Steps in Incorporation of a Company

• Your Home State. For the majority of small businesses, incorporating or forming an LLC in your home state is usually the easiest and least expensive option.
• Delaware, Nevada or Wyoming (or a New Mexico LLC) Delaware.
• The New Mexico LLC: Privacy and Low-maintenance.

Delaware

Yes. It does matter. Generally, you should incorporate in the State where your office is physically located. If you incorporate in another state such as Delaware, Nevada or Wyoming, you may need to submit an application to qualify as a foreign corporation or LLC in the State where you are located.

1. Ascertaining Availability of Name.
2. Preparation of Memorandum of Association and Articles of Association.
3. Printing, Signing and Stamping, Vetting of Memorandum and Articles.
4. Power of Attorney.
5. Other Documents to be Filed with the Registrar of Companies.
6. Statutory Declaration in e-Form No.

1. Incorporation of company.
2. Process of Incorporation.
3. STEP – I: Apply for Name Approval:
4. A. Login on MCA Website.
5. B. Details required to be mentioned in online form:
6. C. Choose File:
7. D. Submission of Form on MCA Website:
8. E. Payment of Fees:

Steps to register Private Limited Company

1. Step 1: Acquire DSC for Directors and Subscriber:
2. Step 2: Obtain DIN for Directors.
3. Step 3: Name approval Application.
4. Step 4: Application for Certificate of Incorporation.
5. 2 Comments.

The registration fee for organization’s whose nominal share capital is limited to Rs. 10,00,000 – Rs 2,000. The registration fee for organization’s whose nominal share capital ranges between Rs 10,00,000 to Rs 50,00,000 – Rs 2000.

Documents Required For Incorporation

• Memorandum of Association.
• Articles of Association.
• Prospectus Statement in lieu of prospectus is not requires in case of a private company.
• Copy of import agreements.
• Statutory declaration in Form I.
• Copy of Letter of Register indicating approval of name.
• Power of Attorney.

The Cost of Incorporation / Registration of Pvt Ltd Company would vary from INR 6,000/- to INR 30,000/- depending upon the No. of Directors, No. of members, authorized share capital and Professional fees. Professional fees may depend upon the complexity of the task.

To operate a business without registration you need a current account. Now to open the current account, the bank will ask you for any government registration. The government registration can be MSME registration, Shop & establishment registration or GST registration.

The amount of time it takes to form a company online depends on how you choose to do it. Postal applications to Companies House can take between eight and ten days, but if you go online you can set up your business within 24 hours.

If you set up a limited company, you are not legally required to appoint an accountant, although there are multiple benefits of doing so.

If you set up a limited company through 1st Formations, the registration process usually takes 3 to 6 working hours (subject to Companies House workload). If you choose to start trading straight away, your company is ‘active’ and you must register with HMRC for corporation tax within 3 months.

There is no time limit for keeping a company dormant, so you do not need to worry that Companies House will ‘strike-off’ your company through inactivity. As long as you keep your Annual Returns and Annual Accounts up to date with Companies House each year, you can leave your company in an ongoing dormant state.

Making your company dormant is the better option if you simply wish to take a break from running the business for a fixed or indeterminate period of time; if you want to test the waters with retirement or a new job; or if you have any doubts whatsoever about closing your company and having it struck off the register.

After your company has been struck off, you cannot trade or carry out any business activities through that limited company. Any assets that are still held by the company at the point it is struck off will become the property of the crown.