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Register your startup company as private limited with Taxra Biz Advisors Private Limited at the lowest fees. Our experienced team will draft & complete all the documentations on the same day.
Private Limited Company in India is one of the popular forms of business entities. Approximately 90% of companies in India are registered under Private Limited Company. There are more than 150,000 companies that are being registered on a yearly basis.
Taxra Biz Advisors Private Limited is now recognized by Department for Promotion of Industry and Internal Trade under Startup India.
Taxra Biz Advisors Private Limited is ISO certified body, assuring quality professional services to aspiring startups.
Taxra Biz Advisors Private Limited is an authorized partner of Flipkart.
If a private limited company runs into financial trouble, shareholders would not risk losing personal assets.
Under Startup India scheme you can avail benefits like funds and subsidy.
It is easier to transfer ownership or share membership of the company.
Business corporation value will be based on the business, not the owner.
The company shall continue to exist even with changes in members.
A company can sell shares to the public or accept deposits from public.
Company property is not the property of shareholders.
Companies are governed by the Companies Act and regulatory procedures.
Companies are often taxed at lower rates than other business forms.
As a juristic legal person, a company can sue and be sued by others.
| Proprietorship Firm | Private Limited Company | One Person Company | |
|---|---|---|---|
| Act | No specified Act | Companies Act, 2013 | Companies Act, 2013 |
| Registration Requirement | No | Mandatory | Mandatory |
| Number of members | Only 1 | 2 – 200 | Only 1 |
| Number of Director/Partner | Only 1 | 2 – 15 | Only 1 |
| Separate Legal Entity | No | Yes | Yes |
| Liability Protection | Unlimited | Limited | Limited |
| Statutory Audit | Not mandatory | Mandatory | Mandatory |
| Ownership Transfer ability | No | Yes | No |
| Uninterrupted Existence | No | Yes | Yes |
| Foreign Participation | Not Allowed | Allowed | Not Allowed |
| Tax Rates | Low | Moderate | Moderate |
| Statutory Compliance | Less | High | Moderate |
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