5 SIMPLE STEPS to Start Private Limited Company in India
Arrange basic documents of Directors
BMC will apply for DSC (Digital Signature) of Directors
BMC will Prepare MOA, AOA & other Legal documents
BMC will File INC 29 or Incorporation Docs with ROC
Get your Company Incorporation Certificate
ADVANTAGES & BENEFITS
Why to Register Private Limited Company
Limited Liability Protection to Directors personal assets
Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a private limited company, only investment in business is lost, personal assets of the directors are safe.
Better image and credibility in Market
Private limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.
Easy to raise funds and loans
Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.
Favorite Business structure for Investors
Investors love to invest in Private Limited companies as it is well structured and less strings attached. Most important it is very easy to exit from a private limited company.
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 and stock options.
Easy to Sell
Private Ltd. is easy to sell, very less documentation and cost is involved in selling a Pvt. Ltd. company.
MINIMUM REQUIREMENTS for Company Registration
Minimum 2 Shareholders
Minimum 2 Directors.
The directors and shareholders can be same person.
One of the Directors must be Indian Resident
Minimum Authorised Share CapitalRs. 100,000 (INR One Lac).
DIN (Director Identification Number) for all Directors
DSC (Digital Signature Certificate) for one of the Directors
WHAT ALL YOU GET with Company Registration
DIN for 2 Directors
Digital Signature Token for 1 Director
Company Name Approval
MOA + AOA
Incorporation Certificate
New Incorporation Kit
Customized Incorporation Master File
Company PAN Card
Company TAN/TDS Number
1Bank Account Opening Document Support
1Domain Name for 1 year + Web Hosting + 50 Email Ids for 1 year OR
QuickBooks Online Accounting Software for 1 year