Private Limited Company Registration

Private Limited Company also called close corporation is a type of legal business entity which can be incorporated by two or more Person (Members) and where liability of member’s are limited. In India, members i.e., shareholders of such companies are limited to 200. Further these companies are restrained from inviting capital and deposits from the public.Private Limited Company Registration gives a sense of security to Shareholders/Members of the company holding fully-paid up shares of the company. Unlike in a proprietorship or partnership where the proprietor and partner are personally liable for all the claims and debts to outsiders, a company limited by shares is responsible for its own liabilities and debts i.e, the Shareholders/Members of the company holding fully-paid up shares of the company have no further liability to pay any amount even if the company is declared insolvent.

Corporations and industries want to do business with an incorporated entity instead of sole traders. After Registration of Private Limited Company, it creates a professional and corporate image and are considered to be more established, credible and committed type of business entity. Sense of security is also provided to banks, venture capitalist, industry professions while investing in the company.Incorporation of Private Limited Company formalizes your existence business and also attract investment. Registration of a Company with @EmpressaLegal.com is efficient and convenient with all the online process system, which has helped entrepreneurs across India and abroad to incorporate their businesses in a fast and secure manner.