Benefits of Private Limited Company Registration in Online India


Benefits of Private Limited Company Registration in Online

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The type of business structure you choose will impact the amount of paperwork you'll have to do, your taxes and personal liability. It's important to consider each option carefully before making a decision.

Benefits of private limited Company Registration in Online

One of the most popular types of business structures in India, private limited companies offer many benefits to entrepreneurs and investors. They are seen as more credible than sole proprietorships and partnerships, and they can also make it easier to raise funds and secure loans from banks.

This is because a Private LimitedCompany Consultant has a separate legal existence from its owners, and it can enter into contracts, incur debts, and own assets in its own name. In contrast, partners in a partnership firm are personally liable for the actions of the business and their personal assets could be at risk if the business is sued.

Another advantage of a private limited company is that it can have perpetual succession, meaning that it will continue to exist even if its members die or leave the business. This is different from a sole proprietorship, which will cease to exist once its owner dies or retires.

In order to register a private limited company, you'll need to have at least two directors with a Digital Signature Certificate (DSC) and Director Identification Number (DPIN). You'll also need to prepare the Memorandum of Association (MOA) and Articles of Association (AOA), reserve the company's name and submit it with the Registrar of Companies. Once the ROC approves your incorporation documents, you'll receive a Certificate of Incorporation that confirms that your company has been officially registered.

 

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