smaran rachakonda (IT professional) 20 December 2015

Quiery regarding company registration

hi,

Am smaran rachakonda.Am an IT professional based in Hyderabad,India. willing to open a One person Company (startup) of my own while working for a firm and do my business as freelancer which am actually doing since two years.But,after all these years due to some restrictions i have to register my company for transactions and to expand.

please provide details regarding the companies act of india,that can i have a company of mine and shall work for a firm. If not,please also provide the rules & acts. And also any alternatives you recommend.

Thanks

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2 Replies

Adv. Yogen Kakade (+ 91 9225510883) 21 December 2015

Hi,

If you want to start a sole proprietory firm.. get a shop act license.

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 22 December 2015

If you want to start a new online or offline business, sole proprietorship is the best option for you. A sole proprietorship is an unincorporated business owned by one person. The owner of a sole proprietorship is known as a sole proprietor. You can start it the day you want it. When your business grows you can then turn it into an LLP or a one person Company.

As a sole proprietor, you can operate the business under your own name or under a trade/firm name or your website's name. e.g. Let's say you are an IT consultant, you can operate the business under your own name "Sumedh, IT Consultant" or under a trade/firm name "ABC IT Consultants".