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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.
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.
Private limited company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs. This wide ranges of options amke it more profitable to run a private limited company
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. Morover decision making authoriity is with limited people which reasults into less flutuactions..
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 as motivate them with corporate designations and stock options. More offerings make it more attractive
Private Ltd. is easy to sell, very less documentation and cost is involved in selling a Private limited company. Therefore desolution of a private limited company is easier and cheaper as compared to other forms of company in the field. And so it is easy to deal with.
A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.
The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.
There is no minimum capital amount for a company. A company should have an authorized capital of at least ₹1 lakh.
The registered office of a company does not have to be commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.
All the director/shareholders are required to provide their PAN at the time of registering LLP. PAN card acts as a primary ID proof.
Latest Passport size photograph of Shareholders and Directors Is required for the further process
Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
Latest Electricity Bill/ Telephone Bill of the registered office address.
In case of NRI or Foreign National, documents of director (s) must be notarized or apostilled.
We are one of India’s highest rated service provider, we are know for completing Business incorporations and other compliance services in record time, don’t have to believe us, read it by yourselves
EazyStartups is a startup India registered company
The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.
If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
All directors must provide identity and address proof, as well as a copy of the PAN card (for Indian nationals) and passport (for foreign nationals). No-objection certificate must be submitted by the owner of the registered office premises.
Register your One Person Company with Eazy Startups and start your business operation in just a matter of a few days. Our experts will guide you through.
Get your Private Limited Company registered today with Eazy Startups and get your business running in less than two weeks. We are here to assist you throughout the process.
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