Any person can register under MSME. They can be a sole proprietor or a partnership firm or a LLP or Company or AOP etc. Hence company registration is not mandatory for MSME.
Following are the benefits of MSME registrations.
Yes, any person can become a partner in an LLP. An authorised representative of a private limited company is to be appointed. For that company has to pass a board resolution.
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A supplier of goods whose turnover is less than 1.5 crore can opt for composition scheme. Such person cannot claim input tax credit. If one needs to claim input tax credit than he has to surrender from the composition scheme. Following are the benefits and limitations of composition scheme under GST.
Benefits:
Limitations:
To start an import export business, following steps can be carried on.
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Copyright registration has the following advantages:
It depends on who you want to be owner of the trademark. If you want to be the owner then it can be applied before incorporation of company. And if company is to be the owner then the application can be made after incorporation of the company. If you opt for trademark registration first, then you need to transfer the trademark to the company and it will become a lengthy and costly process. As sale deed and other documents are to be drafted and submit to Trademark Ministry.
Ideally the launch of products or service must be done after formation of a company. The consumers will trust your products/service if it is sold by the company rather than by the individual. A company is most trustful than a sole proprietor. It is because company is a separate legal entity and has perpetual succession.
MSME was allowed for all Manufacturing sector, service sector and for traders. But after the amendment the trading activities are removed. Hence now a trader cannot register under MSME. It is limited to manufacturing and service sector.
After incorporation of LLP form-3 for the agreement must be filed within 30 days. If such form is not filed, then MCA will not allow to file any other form. Hence one cannot file form for addition of partner without filing form 3. Further, MCA will charge the late filing fees of Rs. 100 per day till the date of filing of form 3.
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For India
Yes, you will have to update the information regarding the company name by submitting for TM-P for change in the name of registered proprietor in case the trademark is already registered. However, if the registration is still in process you will have to file TM -M.
Only after this you will be legally be able to use
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