Commencing a private limited company or business is an energetic yet daunting possibility and there are major decisions to be done for this prospect. The most important decision of all is the sort of business structure to be selected- One Person Company, Private Limited Company, LLP, Public Company, etc. Do you want to begin a new business but have trouble as to what form of the company you must choose? This article might help you to ease your choice. Meaning of OPC Company and Pvt Ltd Company? OPC is a new composite kind of business entity that requires only one member to form who can be considered the first director as well. The single owner has the advantage of limited liability. One Person Company proposes a Company that has only one person as to its member. A private Limited Company is the kind of a company where a minimum of 2 members are needed and the highest number of members can be 200. The liability of the members of a Private Limi...
Setting up business in India was not that much easy few years back. India was not even in the race of ease of doing business. But due to prompt action taken by the existing government, it can be said that GOI is doing great job in relaxing the norms related to business registration and their regulation. If you are planning to start your business in India, the government is providing you various options for registration of your business. Today we will discuss step by step about the process of company registration or firm registration or another kind of business registration in India - · Initially you have to decide what kind of business you want to start, there after you will decide about its execution aspects. · Once the plan is ready, do check whether you have to go for Company Registration (MCA registration) or normal business registration like GST Registration , MSME Registration and Partnership Firm R...