In this guide, we break down each stage of starting and running a compliant business in India, with expert support from trusted service providers like LawProGuru.
- Company Registration in India
Company registration is the first step to give your business legal identity. It allows you to operate lawfully, open a corporate bank account, and gain investor trust.
Types of Company Structures:
- Private Limited Company (Pvt Ltd)
Ideal for startups and growing businesses seeking outside funding.
- Limited Liability Partnership (LLP)
Best for small businesses that want a partnership with limited liabilities.
- One Person Company (OPC)
Suitable for solo founders who want full control while limiting personal liability.
- Sole Proprietorship
Easiest to set up but offers no legal distinction from the owner.
Documents Required:
- PAN & Aadhaar of Directors
- Address proof of business
- Digital Signature Certificate (DSC)
- Director Identification Number (DIN)
- MOA & AOA (for companies)
Benefits of Company Registration:
- Legal recognition
- Limited liability protection
- Access to funding and bank loans
- Better branding and credibility
- Tax benefits under Startup India schemes
Need help? LawProGuru offers end-to-end company registration services starting from just ₹4,999.
- Business Compliance
Once registered, businesses must adhere to statutory compliance rules to avoid penalties and maintain good legal standing.
Major Compliance Requirements:
- ROC Compliance (Registrar of Companies):
Filing of annual returns and financial statements under the Companies Act.
- Board Meetings and Resolutions:
Regular meetings and record-keeping of decisions.
- GST Compliance:
Filing monthly/quarterly GST returns, maintaining invoices, and e-way bill generation.
- Professional Tax Registration & Filing:
For businesses employing staff in certain states.
- Shops and Establishment Act Registration:
Mandatory for businesses operating from physical premises.
- ESI & EPF Registration (if applicable):
For businesses employing more than 10 or 20 employees, respectively.
Pro tip: Outsource your compliance work to experts like LawProGuru to stay 100% compliant year-round.
- Tax Filing for Companies
Filing taxes accurately and on time is not only a legal obligation but also essential for financial planning.
Key Types of Tax Filings:
- Income Tax Return (ITR):
Every company, even those with no income, must file ITR annually.
- GST Returns:
Includes GSTR-1, GSTR-3B, and annual returns like GSTR-9.
- TDS Returns:
Tax deducted at source on salaries, payments to vendors, etc., must be filed quarterly.
- Advance Tax Payments:
Applicable when the tax liability exceeds ₹10,000 annually.
- Audit Reports:
Companies with turnover above certain limits must undergo tax audits.
Due Dates:
- ITR Filing for Companies: 31st October
- GST Returns: Monthly/Quarterly as per turnover
- ROC Filing (AOC-4 & MGT-7): 30 days and 60 days post AGM respectively
4. Why Choose LawProGuru?
LawProGuru is a trusted business services platform that simplifies company registration, compliance, and tax filing for entrepreneurs, startups, and SMEs across India.
Our Services Include:
- Private Limited & LLP Registration
- GST & MSME Registration
- Annual ROC Compliance
- GST Return Filing
- ITR Filing for Companies
- Payroll & Bookkeeping Services
Why LawProGuru?
- Affordable pricing
- Fast processing
- Expert CA/CS professionals
- 100% online process
- Transparent support
Conclusion
Starting a company in India involves multiple legal steps, from registration to regular compliance and tax filings. Missing deadlines or neglecting filings can lead to hefty penalties. That's why businesses rely on professionals like LawProGuru for smooth and hassle-free business management.
If you’re ready to start or streamline your business journey, get in touch with LawProGuru today—Your trusted partner in business compliance.