Starting a new business is an exciting journey. One of the first steps in this process is registering your company. This ensures your business is legally recognized. Deeksha Khurana, a renowned tax consultant with Taxlegit, provides expert guidance on company registration. Whether you're looking at section 8 company registration, sole proprietorship registration, or registration under GST, here's a step-by-step guide to help you navigate the process.

Step 1: Choose Your Business Structure

Before you register your company, decide on the business structure. Common options include:

• Sole Proprietorship: Ideal for small, individual-run businesses.
• Partnership: Suitable for businesses run by two or more people.
• Section 8 Company: For non-profit organizations aiming to promote arts, commerce, science, sports, or social welfare.

Step 2: Registering a Sole Proprietorship

Sole proprietorship registration is the simplest and quickest form of business registration. Here's how to do it:

1. Choose a Business Name: Pick a unique name for your business.
2. Register with Local Authorities: Get a local municipal license.
3. Obtain a PAN Card: Apply for a PAN card in the name of the proprietor.
4. Open a Bank Account: Open a current account in the name of your business.
5. Register under GST: If your turnover exceeds the threshold, apply for registration under GST.

Step 3: Registering a Section 8 Company

Section 8 company registration is for those aiming to start a non-profit organization. Here are the steps involved:

1. Obtain Digital Signature Certificates (DSC): For directors.
2. Apply for Director Identification Number (DIN): For directors.
3. Name Approval: Apply for name approval with the Registrar of Companies (RoC).
4. Draft MOA and AOA: Memorandum of Association (MOA) and Articles of Association (AOA) must be prepared.
5. File for Incorporation: Submit incorporation forms with RoC.
6. Obtain Certificate of Incorporation: After verification, receive the certificate.

Step 4: Registering Under GST

Registration under GST is mandatory for businesses exceeding a certain turnover. The process is straightforward:

1. Visit the GST Portal: Go to the GST registration portal.
2. Fill in the Application Form: Provide details of the business, such as name, address, and PAN.
3. Submit Documents: Upload required documents like PAN card, proof of address, and bank account details.
4. Verification: Your application will be verified.
5. Receive GSTIN: Get your unique Goods and Services Tax Identification Number (GSTIN).

Benefits of Registering Your Company

• Legal Recognition: Your business gains legal status.
• Tax Benefits: Avail various tax benefits and exemptions.
• Limited Liability: Protect personal assets from business liabilities.
• Fundraising: Easier to attract investors and secure loans.

How Deeksha Khurana Can Help

Deeksha Khurana, with Taxlegit, specializes in guiding businesses through the registration process. Her expertise in section 8 company registration, sole proprietorship registration, and registration under GST ensures a smooth, hassle-free experience.

Registering a company may seem daunting, but with the right guidance, it becomes manageable. Follow these steps, and you'll be well on your way to establishing a legally recognized business. For personalized assistance, reach out to Deeksha Khurana at Taxlegit.

Embark on your entrepreneurial journey with confidence, knowing you have expert support at every step.