The laws that oversee the matters of company registration, registration of business names and trademarks operate separately. This article discusses the difference between company registration and trademark registration along with addressing various concerns related to it.

Trademark Registration is the process that one goes through in order to get the unique company mark (identity of any kind) to be registered under the Trademark Act of India. Trademark registration gives the owner(s) rights to exclusive use of the registered trademark and also the right to acquire legal protection in case of infringement of their trademark. A trademark may consist of any or all of these-words, slogans, business names, numerals and signs. Generally the trademark registration process takes more than 12 months however the TM symbol can be used along with the logo or business name. This can also be done to symbolise that a trademark application has already been filed.

LLPs or Limited Liability Partnership is one of the newest forms of business entity in India. The LLP Registration was started in India in 2008 and it has quickly gained popularity among small businesses because of its low registration cost. LLP or Company Registration refers to the creation of a separate legal entity proficient to do business transactions and own property. The process of registration can be completed within 20 working days usually. A Certificate of Incorporation is issued once the company is registered. An account in the company name can then be opened. The certificate of incorporation can be used for obtaining other registrations like TIN Registration, Service Tax Registration, etc..

The Difference

As mentioned above, trademark registration refers to the registration of an intellectual property whereas Company or LLP Registration is the creation of a separate legal entity. As per the difference, the purposes that both the processes solve are also different. Trademark registration provides legal rights of use of a mark and a company is free to register more than one trademark. With Company or LLP registration on the other hand, one creates a legal entity for undertaking business activities.

The Ministry of Corporate Affairs governs the registration of companies in India and does not allow a Company or LLP to be registered with already existing name. Nonetheless, the name of the business can still be used by others if trademark registration is not acquired. Therefore, it is suggested that the business name should also be trademarked.

If you wish to commence your dream business in India or want to register your trademark, visit www.eFilingportal.in , also stay connected for more such information.

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Value Added Tax (VAT) is the sales tax which is usually charged on the consumption of goods and services in the UK. The businesses with a taxable turnover of more than £81,000 must register for VAT. After your business is VAT registered, it can charge and reclaim VAT on goods and services sold to customers and purchased from other businesses respectively.

As mentioned earlier, registering for VAT is mandatory for businesses with a taxable turnover above the threshold; business can also go for a voluntary VAT registration.

Voluntarily VAT registration has many benefits for your business. Take a look at them.

Financial penalties

If you are not careful about your turnover, then you might fail to notice when it is over your VAT registration threshold. Such carelessness could result in a minor or major penalty. With voluntary  registration, you do not have to worry about passing the threshold and penalties.

Business profile

Your customers are aware of VAT registration threshold. This means when you voluntarily registering your business, it might give an impression as a bigger business and successful than it already is to your customers.

Business Dealings

Many suppliers want to do business with VAT registered companies. If you aren’t registered, you won’t be able to produce a VAT invoice which gives them a solid ground not to trust your business. However, if you are voluntarily registered, you are given a VAT registration number which will help you in dealing with your suppliers and organisations.

VAT Refunds

If you have voluntary registered for VAT, it can help you to claim VAT on goods and services purchased for your business. It can further allow you to reclaim VAT from the last 4 years as long as you have correct VAT records.

Credibility

When you register voluntarily, you will get a VAT registration number. This number can be displayed on your business website and correspondence which only increases the credibility of your business. Moreover, it may also give you chances to work with other bigger firms as they are only interested in doing business with VAT registered companies.

After you are voluntarily registered, you should keep proper records, invoices and submit a VAT return in every quarter. 

This registration process can be complicated at times. In such situations, specialist VAT consultants are the ones who you should run to. They can offer expert advice on these matters and suggest you on what to do next. 

Before going for registration of a firm, a person should understand the number of business formations and registrations in India.

Proprietorship Firm is a one man firm. It is not considered a company that means that the liability of the owner is unlimited .it is often considered a simple way to start the business. In this type of business, the person must have service tax registration certificate or value added tax certificate. Besides these requirements, the owner also has to open a current account in any bank. It is ideal formation for start ups.

Partnership Firm has same features as the proprietorship firm but it often involves two or more people or partners. The liability is also unlimited in the partnership firm. For registration it needs partnership deed with current account with any back. The VAT or service tax registration depends on the nature of the business 

Private limited company is the major business formation. From 2015, it has become easy to register the limited companies with INC 29 form. Earlier there were some requirements for minimum fund but now there is no need for having limited fund at the time of registration of the company. At the time of registration Sales Tax Registrations in Gurgaon of private limited company, two directors at least must be there with current account with any Indian back.

Limited Liability Partnership has mixture of private limited company and partnership firm features. At the time of registration it, it must have at least two partners. This formation was quite popular before 2015, because the cost of formation was less in limited liability partnership. The minimum requirement is only one lakh rupees as capital. One person company is same as private limited company and has same features as well.

The formation of Company registration consultant in Gurgaon  business and registration of business in any of the formations depends on the line of business and capital at the hands of promoters.  If the person has some idea and want to test them in the business of internet service provider, he could go for proprietorship firm registrations. The cost of registration is low and need only payment gateways and current account with any back.

If some people want to come together and test some idea, then they could go for partnership registration. Some of the person may want to continue their current jobs with other companies during the initial period of new business.

One can go for registration as private limited company if the idea on which business is being launched in already tested in the market and owners are looking for long term investments from investors such as angle firms.One person company registration is the best for the person who does not want to include others in the company but wants to get the company features.