Private Limited Company

Private Limited Company Registration 

Set up a private limited company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with some restrictions. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders. the number of shareholders to 200.

Benefits Of Private Limited  Company Registration 

1. Limited risk to personal assets : The shareholders of a private limited company have limited liability. This means that as a shareholder you will be liable to pay for company liability only to the extent of the contribution made by you. The shareholders do not have any personal liability and hence need not pay for the company liability out of their own assets. 

2. Raising Capital : Even though registering a Private Limited Company  comes with compliance requirements, it is preferred by entrepreneurs as it helps them raise funds through equity.

3. Existence : A company has perpetual succession, i.e. continue or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or cessation of any member but continues to be in existence irrespective of the changes in membership.

4. Better Image And Credibility In The market: Private limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies mostly prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.

5. Easy To Attract Employees : For startups putting together a team and keeping them for long time is a challenge, due to confidence attached to private limited structure, it is easy to hire people as well motivate them with corporate designations.

Minimum Requirements For Company Registration 

• Minimum two shareholder
• Minimum two directors
• DSC (Digital Signature)
• Pan Card
• Aadhar Card
• DIN (Director Identification Number) for all Directors
• Photos of Directors

Reasons for choosing “TOTALTAXGURU”

Simple & Easy : You do not need to worry at all. Our experts handle all issues.
Customer Priority : Dedicated customer representative available 24x7 to help you for any complexity.
100% Transparency : We believe in empowering your business. We make sure you are up to date.
On-Time Delivery : We respect your time. And giving best output in certain time period. 

Frequently Asked Questions 

Q. How much time is needed for setting up a Private Limited Company?

Ans. If you have all the documents, then it will take around 10-15 days. It is totally depended on the workload of the registrar.

Q. Is it compulsory to have a company books audited?

Ans. Yes, a Private Limited Company must hire an auditor within 20-30 days of incorporation.

Q. Are two directors compulsory for a Private Limited Company registration?

Ans. Yes, There are minimum two directors are needed for a Private Limited Company. The maximum members can be 200.

Q. What is the minimum capital needed for Private Limited Company?

Ans.  There is no any minimum capital required to make a Private Limited Company.

Q. Can we register a Private Limited Company on home address?

Ans. Yes, the company can be registered on owner home address.