5 Reasons why Registering Private Limited company registration Is a good very idea! ( Company Registration as Private limited)

Are you a startup planning to be a unicorn take the first register your private limited company .

India is destined to be the next startup hub , silicon valley will be replaced by Indian cities such as Bengaluru , Chennai , Gurugram for which registering as a private limited is the best choice as the liability is protected

Registering a private limited has become an easy and transparent process where the government has reduced and relaxed the fees to near 0 to enable all startups to register as Private limited companies

Sources: http://www.mca.gov.in/

Registering a company is the only best way to start a business in India, but there are many other ways to start your business in India,

The easiest way to start your own business is to GST Registration but it comes with a rider unlimited liability, so registering a private limited is the best

 Here are four steps that need to be followed to start your entrepreneur journey in India

• Choose a company name, file for RUN form with MCA( Ministry of Corporate Affairs)
• Prepare the Documents such as INC 9, Declaration, Rental Agreement and NOC form Owner
• After Name approval & Documentation, file the SPICE 32 along with MOA& AOA
• Get Certificate of Incorporation along with PAN & TAN

Now, here are five reasons why you should register your company as a private limited to start your startup business in India.

1. It’s not a Costly affair: Government has introduced ZERO fees incorporation, meaning we pay for PAN , TAN , DSC and Profession Fees along with Stamp duty of the state which is far lower than the previous regimens and rules, startup need to make use of it

2. COMPANIES ACT COMPLIANCES ARE HASSLE FREE: Once you are registered as a private limited company, then you are bound to follow the free flowing and easy to comply binding provisions of the Companies Act

3.THE COMPLIANCE IS HASSLE FREE: To get on top of the business, you must be free in all senses with all the focus on the prime objective. However, this is not true when you choose the company as your form of business. Contact us  at + 91 9962230333 in case of any difficulty in filing

4.THE CLOSURE COST: In India, it is easy to start but difficult to exist. Closing a private limited company is not easy. If you have carried on the business for some time and now you want to close it, then you might have to do a lot of hard work5

5.FUNDRAISING MADE EASY: All angel investors, fund houses will want a corporate structure to protect their investment hence they present only a private limited company as an option to name few successful start up in investor have played a major role ( Flipkart ,OLA , Swingy and list goes on )

Conclusion

As fund raising and business expansion is the primary motive is the primary objective of any company its to start in the correct structure form day than regret later where there are cases where ROC does not grant Name approval if some one has already taken the name .

As the proverb goes , “prevention is better than cure “ the new proverb for business “ Start with the correct structure it the prevention , then regret later and search for a cure”

All the very best to all entrepreneur

For assistance please contact us on +91 99622 30333