Our Best Services
Register Your
Association of Persons (AOP)
With Us
An Association of Persons (AOP) is a group of individuals or entities, such as companies, firms, or trusts, who come together for a common purpose or to carry out a joint venture. AOPs are recognized under the Income Tax Act, 1961, and are taxed as a separate entity.
At Future Tax, we specialize in assisting groups of individuals or entities in registering as an Association of Persons (AOP) in India. Our expert services ensure a seamless and efficient registration process, enabling you to pursue your collective goals with legal recognition.
Registering as an Association of Persons (AOP) typically involves the following important contexts:
Tax Benefits: AOPs can benefit from potentially lower tax rates and available deductions.
Combined Expertise: Diverse skills and expertise of members enhance decision-making and efficiency.
Pooling of Resources:Members can combine their financial and non-financial resources, leading to increased capital and operational capacity.
Non-Profit Organizations: Associations formed for charitable, educational, religious, or similar purposes may register as an AOP to facilitate fundraising, manage activities, and ensure compliance with legal and regulatory requirements governing non-profit entities.
Required
Documents
for Registration
Identity Proof of Directors:
PAN Card, Aadhaar Card
Address Proof:
Voter ID, Passport, Driving License
AOP Agreement
Detailed agreement outlining the objectives and operations of the AOP.
Proof of Registered Office:
Rent agreement or property documents.
Steps for
Association of Persons Registration
01.
Formation and Agreement:
Drafting a partnership deed or agreement that outlines the objectives, roles, responsibilities, profit-sharing arrangements, and other operational details among the members of the AOP.
02.
Registration Application:
Filing an application for registration with the appropriate authority, which could be the Registrar of Firms or any other designated authority as per local laws
03.
Payment of Stamp Duty:
Ensuring payment of stamp duty on the partnership deed as required by local regulations. Stamp duty rates may vary depending on the jurisdiction and the value of the partnership.
04.
Verification and Approval:
Submission of the partnership deed and other required documents to the registering authority for verification. Once verified, the authority may issue a certificate of registration or acknowledgment of the AOP.
05.
Compliance and Documentation:
Ensuring compliance with ongoing legal and regulatory requirements, such as filing annual returns, maintaining proper accounts, and updating changes in partnership details with the registering authority.
How it
Works
Free Consultation
Contact us for a free consultation to discuss your needs and objectives.
Document Preparation
Collect necessary documents such as PAN, Aadhaar, and address proof of directors.
Drafting and Filing
We draft the MoA and AoA and file them with the ROC on your behalf.
Approval and Registration
We handle all communications with the ROC until the Certificate of Incorporation is issued.
Full Control
Enjoy complete control over your business decisions.
Tax Benefits
Benefit from personal tax rates as income is considered the owner's income.
Easy to Start
Minimal regulatory requirements make it easy to start.
Low Compliance
Fewer compliance requirements compared to other business structures.
Benefits Of
Association of Persons Registration
1. Legal Recognition
Obtain formal recognition as an AOP for tax purposes.
2. Tax Benefits
Enjoy various tax benefits and exemptions under Indian tax laws.
3. Pooling Resources
Pool financial and other resources for joint ventures or projects.
4. Liability Protection
Protect individual members from personal liability arising from the activities of the AOP.
5. Flexibility:
Operate under a flexible structure tailored to the specific needs of the members.
Additional Services
List of Our Services
PAN and TAN Application:
- Obtain your Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
Accounting and Bookkeeping:
- Keep your financial records in order with our expert services.
Compliance Services:
- Ensure your business complies with all legal requirements.
Trademark Registration:
- Protect your brand with trademark registration.
Contact Us
Drop Us a Line
Send us your messages and inquiries effortlessly through our contact form.
