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Connecting Hearts, Creating Impact: Join Our Association of Persons by TeamCSP

Connecting Hearts, Creating Impact: Join Our Association of Persons by TeamCSP is a dynamic community of purpose-driven individuals committed to building meaningful connections and creating lasting change through collaboration, innovation, and shared values.

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An Overview

What is Association of Person?

In India, an Association of Persons (AOP) is a legal term used to describe a group of two or more individuals who come together to carry out a business or profession with the aim of earning income. The AOP is considered a separate entity from the individuals who form it, and it is subject to its own tax rules and regulations.

Under Indian tax laws, an AOP is taxed as a separate entity, and its income is taxed at the applicable tax rates. The members of the AOP are also taxed on their share of the income generated by the AOP. It is important to note that an AOP is different from a partnership firm, as the latter is considered a separate legal entity from its partners, and is governed by its own set of rules and regulations.

How can Association of Persons Benefit You?

  • Easy to Form
  • Shared Responsibility
  • Flexibility
  • Access to Resources
  • Better Negotiating Power
  • Better Risk Management
  • Improved Credibility
  • Lower Costs
  • Shared Learning and Development
  • Succession Planning

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Required documents for registration

  • PAN Card of all members
  • Aadhar Card of all members
  • Address proof of all members
  • Partnership deed/Agreement
  • Business registration proof (if applicable)
  • Bank Account details of the association
  • Income Tax Returns of all members
  • NOC from the landlord (if office premises is rented)
  • Proof of property ownership (if office premises is owned)
  • Any other documents required by the Registrar of Firms

The Registration Process Steps

Choose a name : Choose a name for the association and check its availability on the Ministry of Corporate Affairs (MCA) website.
Partnership Deed or Agreement : Prepare the Partnership Deed or Agreement which should include the details of all the members, their contributions, profit-sharing ratio, and other relevant clauses.
Obtain a Digital Signature Certificate : Obtain a Digital Signature Certificate (DSC) for at least one of the partners.
Apply for the Director Identification No : Apply for the Director Identification Number (DIN) of all the partners who do not have it already.
Apply for PAN Card : Apply for the PAN Card of the Association.
Registration: Register the Partnership Deed with the Registrar of Firms by submitting the application along with the required documents and fees. 
Open bank account : Open a bank account in the name of the Association.
Required registrations or licenses : Apply for any other registrations or licenses required to operate the business, such as GST registration or professional licenses.
Startup: Start the business or profession and comply with all legal and regulatory requirements.

Join TeamCSP Association of Persons Hassle-Free

TeamCSP offers hassle-free services to help you establish and register your association of persons under the name Connecting Hearts, Creating Impact. With expertise in legal, financial, and administrative matters, TeamCSP can guide you through the registration process, ensuring that all necessary documents are prepared and submitted on time. By entrusting your registration to TeamCSP, you can focus on your core mission of making a positive impact in your community, while leaving the administrative details to the experts. With a commitment to professionalism, efficiency, and customer satisfaction, TeamCSP is your ideal partner for establishing a strong and effective association of persons.

Frequently Asked Questions

An AOP is a type of unincorporated association that is formed with the objective of promoting a common interest or goal. It is typically composed of two or more individuals who come together for a common purpose, such as social welfare, religious activities, or cultural pursuits.

Registering your AOP with TeamCSP offers several benefits, including legal recognition, tax-exempt status, and increased credibility with stakeholders and donors. Additionally, TeamCSP offers hassle-free services to guide you through the registration process and ensure that all necessary documents are prepared and submitted on time.

The requirements for registering an AOP with TeamCSP may vary depending on your location and the nature of your organization. Generally, you will need to provide a constitution or articles of association, a list of members, and other relevant documents. TeamCSP can provide guidance on the specific requirements in your jurisdiction.

The time it takes to register an AOP with TeamCSP can vary depending on several factors, such as the complexity of the organization and the regulatory requirements in your jurisdiction. Generally, the process can take several weeks to several months, but TeamCSP will work to ensure that the registration is completed as efficiently as possible.

Yes, TeamCSP can provide ongoing administrative support for your AOP, including assistance with accounting, reporting, and compliance. This can help to ensure that your organization remains in good standing with regulatory authorities and can focus on achieving its objectives.

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