-
October 12, 2018
There are various types of limited Companies which can be incorporated adhering to requirement of business and the size of operations involved.
LLP has a blend of limited liability feature of a Company and flexibility of Partnership Firm. No Partner is liable on account of un-authorized actions of other Partners. The mutual rights and duties of Partners shall be governed by the Agreement between LLP and the Partners. LLP form of organization is usually preferred by Professionals, Micro and Small businesses that are family owned or closely-held.
Private Limited Company is a type of company that offers Limited Liability or legal Protection to its shareholder. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.
Public Limited Company can either be an unlisted Company or listed Company on the Stock Exchange. Public Limited Companies also enjoy wide options to raise funds through bank loans, the general public, and Institutional investors.
The concept of OPC opens up new business opportunities for Sole Proprietors and Entrepreneurs who also wish to enjoy the advantages of limited liability, and a separate legal entity as well. OPC does away the hassles of finding the right partner for starting a business as the registered entity. It requires only one person who will act as a member, shareholder, and director.
The main process in incorporation involves:
Step 1: Obtain Digital Signature Certificate
Step 2: Obtain Director Identification Number
Step 3: Name Availability Application
Step 4: Form SPICE INC-32 / FILLIP
Step 5: MOA and AOA
Step 6: PAN and TAN Application
About EbizFiling.com :
EbizFiling.com is a motivated and progressive concept conceived by like-minded people, which helps small, medium and large businesses to fulfill all compliance requirements of Indian Laws.
Get in touch for a free consultation on info@ebizfiling.com or call 9643203209.
About Ebizfiling -
July 26, 2024 By Komal S
Franchise Agreement Renewals: What You Need to Know Introduction Franchise agreements serve as the backbone of successful business ventures, providing a legal framework for both franchisors and franchisees. In India, the franchising industry has witnessed remarkable growth in recent years, […]
July 5, 2024 By Team Ebizfiling
How Partnership Agreements Impact Bookkeeping and Accounting? Introduction Partnerships are a popular form of business arrangement where two or more individuals come together to establish and operate a business. In such cases, bookkeeping and accounting along with accounting procedures […]
June 5, 2024 By Team Ebizfiling
OPC Registration for Service Providers: A Step-by-Step Guide Introduction In India, One-Person Company (OPC) registration has become a popular choice for service providers looking to establish their businesses. This business structure offers the advantages of limited liability and separate […]