Bangalore, Karnataka is the hub for many startups, as we seen many large number of start-ups has started there journey in Bangalore, and Bangalore is the 3rd largest start-ups in India.
How to start a company?
A Company can register with one member OPC or a Private limited or LLP with minimum 2 members at a minimal capital of Rs.1000 only.
Biggest advantage of registering a company is, it is a separate legal entity, uninterrupted existence, limited liability, easy & free transferability of shares, owning property, better avenues for borrowing funds.
Types of Business can register in India?
Private Limited Company (Pvt.)
Limited Liability Partnership (LLP)
Public Limited Company (Ltd.)
Section 8 Company (Not-for profit)
One Person Company (OPC)
Non-Banking Finance Company (NBFC)
What documents required a start company?
A Company can register with minimal documents like:
- Pan card
- Any one Id proof like Aadhar or voter id or Passport
- Recent 1 month Bank statement
- Passport size photo
- Mobile number and email ID
Benefits under Company Registration
registering your business will get a lot of benefits. Setting up a company can be a relatively easy and stress-free experience that offers greater legal protection.
- You can limit your personal liability
Running a business involves more risk and responsible for all aspects of your business, including debts and losses. Holding limited liability protection would ensure that the entrepreneur can take risks without the fear of losing personal assets or savings. One of the biggest advantage of a registered business (private limited company or limited liability partnership (LLP) or one person company) is that it provides limited liability protection to its members.
2. Easy to Exit
In registered business entity like company or LLP, the business is considered as a separate legal entity and it’s separate from its promoters. Hence, transferring or sharing the ownership of a registered business is easy.
3. Raise a capital for your business
As a company, your ability to attract investors and raise money for your business will be easier. most banks and financial institutions prefer to lend to registered business entities. Hence, it is highly recommended to register a business if there are plans for raising debt or equity funds in the name of the business.
4. Enhance your brand image
Registering a company is important for any future dealings with third parties, Most large businesses that have a supplier selection criteria, tend to prefer to do business with a registered business entity
Why Choose Team-IN Filings?
Register Within 3 Working Days
If you’ve got all the documents and sign the authorization letter immediately, it will take us three working days to file the application with the Register a company.
Highest Clients Score
We are holding high rank in service. We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Team of 20 Strong members
Our team of CA and CS experienced business advisors are a phone call away, should you have any queries about the process. But we’ll try to ensure that your doubts are cleared before they even arise.
We are always looking for client satisfaction and value for money
Value add services
We will provide new valuable ideas for your started business to grow.
For more information to register a company in Bangalore, Karnataka, India, visit our page: https://teamindia.co.in/public-limited-company/