A Private Limited company can be incorporated within 15 working days.
A Private Limited Company is one of the popular forms of business entity in India. These companies are governed under the Companies Act, 2013 by the Ministry of Corporate Affair (MCA). It is a registered corporate structure, that provides a business with a separate legal identity from its owners. Start-ups and growing companies are always recommended to register as a private limited company as it allows outside funding to be raised easily, and limits the liabilities of its shareholders.
A Private Limited company can be incorporated within 15 working days.
Minimum 2 members required to incorporate Private Limited Company
Minimum Authorised Share Capital 100,000 (INR One Lac)
The Tax rate for a company incorporated in India is the lowest in the world.
One Person Company is a private limited company consisting of only one shareholder who is also the director of the company. The sole proprietorship is the simplest business form under which one can operate a business but the sole proprietorship is not a legal entity. OPC is a hybrid of Sole-Proprietorship and Corporate forms of business. OPC Registration opens up new business opportunities for sole proprietors and entrepreneurs who also wish to enjoy the advantages of limited liability and a separate legal entity as well.
Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. In a very short period LLP has become a preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organization.
After LLP (Second Amendment) Rules, 2018, Incorporation of LLP has become much easier than earlier.
Lower Cost and Compliance to incorporate than a private limited company.
Minimum 2 members required to incorporate Private Limited Company
A Non-Profit Organization having charitable objects such as the promotion of arts, commerce, science, education, sports, protection of the environment, religion, and charity, in India is required to be registered under the Companies Act 2013, as Section 8 Company. By promoting it as a not-for-profit organization, the Act doesn't bar the corporate from profit creation but rather prohibits distributing profit among members. This says that each one the income or take advantage of any activity of the corporate must be utilized towards the charitable purpose that it's registered.
Section 8 Company is the most popular form of NGO in India. It is easy to register, run or manage. The income of the Section 8 Company must be wont to promote only charitable objects and can't pay any dividend to the members of the corporate.
A partnership is the most popular form of business organization in India. The reason why these forms of organization are so popular is that they are relatively easy to set up and the no. of statutory compliance required to be done by these forms of organizations is relatively less than the statutory compliance applicable to LLPs and Companies.
Drafting a Partnership deed amongst the Partners.
A general partnership must have a minimum of two partners.
The Partnership Act, of 1932 governs such general partnerships in India.
Easy to choose Partnership firm name.
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