We provide End to End services right from selecting the name, Preparation of Memorandum, Articles, Up to Registration with RoC.
Most of the functions are online only and hence presently we outsource this work to our Networking partners.
Private Limited Company can be formed with a minimum of two members and a maximum of 200 members. Private limited must also have minimum of 2 directors which can extend up to 15.
There are multiple factors an entrepreneur should consider before choosing the type of business one plans to register. The size and nature of business, fund raising, scale etc should be considered before choosing the type of business entity. Here are some of the reasons why you should register your business as a private limited company.
Limited Liability
One of the main advantages of starting a private limited company is limited liability. Limited liability means limited exposure to financial risk by investors of a company. Limited liability means the shareholders liability in the company is limited to the capital amount invested in the company.
For example, if Sam invested Rs 100,000 to start a private limited company. The liability is his investment of Rs 100,000. In other words, his can potential loss cannot be beyond Rs 100,000. He won’t be liable for any liability beyond this initial Rs 100,000.
Business Continuity
Private companies enjoy perpetual succession. What does perpetual succession mean? Shareholders may come and go, but the company still continues to be in existence. The company is unaffected by the death of any of its shareholders or the transfer of its shares to another person.
For example, in a partnership firm, a change in the membership leads to dissolution of the existing partnership whereas in a private limited company, one shareholder may transfer his shares to another, but the company still continues to operate.
Fund Raising
Financial institutions such as banks, venture capital funds, private equity funds lend their resources more willingly to private limited companies that to other forms of business organizations.
Banks are more likely to lend to limited companies because they can use the assets of the company as security for the loan. Venture capital firms invest in a private limited company in exchange of equity shares; this cannot be achieved in a partnership firm.
Transfer and Exits
Limited companies are easier to sell as compared to partnership firms. Ownership is represented by equity or preference shares and these can be easily sold without affecting the activities of the company.
Salaries to Directors
There is no maximum limit on the salary being paid to directors; whereas there is a ceiling limit on the salary paid to partners of a partnership firm as per Income Tax Act, 1961.
Limited Liability Partnership can be formed with a minimum of two designated partner and there is no maximum limit on the partners.
Foreign Company Registration In India
In India the people from other countries can start their business by following our government rules and regulations. The Major cities in India like Chennai, Bangalore, Mumbai, New Delhi, Kochi, and Coimbatore have already occupied with most of the foreign companies branch offices. Every business people have their ultimate intention towards the global market by attaining their respective business in a stable stage. We offers you perfection on the service for Foreign branch office setup in Bangalore- India. It may be the first time to you for this registration process so that we are providing you sufficient information about the foreign branch office in India.
Open foreign branch office in India
Expansion of business is the process behind the branch office setup of any company anywhere in the world. Making an attention towards several locations in their business will help to reach the product or service to those places. Expansion of small market into a large one is the motive of every branch office of the companies. The reach in market will raise the demand for the product or service depending upon market condition. Once the demands in business reach the optimum level then it is the time to enhance the company’s every aspect for the future market. So the concerned authorities have set plans for the branch offices in the specified location based on the market. Every time a branch is setting up in the name of the parent company still the requirement of registration is important. The companies can open their branches either in the same country with several locations or in foreign countries.
Indian Resident Director
Foreign Company
Others
One Person Company (OPC) a separate legal entity with just one member. Unlike a private limited company which requires minimum 2 shareholders and 2 directors, an OPC can be formed with only one shareholder (there is a nominee director, but with no power until the original director is incapable of entering into contract). OPC is registered under the Companies Act 2013 with the Ministry of Corporate Affairs. Do not get confused with a sole proprietorship. Sole Proprietorship is not the same as One Person Company.
Entrepreneurs who register as an OPC can run the business without worrying too much about litigations and liabilities getting attached to the personal assets. One Person Company has a separate legal identity from its shareholders i.e., the company and the shareholders are two different entities for all purposes.
For example1, if Sam invested Rs 100,000 to start a One Person Company. The liability is his investment of Rs 100,000. In other words, his potential loss cannot be beyond Rs 100,000.
On the other hand proprietorship does not have a separate legal identity from its members.
The existence of One Person Company is not dependent upon its members and hence, it has a perpetual succession i.e., death of a member does not affect the existence of the company.
For example2, in a partnership firm, a change in the membership leads to dissolution of the existing partnership whereas in a private limited company, one shareholder may transfer his shares to another, but the company still continues to operate.
Other the other hand, sole proprietorship is an entity whose existence depends on the life of its members and death or any other contingency may lead to the dissolution of such an entity.
One or more person can join together a start a partnership firm. The partnership firm is formed as soon the parties enter into the partnership deed
