One of the highly recommended approaches to initiate a business in India involves establishing a private limited company, which grants limited liability to its shareholders and imposes specific ownership restrictions. In the case of an LLP, the management is handled by the partners. Conversely, a private limited company allows for a separation between directors and shareholders.
TERA TERA TAX ADVISOR, serving as your reliable legal advisor, offers a cost-effective service to register your company in India. We take care of all the legal procedures and ensure compliance with the regulations established by the Ministry of Corporate Affairs (MCA). Upon successfully completing the registration process for a private company, we provide you with an Incorporation Certificate (CoI), along with PAN and TAN documents. Equipped with these documents, you can easily open a business bank account and commence your operations.
Advantages & Benefits
Separate Legal Existence
Operating a company through a bank account allows it to own assets, enter contracts, and potentially sue third parties for defaults.
Easy Bank Finance
Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.
Good Market Credibility
Private limited company is a well-known business structure preferred by corporate customers, vendors & government agencies over any other structure.
Startup India Benefits
Pvt. Ltd. Company can avail Startup India benefits like Income tax exemption for 3 Years, Self certification facility, Seed Funding support & many other benefits
Protects Personal liability
Directors of a company are not personally liable for the company’s obligations or debts. Their liability is limited only to the capital subscribed by them.
Easy to wind up
Private Ltd. is easy to wind up in case of loss or insolvency due to its fast-track exit route, minimal documentation and cost.