Separate Legal Entity
Private Limited Company Registration is suitable for STARTUPS looking for Funding and Long term Growth.
A private limited company is a type of privately held small business entity which limits owner liability to the amount of share capital, limits the number of shareholders to 200.
With registration, MyCorporation.in offers real-time updates, Compliance Support, FREE Accounting and Invoicing Software with FREE Legal Consultation.
There are several reasons why more individuals choose to register private ltd companies.The advantages of a private limited company include: A Private Limited Company is a legal entity. the company's finances are separate from its owner's finances. Protection from personal liability to Limited company owners.
One advantage of owning a private limited company is that the financial liability of shareholders is limited to their shares. Therefore, if a private limited company will be in financial trouble and need to close the Company then shareholders will not risk losing their personal assets.
Disadvantages of owning a private limited company are: Shares cannot be sold on a public stock exchange. Limited growth and restricted number of shareholders.
PAN (Permanent Account Number) of all proposed directors / Share Holders.
Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors / ShareHolders.
Latest passport size Photographs of all directors / Share Holders.
Registered Office Address Proof - Electricity Bill along with Rent Agreement OR Ownership proof OR NOC
Additional Address proof all directors / promoters with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
Apply for Digital Signatures
Apply for DIN
Incorporation Form SPICe
Incorporation Certificate with PAN and TAN
|Private Limited||Limited Liability Partnership||One Person Company||Partnership Firm||Sole Proprietorship|
|Recommended For||Start-ups and growing||Professional services firms||Sole promoters||Home businesses||Small traders|
|Ease of Accommodating||Very easy to accommodate||Possible, but unlikely||Possible, but severely||Almost impossible||Impossible|
|Limited Liability Protection||Yes||Yes||Yes||No||No|
|Tax Advantages||Few benefits||Most efficient||Few benefits||Minimal||Minimal|