The person who starts the business should select what kind of business/company
They are many kinds of business for example
- Private ltd: starts business with a minimum paid-up capital
- Limited liability partnership (LLP):in a limited liability partnership the partner's liability is limited
- One Person Company: it is one person who starts the business without any partners
- Sole proprietorship: suits for a single entrepreneur who wants to start a business
- Partnership: two or more persons start the business Together
Pvt Ltd Company Registration in Bangalore there are many companies to register and consultry is one of the top companies in Bangalore to register private ltd company. And it’s ruled by the Ministry of company affairs (MCA) and controlled by the business act 2013 and also the firm’s incorporation rules 2014, and consultry is the best for private company registration services in Bangalore
What do you mean by private ltd companies?
Private ltd company’s means: According to section 3 sub section1 of the company’s act 1956. A company with a minimum paid-up capital of 1 lakh or higher paid-up capital as desired by its member are shareholders is called a private company
However, the articles of private company restrict the company
- a) The right to transfer its share
- B) Minimum number of member’s 2and maximum numbers of members 200
- C) The word private ltd must be added to the end of its name by private ltd company
Private ltd company registration in Bangalore
Consultry is one of the topmost company registrations Bangalore.
What are the advantages of a private ltd company?
While starting a business person should aware of the advantages and disadvantage of the business here some advantages of a private ltd company
*limited liability: as company owners are not legally forced to pay outstanding company debts and it protects the personal assets
*Professional status: A limited company is usually seen more professional operation than the unincorporated sole trader
*Tax efficient income: An ltd company can be a tax-efficient way to pay you
*Protect your business name: when you register your company name in the registered office you are protected and other businesses/companies cannot use the name or logo etc.
*Raising capital: you can raise your capital by issuing shares to the public and that can improve or grow your company capital investment
What are the disadvantages of private ltd companies?
*Legal requirements: There are required lots of requirements such as completing/maintaining annual accounts
*Getting paid: like a sole trader who takes his money out of his business without any permission/restriction but not in private ltd company it is more complicated he has to make legally transfer money to him in the form of salary or dividend he doesn’t have rights to use company income for his personals
*Setting up and closure: starting a private limited company in simple form but you need to register with register office and to inform HMRC and have to pay some certain amount/ fees. And if you are willing to close your private ltd company you have to apply for to bring to an end the business and you have to 3months.
How to get a Private Limited Company Registration in Bangalore?
Are you looking to get Private Limited Registration Consultants in Bangalore? Here is the topmost company called consultry at a reasonable price with providing a high standard