Private-Limited-Company

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Private limited company

Private Limited Company registration is the most popular form of a "legal structure" for all businesses in India.

A private limited company can have a minimum of two members and a maximum of fifty members.

The directors of a private limited company have limited liability to their creditors and Banks/Creditors are allowed to sell only the assets of the company (when there is a scenario of default).

The creditors do not have the authority to sell the personal assets of directors. Do ensure that your company is registered, for starting a company in India.

"Company Registration" is the foremost mandatory step for the beginning of a new venture.

The private limited company registration process is very important, as it provides authenticity to your proposed business structure. Though you need to make sure that you have all the required "Private limited company registration documents".

In the long run, the registration will provide you a great number of advantages such as "from registering in a hassle-free manner to dissolving easily also."

"Start-ups and growing companies" prefer the tag of a "Private limited company".

Registration Benefits

Protection Of Personal Assets of The Partners:
In the case of a Private Limited Company's shareholders, they tend to have limited liability.
So if you are a shareholder, then you will be considered liable to pay the liability of the company. But only to the limit of your contribution in the company.
LegalRaasta's experts in company registration experts can help you in better understanding the "Private limited company registration process in India".

A Private Limited Company is Separate Legal Entity in the Eyes Of The Law:
In other words, the partners/owners of a PLC, are a completely different entity according to the Indian constitution.
So indirectly a company will be upheld for efficient management of it's debtors and creditors, assets and liabilities.

You Can Raise Capital Easily:
A private limited company, which is registered in India, must meet a certain number of compliance requirements.
This form of company structure is largely preferred by entrepreneurs.
Because it helps them to raise the necessary funds via equity. It also allows them to expand and limits their personal liability.

It Comes With The Benefit Of Continuous Existence:
It has the most important benefit, which is known as "Perpetual Succession".
It means that it's existence will be continuous until it is legally dissolved.
Due to it being a separate legal entity, it remains unaffected by the departure or death of any member.
Even though there may be a change in existence, it will continue it's existence.

Advantages

Preferred by banks, VCs & investors.
Easy to allocate and redistribute shares to other directors/ people who have invested money in the company.
Acts as a separate legal entity which limits your liability.
Offers the flexibility of a partnership firm and the advantages of a Public Ltd Company.
Easy to register, manage & run.
The company can be very smoothly dissolved.