Definition

Company Service is a business that generates income by providing services instead of selling physical products. Such as a public accounting firm as they earn revenues by preparing income tax returns, performing audit and asset services, and even doing bookkeeping work.

Service Planing

Importance

  • Delivering essential services to the public.
  • Creating positive experiences.
  • Providing employment opportunities to the new businessman.
  • Acting as an indicator of economic growth.

Benefits

  • Promoting investment to the new businessman.
  • Promoting savings in the economy.
  • Minimizing the risks due to legal documents available with them.
  • Economic growth by providing the easy excess of funds from the government.

Eligibility

  • The customers must be involved in a legal profession.
  • He must have the required and verified documents.
  • He must be aware and should follow the rules and regulations of the country as well as the company.

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Subcategory

Company Services

1. Nidhi Company Service

It belongs to a non-banking financing company. It allows to borrow from its member and provide loans to its members. Nidhi companies are registered as public companies & have Nidhi limited added at the end of their name.

Need

  • It is a form of company in the sector of non-banking finance that gets consolidated with the duty of developing the habit of thrift as well as saving amongst its members.
  • Its activity is to borrow and lend money to its members for mutual benefit.

Document Required

  • Pan card
  • ID proof (Aadhar Card, DL, Voter ID etc.)
  • Address proof (Bank Statement, Mobile bill, Landline bill, Electric bill etc.)

2. Cost Accounting (Depends)

It is a form of managerial accounting. Its aim is to capture company's total cost of production, ascertain the cost of the product by assessing the variable cost as well as fixed costs .

Need

  • It is needed to know the reason for the loss of money in the business and the excess use of money in the business. It helps businesses to analyze their cost-efficiently.
  • It helps them to allocate their cost in a better way.
  • It is needed at the time of planning and cost-cutting.
  • It is needed for the pricing strategy in a business.

Document Required

  • Bill of Material
  • Purchase Requisition
  • Purchase order
  • Material Inspection Note
  • Goods Received Note
  • Stores Requisition Note

3. Startup Registration

A start-up or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model.

Need

  • It is required to get recognized legally in the eyes of law.
  • We can avail of the benefits given by the government to the start-ups.
  • It helps the start-ups to be eligible to represent themselves as registered and legally eligible for their business.

Document Required

  • Trademark
  • Article of association/Incorporation
  • A Non-Discloser Agreement (NDA)
  • Employee Contracts and offer letters
  • Shareholder’s agreement
  • Intellectual property assessment agreements
  • Founder’s agreement
  • Terms and conditions
  • Business plan/pitch Desk.