Question 1

Which business structure should I choose — Proprietorship, LLP, or Pvt Ltd?

Accepted Answer

Proprietorship suits solo entrepreneurs starting small (low compliance, unlimited liability). LLP is ideal for service-based businesses with 2+ partners (limited liability, moderate compliance). Pvt Ltd is best when you plan to raise external funding, hire employees, or scale (limited liability, higher compliance). Use our Compliance Roadmap to find the right fit in 60 seconds.

Question 2

Is MSME / Udyam registration mandatory?

Accepted Answer

Udyam registration is not legally mandatory, but it is strongly recommended for every small business. It is free, takes 5 minutes online, and unlocks priority sector lending, government tender preference, MSME Samadhaan protection against delayed payments, and access to subsidies under various schemes.

Question 3

How long does company incorporation take?

Accepted Answer

Private Limited Company incorporation through MCA's SPICe+ form typically takes 7–10 working days. LLP incorporation takes 10–15 days. Proprietorship needs no formal incorporation — you just register for GST, MSME, or Shop & Establishment as applicable.

Question 4

What is Startup India recognition and who qualifies?

Accepted Answer

Startup India recognition is granted by DPIIT to entities incorporated as Pvt Ltd, LLP, or Partnership within the last 10 years with annual turnover under ₹100 crore. Benefits include 3-year income tax exemption under Section 80-IAC, self-certification on labour and environmental laws, and fast-track patent filing with up to 80% rebate on fees.

Question 5

What documents are needed for company incorporation?

Accepted Answer

PAN and Aadhaar of all directors/partners, passport-size photos, proof of registered office address (utility bill + NOC from owner), bank account proof, Memorandum and Articles of Association (drafted), and Digital Signature Certificate (DSC) for each proposed director.

Question 6

Do I need GST registration immediately after incorporating my company?

Accepted Answer

GST registration becomes mandatory once turnover crosses ₹40 lakh (₹20 lakh for services). However, Pvt Ltd and LLP companies, inter-state suppliers, and e-commerce sellers must register from Day 1 regardless of turnover. We bundle GST + ROC filing as part of our incorporation package.

Question 7

What ongoing compliance does a Pvt Ltd company face?

Accepted Answer

Annual ROC filings (Form AOC-4 and MGT-7) by 30th September and 30th October respectively, board meetings (4 per year, at least one per quarter), AGM (within 6 months of year-end), statutory audit, ITR filing, and TDS/GST monthly returns. Late ROC filing attracts ₹100/day with no cap and strike-off risk after 2 years.

Business Registration in Coimbatore | MSME & Startup Support

Proprietorship, MSME, and Company Registration

Sole Proprietorship

Partnership Firm

Private Limited Company

Startup India Registration

Benefits of MSME (Udyam) Registration

MSME Classification

Documents Required for Business Registration

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