Business Entity Incorporation & Closure
What we offer
Teotia & Co., Chartered Accountants, provides complete support for setting up and closing business entities, including Partnership Firms, LLPs, Companies, Section 8 entities, Trusts, and Societies. We handle documentation, registrations, statutory filings, and procedural compliance, ensuring smooth formation, efficient management, and lawful closure. Our organised processes help clients choose the right structure and meet regulatory requirements with ease.
1
Partnership Firm
A Partnership Firm is formed when two or more individuals come together to carry on a business with shared responsibilities and profits. Teotia & Co. assists in drafting the partnership deed, selecting the appropriate structure, and completing registration with the relevant authorities. We guide partners on capital contribution, profit-sharing ratios, rights, duties and accounting requirements to ensure a clear and legally compliant foundation. Our team also supports PAN/TAN applications, GST registration and ongoing compliance management. With organised documentation and professional advisory, we help partners establish their business quickly and operate smoothly with proper financial and regulatory governance.
2
Limited Liability Partnership (LLP)
An LLP combines the flexibility of a partnership with the limited liability protection of a company. Teotia & Co. supports clients throughout the incorporation process- including name approval, drafting the LLP Agreement, and filing incorporation forms with the MCA. We ensure accurate documentation, proper capital structuring and compliance with LLP Act requirements. LLPs benefit from easier management, reduced compliance burden and liability protection for partners. Our team also assists in GST registration, accounting setup, annual filings and event-based compliances. With systematic guidance and professional execution, we help businesses form and maintain LLPs efficiently and in full regulatory compliance.
3
Companies
Incorporating a company provides a distinct legal identity, limited liability, structured governance and wider growth opportunities. Teotia & Co. assists in incorporating Private Limited and Public Limited companies by managing name reservation, drafting charter documents, filing MCA forms and guiding on capital structure and shareholding. We ensure compliance with the Companies Act and help set up statutory registers, accounting systems and initial tax/GST registrations. Post-incorporation, we support annual filings, board documentation, audits and regulatory compliance. With our organised workflows and expert advisory, businesses can incorporate quickly and operate confidently under a professionally managed corporate structure.
4
Strike Off of Companies and LLPs
Strike-off is the process of legally closing an inactive or non-operational Company or LLP by removing its name from the MCA register. Teotia & Co. assists in assessing eligibility, preparing financial statements, drafting board and partner resolutions, clearing pending compliances and filing the strike-off application (Form STK-2 or equivalent). We ensure accurate documentation, settlement of liabilities and proper communication with stakeholders before filing. Our systematic approach reduces delays and ensures smooth interaction with authorities. By completing the process efficiently, we help clients close their business entities legally and avoid future penalties, compliance burdens or regulatory risks.
5
Trusts
​Trusts are formed for charitable, religious, educational or social welfare activities. Teotia & Co. assists in drafting trust deeds, registering the trust with authorities, obtaining PAN, and completing related registrations such as 12AB, 80G and CSR eligibility. We guide trustees on governance, accounting systems, compliance obligations and annual reporting requirements. Our service ensures proper legal structure, financial transparency and smooth functioning of the trust. With well-organised documentation, accurate filings and ongoing advisory support, we help NGOs and charitable institutions operate responsibly and maintain full compliance with applicable laws and regulatory frameworks.
