Benefits of Private Limited Company Registration in Online India



Benefits of Private Limited Company Registration in Online

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Creating and starting up a new business is one of the most exciting, scary, yet challenging endeavors. There are various things to consider, from the type of business to the structure of the company. The latter has a huge impact on how taxes will be paid, paperwork required and personal liability of the founders. There are several ways to structure a business and amongst the most popular ones are a sole proprietorship, partnership, and private limited.

In addition to this, a PrivateLimited Company Consultant has more credibility in the market as it is registered with the Ministry of Corporate Affairs (MCA). Among the many structures, a private limited company offers the most benefits. It has the potential to separate the personal assets of its directors and shareholders from its debts and liabilities. As such, it is a preferred structure for people looking to take on risks and invest in their business.

The first thing to do is to get your company registered. This can be done through an online portal provided by the Ministry of Corporate Affairs (MCA). A DSC must be obtained for each director along with a DIN (Director Identification Number) for subscribers to file MOA and AOA. The next step is to reserve the name of the company.

After the company is registered, it gets a legal existence and can open bank accounts, own assets, and enter into contracts with parties. It also gets access to loans and can file government tenders. Additionally, a registered company can build public confidence and details of it can be checked on the MCA's website.

 

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