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CONTACT USChoosing the best form of business as important as the execution of the idea. If your idea needs funding then Proprietorship, OPC and partnership cannot give the right plough back what your business needs. So, before choosing, look over all the aspects that can affect your decision of starting a business.
At Tax Samaj, we have experts who can help you to find out which type of entity is best for your business.
Key facts to consider while choosing Legal Existence: For a startup, it is best to first consider whether he wants to start a business under a legal entity or under his own name. No. of Persons Involved: The second key fact for choosing the right form depends upon the no. of persons involved in the initial stage of the startup. Capital requirement: Choosing the right form also depends upon the initial capital eligibility and future funds availability. Funding requirements: If in the near future, funding is required in the startup, then it has to be planned in the initial stage of business. Restriction on Personal Liability It has to be decided in the initial stage whether the key person is liable personally or there should be a restriction. Restriction on Personal Liability It has to be decided in the initial stage whether the key is liable personally or there should be a restriction. How many shareholders can there be in a private limited company? A private limited company must have at least two directors and shareholders and can have a maximum of 15 directors and 200 shareholders.
It will take around 12-15 days to get a company incorporated provided all the documents required are provided in time.
As private limited companies are not traded publicly, regulatory requirements placed on them are fewer than on public companies. For example, they need not disclose their books of accounts. Because of this advantage, they need only worry about the long term rather than face the music from their shareholders in case their results in a particular quarter are poor.
A private limited company must have at least two directors and shareholders and can have a maximum of 15 directors and 200 shareholders.
Startups set-up private limited companies so that they can raise venture capital funding and offer their best employees stock options. Without funding and stock options, it’s almost impossible to build and scale into large organization. Banks and other lenders would also prefer lending to private limited companies, as compared to sole proprietors.
We, Tax Samaj believe in 100% transparency and 100% authenticity. The client has to pay the professional fees after the incorporation. And regarding government fees, he/she has to pay after receiving the government fees acknowledgment by Ministry of Corporate Affairs. If a client feels inconvenient about installments payments, he/she can pay 50% in advance and 50% after completion.
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