How a Person can become an Entrepreneur?

Posted by Timothy Lopez on April 15th, 2016

For every person, it’s a dream to become a successful entrepreneur. Since senior secondary a student start’s weaving his journey towards becoming a successful entrepreneur from choosing a graduate college to preparing for top notch business school and finally starting a startup that is different from the regular stereotype business plans. In order to become an entrepreneur just having a degree and a concept is not enough one also need to undergo the tedious process of getting the firm registered and fulfill other formalities.

An entrepreneur first has to register his company under law, according to its requirements like companies acts 2013 that states the norms, procedures, duties and responsibilities of the entrepreneur.

Registration of a company has always been a time consuming and lengthy process. But time to time changes made under the law had made it easier. Now the process has become much simpler and faster due to company registration in India.

There are a number of online registration companies in India that facilitates various companies to get registered online, as fast as possible. The procedure laid down by the company is in simplified terms that enable even a layman to understand and follow the steps with proper guidance. The Types of companies that can be registered online are:

• OPC (one person, company or sole proprietorship): For those people who are passionate to one become an entrepreneur and start as a one man army.
• PVT LIMITED: The most easiest and popular form of conducting business in India is through private limited company that can be registered with minimum two associates and is eligible to raise funds after registration.
• LLP (Limited Liability Partnership): It is in a way hybrid company with the characteristics of both private and partnership firms that can be easily registered online at affordable prices.

Services offered by the company are:

• PROFFESIONAL HELP: Registration is the most important step for every organization. So these companies provide professional assistance to companies to overcome the barriers in the registration process.
• REASONABLE COST: These organizations provide these services at very reasonable cost.
• GUIDANCE: For any startup a person needs help and guidance, these organizations provide guidance to companies whether they should start as private LTD or LLP.

LLP is a form of company in which company acts as a separate legal entity from its partners. There is an agreement between the LLP and its partners. Now anybody can do LLP registration online by following few simple steps and under the proper guidance of the experts.

The following process is followed by a company to get it registered online as an LLP:

1^st Step: Obtain Designated Identification Number.

2^nd Step: Register Digital Signature of Designated partners.

3^rd Step: Filling of form 1 for name availability.

4^th Step: Filling of form 2 for incorporation and subscription document

5^th Step: Draft an LLP Agreement.

6^th Step: Fill form 3-LLP Agreement.

After completing all steps one can register as an LLP.

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