Private Limited Company Registration
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Private Limited Company Registration
An individual, (Indian or Foreign Citizen) who desires to start a business is required to choose a business structure to form an entity. Business structure can be in different forms such as proprietorship, partnership firm, limited liability partnership, private limited company, public limited company, etc. After deciding the appropriate business structure, one looks into the registration process and other aspects of incorporation.
In this blog, we’ll help you to understand the benefits and basics of Private Limited Company Registration.
Benefits to register as a private limited company:
- Restricted Liability: – Restricted liability refers to limited liability that protects the shareholders’ or owner’s personal assets against the company’s liability and debt. For example, the shareholder’s personal assets are safe if a company faces a financial crisis or legal issues.
- Uninterrupted Existence: – This concept belongs to the continuity of business. Shareholders may come and go but the company shall continue as a separate legal entity. The company’s structure doesn’t affect if the shareholder changes or transfers the shares which provides stability in the long run.
- Investment Opportunities: – Private limited company provides various investment opportunities in the form of equity investment, angel investment, venture capital, etc. Investments may vary based on the factors such as business structure, business model, and market conditions.
- Tax Advantages: – Private Limited companies enjoy various tax benefits such as lower corporate tax, and various tax deductions in the form of business expenses such as rent, salaries, marketing costs, etc. that reduce the company’s taxable income.
- Transfer of Ownership: – In the case of a private limited company, it is easy to transfer the title in comparison to other business structures. Shares can be bought or sold, allowing for a smooth transition of ownership and facilitating business succession planning.
The following are the documents or information required to register a private limited company:
- Choose a unique name.
- Required documents like identification proof, address proof, and passport-size photos of proposed directors and shareholders.
- Digital Signature Certificate.
- Director Identification Number.
- Rent agreement or lease agreement as the case may be.
- Authorized or paid-up capital.
- Shareholding pattern.
Komplytek provides the following Services: –
Regulatory Services
- Business Name Registration.
- Certificate of Incorporation.
- Digital Signature Certificate.
- Director Identification Number.
- Shops and Establishment Registration.
- Filing of Spice Forms.
- Memorandum of Association (MOA) and Articles of Association (AOA).
- Drafting of Documents and Agreements.
- GST Registration.
- TAN Registration.
- PAN Registration.
- Registration with regulatory authorities
Finance and Operational Services: –
- Accounting and Book Keeping.
- Accounts Payable and Receivables.
- Accounts Reconciliation.
- Finalization of Accounts.
- Internal Audit.
- Statutory Audit.
- Tax Audit.
- Tax Planning and Compliance.
- Transfer Pricing.
Payroll and HR: –
- Payroll Management.
- Salary Payouts.
- Payroll tax compliance.
- Social Security compliance.
- Employee Self-Service Portal.
- HR Policy and Advisory & Implementation.
- Employee Personnel files and data management.
- Employees’ Tax Returns.
- Onboarding and Exits Management.
- Employee time & Expense Management.
With the rise in the complications of businesses, entities across the globe are seeking an amplified control structure for regulatory compliance, financial reporting, HR, and Payroll services with faster turnaround time. Our team of professionals and legal experts will help you to provide a custom-made solution according to the nature, size, structure, and business goals of the organization. We help our clients in identifying gaps in their existing compliance processes, policies, and controls and recommend the best suited solution for their business growth and productivity.
For queries and help in company registeration get in touch with KomplyTek today!
