Private Limited Company Registration

What Is Private Limited Company?

Private Limited Company Registration is suitable for STARTUPS looking for Funding and Long term Growth.
A private limited company is a type of privately held small business entity which limits owner liability to the amount of share capital, limits the number of shareholders to 200.
With registration, MyCorporation.in offers real-time updates, Compliance Support, FREE Accounting and Invoicing Software with FREE Legal Consultation.

Why Choose Private Limited Company?

There are several reasons why more individuals choose to register private ltd companies.The advantages of a private limited company include: A Private Limited Company is a legal entity. the company's finances are separate from its owner's finances. Protection from personal liability to Limited company owners.

Advantages
One advantage of owning a private limited company is that the financial liability of shareholders is limited to their shares. Therefore, if a private limited company will be in financial trouble and need to close the Company then shareholders will not risk losing their personal assets.

Disadvantages
Disadvantages of owning a private limited company are: Shares cannot be sold on a public stock exchange. Limited growth and restricted number of shareholders.

Documents Required For Private Limited Company Registration

1 : PAN (Permanent Account Number) of all proposed directors / Share Holders.

2 : Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors / ShareHolders.

3 : Latest passport size Photographs of all directors / Share Holders.

4 : Registered Office Address Proof - Electricity Bill along with Rent Agreement OR Ownership proof OR NOC

5 : Additional Address proof all directors / promoters with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement

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Private Limited Company Registration
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