The Benefits of Private Limited for Annual Filing in Chennai
The Benefits of Private Limited for Annual Filing in Chennai A private limited company is a legal entity with its own identity. Its owner is protected from liability to the company or its creditors. It has the ability to raise funds from venture capitalists or other financial investors. Moreover, it provides the image of a legitimate and safe business to banks and other financial institutions. A private limited company is an ideal choice for a startup. It is quick to start and easy to incorporate. However, it requires a number of steps to ensure its annual compliance. The steps include obtaining a Director Identification Number (DIN) and filing mandatory ROC forms. In addition, a private limited company must also meet certain legal requirements. In the first place, the company must be registered with the Registrar of Companies. This is the entity that will issue the Incorporation Certificate. Besides, a company must circulate its financial statements at least ...