To avail of certain advantages under law the firm must be registered with the Registrar of Firms of the State. Registration of a firm does not provide a separate legal entity to the concern as in the case of Joint Stock Company.
If you want to set up your own company, here's a quick guide to get you started.
PUBLIC OR PRIVATE LIMITED OR LIMITED LIABILITY PARTNERSHIP.
Register directors and partners
When you register a company, you are creating an entity that has its own legal obligations. As an officeholder, you need to be aware of anything that is required of you under the law.
The Registrar of Companies (RoC) across India expects the applicant to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application.
All directors must provide identity and address proof, as well as a copy of the PAN Card (for Indian Nationals) and Passport (for foreign nationals). No-objection Certificate must be submitted by the owner of the registered office premises.