relationships are safeguarded based on mutually agreed upon terms and conditions. When a legal contract is drafted by professionals, it helps both the parties involved in understanding the terms of the agreement and fulfill their duties in compliance with the contract. Contract drafting outsourcing is a preferred option because it helps firms and individuals ensure that the contract draft covers all the points, is drafted professionally and in the right format, and has all the elements that are essential for the contract to be valid. FOLLOWING ARE THE CONTRACTS WE OFFER TO OUR CLIENTS ARE-

  • MEMORANDAM OF ASSOCIATION
  • ARTICLE OF ASSOCIATION
  • SHAREHOLDERS AGREEMENT
  • CO- FOUNDERS AGREEMENT
  • WEBSITE TERMS AND CONDITION
  • WEBSITE PRIVACY POLICY
  • CONFIDENTIALITY AGREEMENT
  • MANUFACTURING AGREEMENT
  • lease agreement
  • SUPPLY AGREEMENT
  • CONSULTANCY SERVICES AGREEMENT
  • BUSINESS TRANSFER AGREEMENT
  • ASSET PURCHASE AGREEMENT
  • OPTION AGREEMENT
  • SINGLE BANK LOAN AGREEMENT
  • MORTGAGE AGREEMENT
  • TECHNOLOGY TRANSFER AGREEMENT
  • FRANCHISE AGREEMENT
  • IP ASSIGNMENT AGREEMENT
  • ELECTRONIC PUBLISHING AGREEMENT
  • MUSIC LICENSE AGREEMENT
  • RESEARCH AND DEVELOPMENT AGREEMENT
  • SOFTWARE LICENSE AGREEMENT
  • POWER OF ATTORNEY AND MANY MORE……

business registration

Proprietorship

A sole proprietorship is a type of unregistered business entity that is owned, managed and controlled by one person. Sole proprietorship is the most common type of business in India and it is used by most micro and small businesses operating in the unorganised sectors.
Proprietorships are simple to start and have minimal regulatory compliance requirements for operating. This entity is ideal for entrepreneurs who are getting into business for the first time and for small businesses with few clients.
 

Partnership Firm Registration

A Partnership firm is a business entity created by persons who have agreed to share profits or loss of the business. Partnerships are a very good choice of business entity for small enterprises wherein two or more persons decides to contribute to a business and share the profits or losses. In India, Partnerships are widely prevalent because of its ease of formation and minimal regulatory compliance. Also, the concept of LLP was introduced only in 2010, whereas the Partnership Act, 1932 has been in existence before the independence of India. Hence, partnership firms are the most prevalent type of business entity wherein a group of people are involved.

One person company registration

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in an OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Private Limited Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

Limited Liability Partnership (LLP) Registration

Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. Since, its introduction in 2010, LLPs have been well received with over one lakhs registrations in India.
LLP is one of the easiest types of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Micro and Small businesses that are family-owned or closely-held. Since LLPs are not capable of issuing equity shares, LLP should NOT be chosen for any business that has plans for raising equity funds from Angel Investors, Venture Capitalist or Private Equity Funds.

Private Limited Company

Private Limited Company is the most popular type of business entity in India. Over 20 lakhs companies have been registered in India as of October 2020 and 12 lakhs companies are classified as active. All companies registered in India are governed by the MCA (Ministry of Corporate Affairs) under the Companies Act, 2013. 
Entrepreneurs register a company in India to create a business that is well regarded by customers, suppliers, bankers and the Government. By setting up a company, an Entrepreneur has the ability to create a small or large business that can easily raise capital and scale seamlessly to any size.

Udyog Aadhaar Registration

Udyog Aadhaar or MSME registration is a certificate provided to micro, small, medium-sized businesses in India under the Micro, Small and Medium Enterprise Development Act, 2006 (MSMED). Udyog Aadhaar used to be referred to as MSME registration earlier. Now, the process for obtaining MSME registration has been merged with Udyog Aadhaar registration and made online by the Government. The main objectives of the MSME department with respect to providing Udyog Aadhaar registration are as follows:
  • To enable the micro, small and medium enterprises to compete with international competition efficiently;
  • To promote the growth of micro, small and medium enterprises on a large scale to effectively tackle the widespread problems of unemployment and poverty;
  • To extend the benefits of various government scheme at one stop to the SSI units;
  • To safeguard SSI from financial harassment in the hands of big industries.

tax services

GST Registration

GST is the product of the biggest tax reform in India which has tremendously improved ease of doing business and increasing the taxpayer base in India by including millions of small businesses. Tax complexities would be reduced due to the abolishing and subsuming of multiple taxes into a single, simple system.
The new GST regime mandates that all entities involved in buying or selling goods or providing services or both are required to register and obtain GSTIN. Registration is mandatory once the entity crosses a minimum threshold turnover or when an individual starts a new business that is expected to cross the prescribed turnover.

GST Return Filing

Goods and Services Tax (GST) is applicable in India from 1st July 2017. Under the new GST regime, nearly 1.4 crore businesses in India have obtained GST registration. All entities having GST registration are required to file GST returns every month. GST return filing is mandatory for all entities having GST registration, irrespective of business activity or sales or profitability during the return filing period. Hence, even a dormant business that obtained GST registration must file GST return.

income tax return

Income Tax Return (ITR) is a form which a person is supposed to submit to the Income Tax Department of India. It contains information about the person’s income and the taxes to be paid on it during the year. Information filed in ITR should pertain to a particular financial year, i.e. starting on 1st April and ending on 31st March of the next year.
Income can be of various forms such as :
  • Income from salary
  • Profits and gains from business and profession
  • Income from house property
  • Income from capital gains
  • Income from other sources such as dividend, interest on deposits, royalty income, winning on lottery, etc.
The Income Tax Department has prescribed 7 types of ITR forms – ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 and applicability of the form will depend on the nature and amount of income and the type of taxpayer.
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