Company Registration Company Registration is the best corporate structure to start your own business. It can be registered with minimum two members and maximum with two hundred members.
1. Private Limited Company Private Limited Company, is the best corporate structure to start your own business. If you wish to set up a business entity with one or more person and also want to raise money then Private Limited Company will be suitable for you.
2. Limited Liability Partnership (LLP) In case you have enough money for investment and want the limited liability in the business then you should go for Limited Liability Partnership.
3. One Person Company (OPC) If you wish to set up business with 100% control without any director then you should go for One Person Company Registration.
What are the Documents Required for Company Incorporation? Following documents are required for Company incorporation: • • • • • • • •
Passport-sized photograph of all the proposed directors in a Company. Copy of Identity Proof such as Voter’s ID/Passport Copy of PAN Card Copy of registered office proof such as: Bank Statement Telephone Bill Electricity or Gas Bill Notarized Rental Agreement and No-objection Certificate from the property owner
Benefits of Company Registration to Entrepreneurs • • • •
Bank Account Obtaining Finance Reputation among Customers Human Resources
Advantages of Company Registration • • • •
Limited liability of directors and shareholders A private limited Company has a separate legal entity which means it is separate from its directors and shareholders. In a Private Limited Company, shares are freely transferable. The registered company enjoys the borrowing capacity.
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