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Pvt. Ltd. Registration
Private limited company is popular and well known business structure it enjoys wide options to raise funds through bank loans, angel investors, venture capitalists, in comparison to LLPs and OPCs.
OPC Registration
The one person company helps startup entrepreneurs they can approach angel investors, venture capitalists for funding and easily convert their OPC into multi shareholder private limited company.
LLP Registration
Limited Liability Partnership (LLP) is a popular and well known business structure in the world. Corporate Customers, Vendors and Govt. Agencies prefer to deal with LLP instead of proprietorship or normal partnerships.
Sole Proprietorship
Proprietorship in India is a type of unregistered business entity that is owned, managed, and controlled by one person. The micro and small businesses that are operating in the unorganized sector prefer registering as a proprietorship in India.
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The concept of One Person Company (OPC) in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a OPC is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership. Similar to a Company, a OPC is a separate legal entity from its members, offers limited liability protection to its shareholders, has continuity of business and is easy to incorporate.
Though a One Person Entity allows a lone Entrepreneur to run a business with Limited Liability protection, a OPC does have a few limitations. For instance, every OPC must nominate a nominee Director in the MOA or AOA who will become the owner of the OPC in case the promoter Director is disabled. Also, a OPC must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year. Therefore, it is important for the Entrepreneur to carefully consider the features of a OPC prior to incorporation. AMRITAZ can help incorporate a One Person Company (OPC) in India.
Private Limited Companies are those types of companies where minimum number of members is two and maximum number is two hundred. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company.
Documents for Private Limited Company Registration
Passport Size Photograph
Copy of PAN Card
Copy of Electricity Bill
Sale Deed (if owned)
Copy of Aadhaar Card
Address Proof Director/Partner(Bank Statement / Mobile / Telephone Bill)
Copy of Rent Agreement(if rented)
No Objection Certificate
Documents for Private Limited Company Registration
Limited Liability
If a private limited company was in financial trouble and had to close, shareholders would not risk losing their personal assets.
Helpful in Startup India Registration
Under the Startup India scheme you can avail lot of the benefits like raise the funds, subsidy for the trademark registration etc.
Easy Transferable Ownership
It is easier to subscribe or leave the membership of the company. Also it is easier to transfer the ownership.
Selling the Business
As business Corporation value will be based on the business, not the owner, therefore making it easy to sell the company.
Taxation
Companies are often taxed at a lower rate and are provided with better taxable benefits as compared to other forms of business organization.
Perpetual Succession
The company shall continue to exist till it's wound up in accordance with the provisions of the relevant law.
Raising Money
As per Companies act 2013 a company can sell shares to the public or can accept deposits from public and can therefore raise money easier than other business structure types.
Separate Property
A Company as a legal entity is capable of owning its funds and other properties. The property of Company is not the property of its shareholders.
Better Governed
Companies are governed by the companies Act, 2013 and have to follow various other regulatory procedures during the course of its governance.
Capacity To Sue
As a juristic legal person, a company can sue in its name and be sued by others.
