Start a Business

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Tomorrow,

Together.

Let Start a Business

Are you planning to start a business? But not able to identify from where to start, Onfiling will help you to plan and execute business idea. Before starting let’s conduct a SWOT analysis of business idea, to know its strength & weakness. Starting a business is always a big task and one may find it difficult to know that where he should go, what steps he should take before and after starting the business. And what kind of business is suitable according to a requirement. Onfiling is here to solve your problem related to the selection and setup for your kind of business.

Hence first step is to decide about the category of business on the basis of citizenship and nature of business. To check the comparison chart for types of business best suitable as per your requirements, click on the button below "Let's Compare."

Have you done any planning to start a business yet?

Connect with Onfiling and Setup your Business by staying compliant with all legal rules and regulations. Business incorporation is the legal process for formation of your company and sometimes by ignoring the special compliance requirements we end up with complicated and incomplete filing procedures. Therefore to solve your issues pertaining to business setup, the Onfling team of professionals is there with you at every stage of the process. Below mentioned are the details for Business setup. Let’s go through and choose the best suitable option for your business.

Business Setup

Your Outsourcing Partner at each stage

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BASIS	LLP	Pvt. Ltd. Co.	One Person Company	Partnership Firm	Sole Proprietorship
Suitable for	Firms such as accountancy, legal and architecture	Suitable for additional funding and expansion for business	Sole owner who wants to run corporate business	Traditional business	Individual person with minimum risk factor
Liability	Limited	Limited	Limited	Unlimited liability	Unlimited liability
Continuity of business	Yes	Yes	Yes	No	No
Tax benefits	Most efficient	High benefits	High benefits	Minimal	Minimal
Cost of Registration	Lower rate of Govt. fees	Cost is higher than LLP	Comparatively less	Comparatively less	Comparatively less
Ownership Status	Corporate Entity	Corporate Entity	Single Person Corporate Entity	Partner Based	Individual Base
Compliance	Less compliances	Requires more compliance	Minimal	Minimal	Minimal
Foreign Ownership	Allowed with approval of RBI & FIPB	Allowed under Automatic Approval route	Not allowed	No FDI is allowed	Not allowed
Number of Directors	2- unlimited	2-15	1-15	Not applicable	Not applicable
Number of Members	2- unlimited	2-200	1	2-20	1
Transfer for Ownership	Transferable with all partners	Easily Transferable	Easily transferable	Not possible	Not applicable

Compliances & Registrations

Your Outsourcing Partner at each stage

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Why Choose Us?

As partner, we always grow with you

Confidential Data

We keep our client data protected and confidential by using the latest cloud-based technology for creating a backup & to protect from unwanted elements.

Expertise Service

Onfiling is a team of professionals including CA, CS, Lawyers, and HR managers who have expertise of more than 15+ years in their respective fields.

Cloud based HRMs

We provide the latest technology through cloud based HRM for better support services and customer experience with higher productivity & low cost.

Customized Solution

We offer customized package services which helps a client to choose and fulfill their company requirement in this dynamic environment.

FAQs

You Ask, We Answer

Is it necessary to file a GST return every month?

Yes, it is necessary for all GST registered taxpayers to file GST returns on the 11th, 13th (for quarterly returns) and 20th of each month.

Who can apply for the MSME Registration?

For MSME Registration any entrepreneur or company having a valid Aadhaar Number can apply Online.

Is it necessary that the proprietor has to be an Indian to start a Proprietorship firm?

Yes, only an Indian Citizen can start proprietorship business. Similarly, no foreign funding is allowed during a proprietorship sort of business. However, an NRI or a Person of Indian Origin (POI) can invest in proprietorship with prior approval from the central government of India.

I am not a citizen of India, may I become a partner in an Indian firm?

The Partnership Act does not prohibit a non-citizen from joining an Indian partnership firm, subject to necessary clearances and permissions from satisfactory authorities in this regard.

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