How to register a company in Bangalore?

Registering a company in Bangalore is a straightforward process if you follow these steps. Whether you’re a single founder or planning to raise funds, this guide will help you choose the right company type and complete the registration process efficiently.

1. Select a Type of Company to Register

Types of Companies

• Sole Proprietorship: Ideal for a single founder experimenting with a business idea.
• Limited Liability Partnership (LLP): Suitable for more than one founder who does not intend to raise funds.
• Private Limited Company: Best for those planning to raise funds.

2. Search for Name Availability

Before registering, ensure your desired company name is available.

• Forms: Check the availability of your company name on the Ministry of Corporate Affairs (MCA) portal.
• Link: MCA Name Search
• Guidelines: The name should be unique, not similar to existing companies or trademarks, and should reflect the nature of your business.

3. Start the Registration Process

Basic Requirements for Private Limited Company and LLP

Private Limited Company

• Minimum People Required: At least 2 directors and 2 shareholders (can be the same individuals).
• Address Required: A registered office address (home address can be used initially).
• Time Required: Approximately 12 days.
• Government Fees: Depends on the authorized capital. Usually starts from Rs 11000.

Limited Liability Partnership (LLP)

• Minimum People Required: At least 2 partners.
• Address Required: A registered office address (home address can be used initially).
• Time Required: Approximately 12 days.
• Government Fees: Depends on the contribution amount. Usually ranges from INR 500 to INR 5,000.

Steps to Register

1. Obtain Digital Signature Certificate (DSC)

   • Details: Digital signatures are required to sign electronic documents.
   • Certified Agencies: Certified Agencies for DSC

2. Prepare Documents

   • For LLP:
     • Forms: Fill Form FiLLiP for incorporation.
     • Documents: LLP Agreement, Address Proof, Identity Proof of Partners.
     • Link: LLP Incorporation Forms
   • For Private Limited Company:
     • Forms: Fill SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus).
     • Documents: Memorandum of Association (MOA), Articles of Association (AOA), Address Proof, Identity Proof of Directors.
     • Link: Private Limited Company Forms

4. Obtain Other Registrations

• Professional Tax (PT): Mandatory for all companies.
  • Link: Professional Tax Registration
• Goods and Services Tax (GST): Required if your annual turnover exceeds Rs. 20 lakhs.
  • Link: GST Registration
• Startup India Registration: Beneficial for startups seeking various benefits and incentives.
  • Link: Startup India Registration

5. Open a Bank Account

Open a bank account in the name of your company to manage finances efficiently. Most banks offer online account opening services.