The first step before starting a startup is to decide the legal structure in which form you want to run the business. The most preferred legal structure for a startup depends on various factors such as the nature of the business, funding requirements, liability concerns, and long-term goals. However, considering the funding perspective, VC’s and other investors considers private limited companies as the most preferred legal structure for Startups.

In India, there are several types of companies that can be formed based on their legal structure and ownership. Here are the most common types of companies in India:

• Private Limited Company Registration
• One Person Company (OPC) Registration
• Limited Liability Partnership (LLP) Registration
• Section 8 (NGO/Foundation) Company Registration
• Public Limited Company Registration
• Nidhi Company Registration
• Farmer Producer Company Registration

The decision of whether to form a private limited company or a Limited Liability Partnership (LLP) depends on various factors such as the nature of the business, the size of the business, and the long-term goals of the promoters. Both private limited companies and LLPs have their own advantages and disadvantages. But if you want to raise the funding or investments in the coming future from Angel Investors, Venture Capitalists, etc. than the entrepreneurs should go with the formation of private limited company as in LLP there is no equity shareholding and hence VC’s would not prefer to invest in LLP structure. Also, if you want to issue ESOP’s to your employees that can be possible only with the structure of private limited company.

Private Limited Company registration will approximately costs around INR 12,000 to INR 15,000 in India but with Taxeasy you can register your private limited company with cost as low as INR 7,999. Our this package includes company name approval assistance, Certificate of Incorporation (COI), PAN of Company, TAN of Company, MOA of Company, AOA of Company, DIN for 2 directors, DSC for 2 directors, ESIC registration, EPF registration, Company master data listing with 1 lakh of authorized & paid up capital and this package is inclusive of all government fees.

Forming a private limited company can provide several advantages to entrepreneurs and business owners, making it an attractive option for those looking to establish a formal business structure. Multiple benefits of registering a private limited company includes:

• Easy transfer of ownership: The ownership of a private limited company can be easily transferred by selling or transferring shares, making it an attractive option for investors
• Limited Liability: Liability of its members is limited to the amount of their investment in the company
• Separate Legal Entity: A private limited company is a separate legal entity from its members, which means that it has its own legal identity and can enter into contracts, own property, and sue or be sued in its own name
• Perpetual Existence: A private limited company has perpetual existence, which means that it continues to exist even if its members change or if there is a change in ownership
• Access to Capital: Private limited companies can raise capital by issuing shares or taking loans from banks and financial institutions, making it easier to fund growth and expansion
• Tax Benefits: Private limited companies enjoy several tax benefits, such as deductions for business expenses, which can help to reduce the tax liability of the company
• Professional Image: A private limited company is considered to be a more professional and credible business entity, which can help to attract customers, suppliers, and investors

To register a company/LLP in India, required forms and documents as per the Companies Act, 2013 is to be submitted to the Ministry of Corporate Affairs (MCA) for approval. Company/LLP incorporation procedure involves:

• Company/LLP Name Approval
• Obtain Digital Signature Certificate (DSC)
• Obtain Director Identification Number (DIN)
• Drafting of Company’s MOA & AOA
• Submission of Company Incorporation Application
• Issuance of Certificate of Incorporation (COI)

For the Directors & Shareholders

• Copy of PAN Card
• Copy of Aadhar Card
• Address Proof (Bank Statement, Electricity bill, Gas Bill, Phone Bill- Any one, not older than 2 months)
• Photograph

For Company

• Business Address Proof (Electricity Bill, Gas Bill, Fixed line bill-Any one not older than 2 months)

Company incorporation/registration is a whole online process. You just have to submit the requisite documents and our team of experts will take care of the further process.

Register your company effortlessly with Taxeasy- Top rated Company Consultants in India. Just get in touch with our team of experts @ 91-9936818000 or 91- 9555400354

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