Test Private Limited Company
Private Limited CompanyRegistration in India Starting a business with a partner? A Limited Liability Partnership (LLP) is one of the smartest ways to do it. By blending the operational flexibility of a traditional partnership with the financial security of a private limited company, an LLP gives you the freedom to innovate while keeping your personal assets completely safe. At TaxCrafted, we make registering your LLP incredibly easy. From getting your company name approved by the MCA to drafting your LLP Agreement and securing your PAN/TAN, our team of experts handles the entire legal process so you can focus on building your business. Start Your Private Limited Company Registration Register your Limited Liability Partnership (LLP) in India with MCA filing, name approval, PAN, and Certificate of Incorporation to set up a compliant and flexible partnership business. MCA Name Approval LLP Incorporation LLP Agreement Drafting PAN & TAN Registration Rated 4.9/5 by 500+ Entrepreneurs Incorporation and Compliance ₹10,700 + GST | Govt. fee extra Unlimited Name Approval Attempts Drafting of your LLP Deed Complete Incorporation Filing Up to 5 DPINs for your Partners Unlimited Contribution Structuring PAN & TAN Registration Bank Account Opening Assistance MCA Annual Filings (Form-8 & Form-11) DIN E-KYC for Two Partners ITR-5 Return Filing Complete Financial Statement Preparation Register Now 500+ COMPANIES REGISTERED 15+ YEARS EXPERIENCE 100% ONLINE PROCESS Transparent Pricing & Packages Choose the plan that fits your business goals. (Note: Government fees, stamp paper, notary, and DSC charges are borne by the client). Incorporation Perfect for getting your business officially off the ground in just 7–10 days. ₹2,899 + GST | Govt. fee extra Unlimited Name Approval Attempts Drafting of your LLP Deed Complete Incorporation Filing Up to 5 DPINs for your Partners Unlimited Contribution Structuring PAN & TAN Registration Bank Account Opening Assistance Register Now Complete Compliance The ultimate peace-of-mind option featuring a full year of ongoing support. ₹9,899 + GST | Govt. fee extra Unlimited Name Approval Attempts Drafting of your LLP Deed Complete Incorporation Filing Up to 5 DPINs for your Partners Unlimited Contribution Structuring PAN & TAN Registration Bank Account Opening Assistance MCA Annual Filings (Form-8 & Form-11) DIN E-KYC for Two Partners ITR-5 Return Filing Complete Financial Statement Preparation Register Now What Exactly is a Private Limited Company? Introduced in India in 2008, a Limited Liability Partnership acts as a separate legal entity. This means the business itself can enter contracts and hold assets. The biggest benefit? If the business runs into debt or legal trouble, the partners are only liable for the amount they agreed to contribute. Your personal savings, house, and assets are fully shielded. Do You Qualify? (Eligibility Rules) Before you start the paperwork, here is what you need to meet the government’s criteria: Two Partners Minimum: You need at least two people (or corporate entities) to form an LLP. There is no maximum limit on how many partners you can add later. Designated Partners: You must have at least two “Designated Partners” who are actual human beings (natural persons). Crucially, at least one of them must be a resident of India. Corporate Representatives: If a separate company is acting as one of your partners, they must nominate a real person to represent them. Authorized Capital: While you can contribute any amount, the LLP must be registered with an authorized capital of at least ₹1 Lakh. The Pros and Cons of an LLP Structure. Why entrepreneurs love it: Total Legal Identity: It is a registered corporate body, making it much easier to build trust with clients and banks. Personal Asset Protection: Your liability is strictly limited to your contribution. Cost-Effective: It costs much less to set up and maintain than a Private Limited Company, with fewer strict regulatory hurdles. No Minimum Capital Restraints: Partners can invest whatever capital they are comfortable with to get the business off the ground. Things to keep in mind: Strict Compliance Penalties: Even though the rules are lighter, failing to file your annual returns on time results in heavy daily fines—even if your business had zero activity that year. Survival Requires Two: If your partner count drops below two for more than six months, the LLP must legally shut down. Tougher to Raise Equity: Because LLPs don’t issue “shares” like big corporations, it is very difficult to raise large rounds of funding from venture capitalists. Name Your Private Limited Company Your business name needs to be entirely unique and not conflict with existing trademarks. It should also ideally hint at what your business actually does. Legally, the name must always end with “LLP” or “Limited Liability Partnership.” What Documents Will You Need? To get started, you and your partners will need to gather: Identity Proof: PAN Card, plus one of the following: Voter ID, Passport, Driver’s License, or Aadhaar Card. Address Proof: A recent bank statement, or a utility bill (electricity, gas, phone) from the last 2-3 months. Photos: Standard passport-sized photos with a white background. (For Foreign Nationals/NRIs: A valid passport and relevant, official address proofs are required). Registered Office Proof: A rental agreement with a No-Objection Certificate (NOC) from the landlord, plus a recent utility bill matching the address and owner’s name. How TaxCrafted Registers Your Private Limited Company We handle everything digitally through the Ministry of Corporate Affairs. Here is our step-by-step process: Digital Signatures (DSC): We help the proposed partners obtain Digital Signature Certificates to legally sign online documents. Partner IDs (DIN/DPIN): We apply for the necessary Director/Designated Partner Identification Numbers. Name Approval: We submit your top name choices to the MCA to secure your official title. Filing the FiLLiP Form: We handle the primary incorporation application, detailing your registered office and partner information. Drafting the LLP Agreement: Our experts draft a rock-solid, legally compliant partnership agreement detailing rights and duties, which is notarized and filed within 30 days. Incorporation & Tax IDs: Once approved, you receive your Certificate of Incorporation, and we immediately apply for your company’s PAN and TAN. … Read more