Company Registration in Delhi
Starting a business gets confusing when it comes to whether one should incorporate a Private Limited Company, an LLP (Limited Liability Partnership) or an OPC (One Person Company). Isn’t it? No worries! This article will clear your doubts and un-clutter your mind so that you can confidently go ahead and start taking action. Basically, suitability of all the three forms of entities depends upon your needs and your situation. Below mentioned points will guide you everything about Company Registration In Delhi
In all, there are five different ways through which you can do Company Registration in Delhi as below:
- 1. Private Limited Company
- 2. LLP Registration (Limited Liability Partnership)
- 3. One Person Company
- 4. Partnership Registration
- 5. Sole Proprietorship
Note: We will get into detail of each forms of registration so that you may choose the one suits you the best
Private Limited Company
Private Limited Company Registration in Delhi follows the provisions and regulations stated under the Company's Act 2013. It enjoys a greater stability, legal identity, it is flexible and a greater combination of capital. A Private Limited Company is supported with the diversified and different abilities of capital accumulation. The private company can be easily identified by just looking at the name, number of members it incorporates, the managements, directors etc. The number of directors who are to incorporate must be mentioned in Articles of Association. However, the private companies enjoys a distinguished legal entity and the private companies that are the subsidiary of the other public companies is differentiated in Company’s Act.
Limited Liability Partnership
Limited Liability Partnerships, LLP is a unique and new form of business that combines the advantages of both ‘Company’ and ‘Partnership’ in a single business entity. This business form was introduced in India in the Year 2008 with the approval of the Limited Liability Partnership Act, 2008. LLP is a superior form to partnership. The partnership is often discouraged to use because of its unlimited liability feature, i.e. your personal assets may also be held up in case all the dues are not cleared. Hence, it is very risky to use this form of business. So, to overcome this problem, a most important feature of limited liability of company is added to the partnership, which results in Limited Liability Partnership. LLP is a separate entity, which can be formed in India by a minimum of two persons coming together with a motive of earning profit.