Business Setup Services

Our bunch of services not only include business setup services but also post-incorporation services such as maintenance of books of accounts, necessary post-incorporation compliances as applicable to the business module adopted by the entrepreneur

Business Set-Up In India

We follow a well-defined service plan supported by the associates of our firm holding rich experience, which in turn helps the business entrepreneurs, and corporate houses, to understand the different entry options available to them. Our bunch of services not only include business setup services but also post-incorporation services such as maintenance of books of accounts, necessary post-incorporation compliances as applicable to the business module adopted by the entrepreneur

We Provide Business Services For Your Business In India

Private Limited Company

A Private Limited Company is a Company that restricts the right to transfer its shares i.e. the shares of a Private Limited Company are not freely transferable under the Companies Act, 2013. It can have a maximum of 200 (Two Hundred) shareholders and it cannot invite the public the subscription to its shares or debentures. . The liability of each shareholder is limited to the extent of the unpaid amount of the shares’ face value and the premium thereon in respect of the shares held by him. However, the liability of a Director / Manager/Officer of such a Company remains unlimited under certain circumstances. The minimum number of shareholders is 2 (Two). Setting up of business via this route is generally adopted by small business concerns.

The most suitable form of entity for carrying out business in India with a long-term objective would be to form a Private Limited Company, by making investments through the equity shares in the Company. The basic requirement for a Private Limited Company in India is as follows:-

Minimum Two Directors (One should be resident in India)

Minimum Two Shareholders

Limited Liability Partnership

The Limited Liability Partnership (LLP) is governed by Limited Liability Partnership (LLP) Act, 2008 and Limited Liability Partnership Rules, 2009. The LLP Rules, 2009 contains administrative provisions for the formation, management, Reconstruction and winding up of LLPs. The Indian Partnership Act, of 1932 does not apply to LLPs.

Features of LLP

LLP shall be a body corporate and a legal entity separate from its partners. It will have perpetual succession, Like a corporation

There is no upper limit on the number of partners in an LLP unlike an ordinary partnership firm where the maximum number of partners can not exceed 20 (10 in case of banking)

While the LLP will be a separate legal entity, liable to the full extent of its assets, The liability of the partners would be limited to their agreed contribution to the LLP.

No partner would be liable on account of independent or unauthorized actions of other partners, thus allowing individual partners to be shielded from joint liability created by another partner’s wrongful business decisions or misconduct.

The framework of LLP is not restricted to professional services alone. Several business activities can be undertaken using the LLP structure

Lesser Compliances in comparison to Company

Tax rate is the same for LLP & Company.

Merger & Amalgamation possible.

Partners have direct Control over LLP unlike in a company where shareholders have no control over the working of the Company.

LLP can invest in a Private Limited company/Public company and become a shareholder of that company.

Easy to dissolve or windup.

Having the flexibility of perpetual succession- partners coming & going will not affect the LLP.

Partnership Firm

A partnership is defined as a relation between two or more persons who have agreed to share the profit /loss of the business carried on by them or any of them acting for all. The owners of a partnership business are individually known as “partners” and collectively as a “firm”.

Partnership is an appropriate form of ownership for medium-sized businesses involving limited capital. This may include small-scale industries, wholesale and retail trade; small service concerns like transport agencies, and real estate brokers; professional firms like Chartered Accountants, doctors’ clinics, attorney or law firms etc. A partnership firm may be established by way of writing a partnership agreement at an appropriate value of stamp paper as may be prescribed under the Act of the state where the Registered Office of the Partnership is situated.

Sole Proprietorship Firm

A sole proprietorship is the oldest and the most common form of business in India. It is a one-man organization where a single individual owns, manages and controls the business. Its main features are:-

Ease of formation is its most important feature because it is not required to go through elaborate legal formalities. No agreement is to be made and registration of the Proprietorship is also not essential. However, the owner may be required to obtain a license specific to the line of business from the local authorities.
Capital requirement of the Proprietorship is introduced wholly by the owner himself and depends largely on his savings and profits of his business or unsecured loan from friends and relatives.
Owner has complete control over all aspects of his business and it is he who takes all the decisions though he may engage the services of a few others to carry out the day-to-day activities.
Owner alone enjoys the benefits or profits of the business and he alone bears the losses.
The Proprietorship has no legal existence separate from its owner.
The liability of the proprietor is unlimited i.e. it extends beyond the capital invested in the Proprietorship.
Lack of continuity i.e. the existence of a sole proprietorship business is dependent on the life of the proprietor, therefore, illness, death etc. of the owner brings an end to the business. The continuity of business operations is therefore uncertain.

However, keeping in view, various Rules & Regulations applicable to the other verticals of the business as stated above, a sole proprietorship is most ideal preposition to commence business with minimum possible cost and compliances. The creation of a Sole Proprietorship does not require any formal agreement or declaration under any law of our country.

Every Business is Unique. Find Out How We Can Help Yours.

We Serve GST Services

Anywhere in India.

Within 3 days.

Easy documentation

No hidden charges

Free expert advice for three months.

Expert service for your compliance.

Client Testimonials

It is always a pleasure to learn that the work we do has positively impacted our clients and that they are happy to share their experiences.

I have done my GST and Income Tax filing services for our manufacturing business from Suri Associates Tax consultant in Thrissur, Kerala. Their service is highly recommendable. I have approached them again for Suri Sir’s help for our other new businesses we are setting up in Delhi and Haryana.

A FMCG Firm

Kerala – Delhi - Haryana

We are in Partnership Business and were looking for some experienced consultant who can
guide and help us in our GST registration. We moved our Business from Tamil Nadu to
Kerala, and wanted to get the right advice on our new venture. After getting help from Suri
Associates at Thrissur, now we are seeking regular support on our tax related matters. We
are happy to put our review regarding the best services provided by Mr. Suri and team. Thank
you for your support and the operational advices for our business.

A Trading Firm

Irinjalakuda, Thrissur

As a returned NRI, I was not sure about the policies and procedures for starting a business
here in Thrissur, Kerala. After the first consultation with Suri Associates, I got perfect
guidance and support from them. Right from the beginning till today, Suri Associates has
given me the advice for GST Registration and other mandatory services for the setting up and smooth running of my business. I am happy with their services. They are the best GST and Tax consultants in Thrissur

A Proprietary Firm

Mundur, Thrissur

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