Registering a Private Limited Company provides several benefits, including:

• Limited Liability: Shareholders’ liabilities are limited to the unpaid amount on their shares.
• Credibility and Trust: A registered company appears more credible to customers, investors, and banks.
• Ownership Flexibility: Private limited companies can have up to 200 shareholders and can issue shares to raise capital.
• Tax Benefits: Companies can benefit from certain tax deductions and rebates under the Income Tax Act.
• Perpetual Succession: The Company continues to exist even if the owners or directors change.

To register a Partnership Firm in Coimbatore, follow these steps:

1. Draft a Partnership Deed: A partnership deed, signed by all partners, should outline the terms of the business, including profit-sharing ratio, duties, and responsibilities.
2. Submit the Deed for Registration: You need to submit the partnership deed along with identity and address proof of all partners to the Registrar of Firms in Coimbatore.
3. Obtain PAN for the Firm: A Permanent Account Number (PAN) is required for tax purposes and is mandatory for the firm’s operations.
4. Register for GST (if applicable): If the firm’s annual turnover exceeds the threshold limit or engages in taxable activities, GST registration may be required.
5. Other Local Licenses (if needed): Depending on the nature of your business, you might need to obtain local licenses, such as a trade license from the Coimbatore Corporation or other relevant authorities.

The process to register an LLP in Coimbatore involves the following steps:

1. Obtain Digital Signature Certificates (DSC): Required for all designated partners to sign the registration documents electronically.
2. Apply for Designated Partner Identification Number (DPIN): This is a unique identification number for each partner, which is required for their role in the LLP.
3. Choose a Name for the LLP: The name must be unique and compliant with the MCA guidelines. You can check name availability through the MCA website.
4. Draft the LLP Agreement: This agreement outlines the roles, rights, and responsibilities of the partners, profit-sharing, dispute resolution, and other operational aspects.
5. File the Incorporation Documents with RoC: Submit the necessary forms (FiLLiP), LLP Agreement, and supporting documents to the Registrar of Companies (RoC).
6. Obtain Certificate of Incorporation: After successful verification, the RoC will issue a Certificate of Incorporation, officially forming the LLP.

The process for registering a Proprietary Concern in Coimbatore generally involves the following steps:

1. Choose a Business Name: Select a unique name for your business.
2. Obtain a PAN (Permanent Account Number): The proprietor needs to apply for a PAN card if they don’t already have one.
3. Apply for GST Registration (if applicable): If your annual turnover exceeds the prescribed limit or your business is involved in interstate supply of goods/services, you must register for GST.
4. Obtain a Shop and Establishment License: In Coimbatore, all businesses must register with the Coimbatore Corporation under the Tamil Nadu Shops and Establishments Act.
5. Register for Professional Tax (if applicable): If you have employees, you may need to register for Professional Tax with the local authorities.

You need to register for GST if you meet any of the following criteria:

• Aggregate Turnover Exceeds ₹40/20 Lakhs: If your business’s aggregate turnover exceeds ₹40 lakhs in a financial year for goods (₹20 lakhs for service providers).
• Interstate Supply of Goods/Services: If your business is involved in the supply of goods or services across state borders (interstate trade).
• Casual Taxable Person: A person who occasionally undertakes transactions involving the supply of goods/services.
• E-commerce Sellers: Businesses engaged in the supply of goods or services through e-commerce platforms.
• Voluntary Registration: Even if your turnover is below the threshold, you may choose to voluntarily register for GST to claim input tax credit or expand your business.

GST is divided into four tax slabs:

• 5%: For essential goods and services (e.g., food items, medical services).
• 12%: For standard goods and services (e.g., processed food, health and fitness products).
• 18%: For mid-range goods and services (e.g., automobiles, telecom services).
• 28%: For luxury goods and services (e.g., high-end cars, ACs, and consumer electronics).

Certain goods/services are exempt or attract a 0% GST rate, such as basic food items and healthcare services.