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From consulting and strategy development to implementation and support, our comprehensive services can help your business thrive.
PRIVATE LIMITED COMPANY
Private Limited Companies are companies registered under the Companies Act of 2013. These companies privately trade their shares without listing them on the stock exchange markets. Also, their shares cannot be subscribed by the general public. The liability of the shareholders in Private Limited Companies is limited to their unpaid subscribed capital only. This is what makes private limited company registration one of the most preferred types of company registration in India by startups. Here are the requirements to set up a Private Limited Company in India.
PUBLIC LIMITED COMPANY
Public Limited companies are businesses registered and incorporated as independent legal entities under the Companies Act, 2013. Such companies are owned by shareholders with liabilities limited to their stakes. The shares of public limited companies are easily transferable and tradeable in the stock exchange markets and are open for subscription by the general public as well. Here are the requirements for setting up a public limited company in India.
SOLE PROPRIETORSHIP
Sole proprietorships are businesses owned, managed, and controlled by a single owner or proprietor. They are unregistered business entities, so they do not carry an identity of their own. They operate on the identity of their proprietors. The proprietor is entitled to 100% ownership and profits of the business. However, the liability of the proprietor is unlimited and his assets are at risk while paying off the dues of the business.
PERSONAL LIABILITY COMPANY
A Personal Liability Company Inc. is a private company that is mainly used by 'associations' such as Lawyers, Engineers and Accountants. This term means that the directors of the company, as well as previous directors, will be responsible for the debts of the company.
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