Benefits of Private Limited Company Registration in Online
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When a business venture starts it needs to get registered with the Ministry of Corporate Affairs (MCA) in order to operate smoothly. The registration process is not only necessary but it offers several benefits to the company.
When you register your business as a Private Limited Company Consultant, you will become a separate legal entity. This will help you to separate your personal assets from the liabilities of the company. Additionally, it will be easier for you to raise funds and open bank accounts. Furthermore, you will have the option to convert your company into a public limited company by issuing an IPO.
A major advantage of a Private Limited Company is that the directors and shareholders have limited liability. This means that if the Company goes bankrupt, only the Company's assets will be utilized to pay off any debts or other issues. This will protect the personal assets of the directors and shareholders.
Another major advantage is that the company is eligible for tax benefits. This includes deductions and exemptions. Additionally, the company may be able to apply for GST registration.
In addition to the above, a private limited company will also need to submit a Digital Signature Certificate (DSC) and DPIN/DIN, MOA, AOA, ID Proof, Passport Size Photographs, and Address Verification Document. Once the documents have been submitted, you will receive a Certificate of Incorporation from the MCA. This can be used to open a bank account, obtain business licenses, and apply for government schemes.
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