Nowadays practice of architecture firm and Product of design and construction of a building and other physical structures are trending in India. It is a profitable business in India nowadays because people are more advanced they do search on the internet for comprehensive planning for their home design and construction of the building. Architecture Firm provides services to the customer for their home design and other development. If you are thinking of starting an Architecture Firm, then you have to follow the Rules and Regulation of Government for incorporation of your Architecture Firm.
How to start an Architecture Firm
Limited Liability Partnership Registration
If you want to incorporate your business as an LLP Registration then you have to follow the rules and regulation of the LLP act. There is two or more person required for incorporation of an LLP. And LLP is a separate legal entity which can be suing and can be sued from others. There is a limited liability to partners. If you want to register your architecture firm as an LLP, then you have to follow the procedure of the MCA. Process of incorporation is easy, first you have to obtain the Digital Signature Certificate for proposed director, then you have reserved your firm name through LLP-RUN service, after reserving a name, you can file your incorporation firm which should be submitted with required documents, after registration of firm you have to submit your LLP agreement under prescribed time. There is less compliance required for an LLP. And all compliances should be done with the Registrar of companies.
One Person Company
If you are a single owner of your Architecture firm then you can register under the One Person Company Registration as it can be incorporate by only one person. If you want to register your Architecture firm as a One Person Company then you have to follow the procedure of the Ministry of Corporate Affairs. All compliances should be done with the registrar of companies. There is less compliance required under OPC as compare to private limited Company. You will get tax benefits with the OPC, and it is a separate legal entity which can sue and can be sued from other. It is a good option for you if you are a single owner of your business.
If you are thinking of starting an architecture firm, then you should consider the above-given points as it is important to register under Council of Architecture, and other important legal registration should be done by you so in future there will be no problem arises for your business.
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