PAN Registration for Entrepreneurs Simplified

In India, PAN stands for Permanent Account Number, which is a unique 10 digit alphanumeric number issued to the individuals or companies, by the Department of Income Tax. This number would be essential for making financial transactions and also for filing the tax returns.

The procedure for PAN Registration:

The individuals and entrepreneurs can apply for PAN Offline and Online as well. The applications would be available at the official website of NSDL or UTIITSL; or can be availed in person from the authorized PAN center. 

The applicants need to fill in the form furnishing all the details and submit the form along with the applicable fees. After the process of PAN Registration and generation of the PAN Card, your PAN Card is shipped to the desired mailing address.

The documents required for PAN Registration:

There are guidelines regarding the documents required for PAN Registration for individuals, Private Limited Companies, Partnership Firms or LLPs and Non-Resident Indians. Generally, the following set of documents would be necessary to obtain PAN:

• Individuals: Identity proof and address proof
• Private Limited Companies: Registration Certificate issued by the Company Registrar
• Partnership Firms: Registration Certificate and Partnership Deed
• Non Resident Indians (NRIs): Identity proof and address proof

Helpurstartup.in serves as the prominent agency that helps you to acquire PAN for your startup or even for a company in any other capacity. You can seek expert advice regarding the procedure and documents required to get your PAN. 

Similarly, the professionals deployed by the agency at your service, would be more than happy to apply for PAN and complete the procedure on your behalf. So, working with Helpurstartup.in can be a wise decision, as you can get your PAN in time, in a hassle-free manner.

Why Should I Register As One Person Company(OPC)?

If you want to launch a business alone, you can register as one person company with only one person becoming director and shareholder under the companies act 2013 that has replaced the old companies act of 1956 that requires a business to have a minimum of two directors.

Is it for me?

The OPC registration online opens up a plethora of opportunities for the individual and professionals with the knowledge and skills required to run companies single handedly but were held back from realizing their full potential due to the legal requirement of finding partners.

Advantages of forming OPC

1. Easy funding- An OPC is allowed to raise funds through financial institutions, venture capitals and angel investors. Eventually a one-man-army can grow into a private limited company.

2. Small Scale Industries benefits- An OPC is considered a small scale industry hence entitled to all the benefits a SSI has. For example, business loans on easy interest rates are available; banks can give funding without security deposit and tax benefits.

3. A legal entity- An OPC is considered a separate legal entity allowed to function and accrue profit like any other company.

4. Reputation- A business that is run under the brand of an organization receives trust of the market.

If you are an entrepreneur and want to make profit by working as a professional, you can register as one person company to take your business idea a level up. It is easy and you will have multiple benefits in the form of fund raising and tax.

Search OPC registration online to know more about the process and get your company registered at the first instance. It is easy and you can make it easier with the help of a company lawyer.