Private Limited Company

Posted by Lawbuddy India on November 27th, 2020

A Private Limited Company in India is a business entity registered for pre-defined objectives and held by small group of people called shareholders. Private Limited Company is preferred by Startups and businesses with higher growth potential and aspiration. 

As it pertains to starting a new business in India, beginning with the right business structure is critical. There are multiple options available in for starting business in India and each structure provides different value while having its own drawbacks. Therefore, it can be a balancing act to choose the right one among them.

This article aims to provide clarity about different business structures for starting a business in India, their requirements, advantages and disadvantages etc. However, you must decide what structure you want for your new business based on your unique business requirement.  If you are still unsure, consult business service professionals like us to help decide the best structure for your new business in India.

Some of the criteria to consider while starting a new business in India are as follows:

Starting the Business

a) Ease of Starting the Business
b) Size of the Business
c) Investment

Running the Business

a) Liability
b) Legal Compliances
c) Audit Requirements

Growing the Business

a) External Funding
b) Growth Potential

The process of forming a business start up in India differs for partnerships, companies, and proprietorship. Some of the steps required in forming business in india are:

1. Business start-up incorporation services / Choosing the most suitable form of business entity
2. Application for Directors Identification Numbers and DSC  
3. Drafting of partnership deed / Memorandum of Association / Articles of Association
4. Submission of the MOA and AOA to the Registrar of the Companies
5. Tackling all the queries of ROC or the concerned authority
6. Business Registration Services

It is now simple to start a private limited company in India. We at LawBuddy provide professional consultancy to help start new businesses. We provide comprehensive service to business start ups in India to form the company.

Call us for forming business start up in Delhi, Mumbai, Chennai, and other top cities of the country. Whether you are looking to start a private limited company, Proprietorship, partnership or one person company, we provide the fastest turnkey solutions for you at the most competitive rates.

We are handling incorporation and registration services for corporate and non-corporate business start ups in Bangalore, Hyderabad, Pune and other industrial cities. With our business and, we are able to offer following services at a rapid pace without missing on any formality and document requirements.

We are well-versed with all the legal requirements to set up any type of business entity. Our reliable and economic business registration services are allowing our clients to run their business smoothly.

With our business formation services, we give a perfect start to your valuable business. We offers proven Business incorporation services, Business start up in India.

As you start your new venture, we help you get essential registrations and compliances without any hassle.

Call us at + 91 9311530397

Contact us at contact@law-buddy.in

Website - https://law-buddy.in/