Benefits of Private Limited Company Registration in Online India



Benefits of Private Limited Company Registration in Online India

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The advantage of a Private Limited Company registration is that it is a separate legal entity and can take up various projects. It allows owners to sell their shares to the public, which can be beneficial in raising funds for the business. The company also offers limited liability to its shareholders, meaning that the personal assets of the shareholders are not at risk if the business fails. Additionally, a Private Limited Company is not required to disclose its annual report to the public, which helps maintain secrecy and allows the company to avoid any unwanted publicity.

In addition to this, a PrivateLimited Company Consultant has more credibility in the market as it is registered with the Ministry of Corporate Affairs (MCA). Anyone can verify the details of the Private Limited Company by visiting the MCA website. This will help potential clients and investors feel confident about doing business with the company.

Another benefit of a Private Limited Company is its perpetual succession, which means that the company will continue to exist even after death or bankruptcy of its members. This makes it a good option for businesses that require a lot of stability.

The process of converting a proprietorship to a Private Limited Company involves obtaining the necessary documents, such as the DIN and DSC. The DIN is a unique identification number that is assigned to directors, while the DSC is a digital signature certificate. FilingPoint Consultants provides all the legal services to set up a private limited company including ROC visits and completing all the mandatory paperwork Once these documents are obtained, the process of converting a proprietorship to an online Private Limited Company is quick and easy.

 

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