Private Limited Company is the most preferred business structure in India. Manufacturing companies, Product and Service based businesses, Start-ups and even Non-profit Organizations register their business as a Private Limited Company. A Private Limited Company is the preferred choice for Angel Investors, Venture Capital Investors and other Fund Managers as it provides them all the benefits and comfort that other business structures do not provide.
In India, a company in which the shares are held privately by one person or a group of people who have limited liability is commonly known as a private limited company. When the shares are held by only one person it is known as One Person Company (OPC), when the general public can hold the shares of a company then it is called a Public Limited Company and finally when the shares are held by a few people privately then it is called a Private Limited Company.
The first step in starting your business requires registering a Private Limited Company. And because of that Bright Accounts, offers a budget-friendly service to streamline the registration process for your company.
Bright Accounts will manage all the legal formalities, guide you in the legal formalities ensuring adherence to the strict regulations set by the Ministry of Corporate Affairs (MCA).
Upon the successful completion of the private limited company registration process, Bright Accounts will furnish you with an Incorporation certificate (CoI) along with PAN and TAN documents.
With the help of these documents, you can effortlessly set up a current bank account and kickstart your business operations.
At Bright Accounts, we ensure a smooth transition from registration to the practical steps necessary to get your business up and running.
Bright Accounts has compiled a detailed list of documents that are required to register a Private Limited Company. Speak to our experts for any queries.
At Bright Accounts, we have simplified the entire registration process of a Private Limited Company into 3 simple steps. This makes your journey smooth, structured and easy.
Following the successful verification of documents, Bright Accounts ensures a seamless process for the issuance of Certificate of Incorporation from the Ministry of Corporate Affairs (MCA). The COI includes essential details such as the Company Identification Number, PAN and TAN.
When you register your business with the help of Bright Accounts, you not only get the items mentioned on the side, you also get a friend who advices, guides and helps you grow into a great business.
Investors find Private Limited companies appealing due to their well-structured nature and fewer complications. Importantly, the ease of exiting from a private limited company adds to its attractiveness for potential investors.
Private limited companies enjoy broader access to funds for expansion. This includes bank loans, venture capital, and crowdfunding, as investors perceive these companies as having lower risks. Another avenue for capital infusion is through the sale of shares in your business, even though public sales of shares are not permitted.
Shareholders of a private limited company benefit from a key advantage that their responsibility is limited to the extent of their capital contribution.A private limited company provides a crucial layer of protection.This advantage significantly reduces the risk of personal assets being seized to settle business debts in the unfortunate event of business failure.
When you register your private limited company with MCA, your business name is protected and cannot be used by any other business. This level of protection makes each company’s name unique and protected. It also prevents other businesses from copying or imitating your business name.
A private limited company is perceived as more substantial than businesses run by a sole trader. When customers place orders or award contracts, they want to be confident that the supplier has the resources to provide a reliable service.
Private limited company is a widely recognized and preferred business structure. Corporate customers, vendors, and government agencies show a preference for engaging with a Private Limited Company over proprietorships or regular partnerships. Including "Pvt. Ltd." in the company name frequently inspires greater confidence and trust among customers, suppliers, and partners.
This checklist includes everything that you would need to open a Private Limited Company. These are mandatory requirements.
After consultation and review of required documents by a Bright Accounts expert, the incorporation process takes between 7 to 10 working days.
Confused between Private Limited, Partnership or LLP? Speak with an expert.