A private limited company is a type ofprivately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.
|1 Separate Legal Entity and perpetual succession.||1 Additional compliance under Companies Act.|
|2 Risk, Losses, Debts are limited to the company assets..||2 Higher incorporation cost as compare to Sole Proprietorship.|
|3 Attract funding and financial institutions for borrowing.||3 Cannot attract Public Funding and lssue prospectus.|
|4 Easy to sell the company and transferability of shares as per AOA.||4 25% flat would be the Income Tax on Taxable Income. No slab benefit.|
Having worthy idea and need source of funding, must start with private limited company.It will give you additional cost of compliance but worthy for growing. Additional opinion please contact with our advisor at zero fee.
|1 Copy of PAN Card of Shareholders and Directors||2 Copy of Aadhar / Voter ID / Passport /Driving License/etc.|
|3 One passport size photo of both Shareholders and Directors.||4 Copy of Electricity Bill for address of Business.|
|5 Additional Details – Firm Name, Nature of Business, etc.|
Generally it takes 10-15 Days for registration. Name will be granted in 2-5 Days and rest for registration of Company