private limited company
Introduction
If you’re looking to start a business in India, registering your company as a private limited company is a fantastic option. This type of business structure offers many benefits, including limited liability protection for the shareholders, greater credibility and transparency, and easier access to funding. By registering your company as a private limited company, you’ll be able to take advantage of these benefits and position your business for long-term success.
One of the biggest advantages of a private limited company is the limited liability protection it offers. This means that the shareholders are not personally responsible for the company’s debts or liabilities. This protection ensures that the personal assets of the shareholders are not at risk, even if the company runs into financial difficulties. Additionally, private limited companies enjoy greater credibility and transparency, which can help attract customers and investors. This can be especially beneficial for startups that are looking to establish
Finally, registering your company as a private limited company can also make it easier to access funding. Private limited companies can issue shares to raise capital, which can be a great way to secure financing for your business. This funding can be used for a variety of purposes, including expanding operations, hiring new employees, and investing in new products or services. With so many benefits to registering your business as a private limited company in India, it’s no wonder that so many entrepreneurs are choosing this option.
Benefits of Registering A Private Limited Company in India
One of the biggest benefits of a private limited company is that the liability of its shareholders is limited to the amount they have invested in the company. This means that their personal assets are protected in case the company incurs any losses or is faced with legal issues.
Registering your business as a private limited company adds to its credibility and professionalism. It shows potential investors, customers, and business partners that you are serious about your business and are willing to follow the legal requirements to ensure its success.
Shares in a private limited company can be easily transferred, making it easier for shareholders to exit or sell their stake in the company. This can help attract investors and provide them with a clear exit strategy, which can be beneficial for both the company and its shareholders.
Private limited companies are eligible for various tax benefits and incentives offered by the government. This can help reduce the overall tax liability of the company and increase its profitability.
PAN & Aadhar Card of all the directors and shareholders.
Email address and contact phone numbers of all the directors and shareholders.
Voter’s ID / Passport / Driver’s License (any one document) of all the directors and shareholders.
Bank Statement/Electricity Bill/Telephone Bill/Mobile Bill of all the directors and shareholders(not older than 2 months).
Passport size photograph of all the directors and shareholders.
Objectives of the company. (Description of the business activity)
Address proof of location where the company is going to be registered.
Two company names in the order of priority.
- If owned property, Tax paid receipt/ Electricity bill receipt/ Gas bill copy, along with a NOC.(Format for NOC would be provided by us)
- If Rented property, an NOC would be required from the owner of the property along with the latest electricity bill/ Gas Bill Copy (NOC format will be provided by us.)