Private Limited Company Incorporation
Private Limited Company Incorporation
A separate legal entity with limited liability for shareholders refers to a corporation, which is recognized by law as an independent entity distinct from its owners. This means that the corporation can own property, enter contracts, sue, and be sued in its own name. Shareholders' personal liability for the corporation's debts and obligations is limited to their investment in shares, protecting their personal assets from business liabilities. This legal structure encourages investment by reducing financial risk for individual shareholders.
Pros:
- Limited liability protects personal assets of shareholders.
- Fus Easier to raise capital through shares.
- Enhanced credibility and brand image.
Cons:
- More complex compliance requirements and regulations.
- Higher incorporation costs.
Document Required For Private Limited Company Registration
- Identity Proof
- Address Proof
- Director Identification Number
- Digital Signature Certificate
- Memorandum of Association
- Articles of Association
- Declaration by Directors & Subscribers
- No Objection Certificate
- Shareholding Pattern of the Proposed Company
- Proof of Registered Office Address
