Private Limited Company

Private Limited Company

Anyone looking to launch their firm and give it its own legal identity should consider forming a private limited company. This kind of company structure caps the number of shareholders at 50 and restricts owner responsibility to their shares.

A private limited company must be registered with the involvement of two directors and shareholders at the very least.

In order for a business to raise equity capital from individuals or organizations interested in becoming shareholders, it is necessary for entrepreneurs to establish a private limited company in order to raise funds from angel investors, venture capital firms, and private equity firms.

Separate Legal Entity: Legal recognition distinguishes a private limited business from other entities. Thus, a business may use its own name for its PAN, bank accounts, contracts, licenses, approvals, assets, and obligations.

Documents Required for Company Registration

Documents for Directors: It will be necessary to provide two identity proof documents, such as an Aadhar card, Pan card, passport, driving license, or any other identity document issued by the government.

The directors are required to present proof of domicile, which must be at least three months old and consist of bank statements, energy bills, water bills, gas bills, and phone bills, in addition to their identity verification.

Documents for Registered Office: If there is a copy of the registered office property's water bill, property tax receipt, or EB bill, along with the lease document for the registered office space. If the property is owned, a copy of the sale agreement and the water bill, property tax receipt, and EB bill, as well as a copy of the registered office property

Chokurei Tax Partners can incorporate a business in within 15 days, depending on how quickly the government processes the necessary paperwork.

For a very reasonable fee, Chokurei Tax Partners will assist you with accounting and ensuring that your business is in conformity with the law.