At the time of starting of new business, it requires to borrows money. In case of proprietorship or partnership firm,the liability of proprietor or partner is not limited while in case of company the liability of director is limited and they not need to sell its personal assets.
Private limited companies easily accommodate equity funding as there is a clear distinction between shareholders and directors as well as limited liability. In fact, venture capitalists are interested to fianance in this structure. This is because LLPs would require them to become partners in the business, while an OPC can have only one shareholder.
A private limited company has more options for taking on debt. Bank Loans as well as debenture and convertible debentures options are also available with this structure.
Investors are more attracted to finance in this structure. Exit is important in private limited company.
Any one of the directors must self-attest the first three documents. In case of foreign nationals and NRIs, all the documents must be notarised (if currently in India or a non-Commonwealth country) or apostilled (if in a Commonwealth country).
Your registered office need not be a commercial space; it can be your residence, too.
TIME REQUIRED ( 15 T0 20 WORKING DAYS)