LATEST
< >

Home > Income Tax > Help Center > Business Calculator Last Updated: Dec 06th 2022

Business Registration Type Assessment Calculator

When you are starting a business, often times, you need to decide which business (entity) registration type is suitable for you. This calculator asks few questions to recommend a business registration type.

Business registration gives an ability to incorporate a legal entity, limit exposure to your personal liability, incentives, and tax benefits while it requires you to go thru more methodical tax compliance procedures. Check out what's best for your business.

  Which registration is good for your business?

{{regType}}


You may run your business on your name using your PAN number. No formal registration necessary or Name approval required or a separate Legal Entity for the Owner is required. But one may need to take GST, Shop License and other applicable local registrations.

Just a partnership agreement is enough but its better to have the deed registered with a local state level registrar. no formal name approval needed. registered firm may have a separate PAN and maintain the books and financial records accordingly.

Formal registration is mandatory with Ministry of Corporate Affairs, Registrar of Companies under 2013 act. Will be operated under a separate legal entity. But maximum turnover could be Rs. 50L.

Limited Liability Partnership Firm is a type of a Company registered under Ministry of Corporate Affairs, Registrar of Companies under 2013 act. Greater emphasis on limitation of liability and at the same time operates similar to a Firm. Less Compliance, penalties are limited compared to Private limited company. Can be registered as a Startup with DIPP. One of the best option for new businesses.

Private Limited Company (aka PL, PLC) is a Company with fairly no limitations on how big a company can be under this type of business registration. Compliance costs during the year and changes to the constitution of the business is very high. most small businesses whose yearly turnover under Rs. 2 Crores, need to re-think whether its really needed to have this type of registration. Highest Compliance to follow, most VCs, Banks prefer Pvt Ltd Company registration for loan approval.



Our Tax Services

Online Income Tax Filing Time: ~7 mins
  • Comprehensive & Accurate > No limits.
  • Highly Secure > Peace of mind.
  • Maximum Deductions > Save on Taxes.
  • No more visits to Tax Consultants > Save Time & Money.
  • Real-time Tax Calculation
  • Available in both Web Browser & Mobile App

Start Now

GST Accounting Software Price: FREE for 1st year in India  refer pricing for other countries such as India, Australia, Malaysia, Nepal, Pakistan, Singapore, Sri Lanka, & UK

Easiest GST ready Accounting software

  • GST Compliant Invoicing
  • Online - Highly available
  • Quick Onboarding - Import your data from legacy
  • Personalization - Highly customized Invoicing
  • Drafts > Estimates > POs > Delivery Challans > Invoices > CR/DR Notes > RCs & All.
  • Barcode scanner Integration
  • Amazon, Flipkart Imports
  • Individual, or Bulk Payments - just a Click away
  • Multiple users can Book / Bill at the same time
  • Quick Invoicing, Auto Delivery, & Reminders
  • Multi-Channel GST returns preparation
  • Customized for Regular and Composition
  • AI Data Insights
  • AI Prioritization
  • AI Alerts
  • Expenses & Purchases
  • Real Time P & L
  • Barcode Scanner, e-Way Bill Integration
  • Excellent User Experience
  • Easy to understand language
  • Artificial Intelligence enablement
  • above all, Count on our Outstanding Client Service

Start NowLearn more
Tax Expert Services Price: Rs.799 onwards

GST
  • Affordable Tax Services for Businesses, Associations, Individuals
  • GST Registration
  • GST Return Filing
  • GST Accounting
  • GST Consultation
  • Notice Handling
Income Tax
  • Income Tax Return Filing for Businesses, Associations, Individuals
  • Tax Savings
  • TDS Preparation
  • General Tax Compliance
  • Investment Advisory
  • Capital Gains Consultation
  • Tax Planning
  • Notice Handling
Virtual Accounting
  • Complete Accounting for Businesses, Associations, Individuals
  • Compliance & Accounting Portal Access for easy monitoring
  • Accounting Advisory
  • Tax Savings
  • GST, Income Tax, TDS, General Tax Compliance
  • Business Planning

Contact Now   WhatsApp Now


How to get help from EZTax.in