Company Formation
Embarking on the journey of establishing a new business venture can be both exciting and daunting. At PRLS & Co., we offer comprehensive company formation services designed to streamline the process and guide you through every step of setting up your company. Whether you’re a startup entrepreneur or an established business looking to expand, our team of experienced professionals is here to provide expert assistance and support to ensure a smooth and successful company formation.
From initial consultation and entity selection to document preparation and registration with regulatory authorities, we handle all aspects of company formation with precision and efficiency. Our tailored approach takes into account your specific needs, industry requirements, and long-term goals to provide customized solutions that meet your unique circumstances. With our in-depth knowledge of company law and regulations, we navigate the complexities of the formation process, allowing you to focus on building and growing your business.
With PRLS & Co. as your trusted partner, you can rest assured that your company formation process is in capable hands. Let us help you turn your vision into reality and lay the foundation for a successful and prosperous business journey.
Why Registering Your Company is Important?
Company registration is crucial for any business for the following reasons:
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- Legal Protection: Registering your company provides legal protection to the business owners from personal liabilities. In case of debts or legal issues, the liability only attaches to the company, not the owners.
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- Credibility: Registering your company adds credibility and legitimacy to your business, making it more attractive to customers, suppliers, and investors.
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- Access to Capital: A registered company has better access to funding from banks and investors, as it is considered a more secure investment option.
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- Tax Benefits: A registered company can avail various tax benefits and deductions, which can significantly reduce the tax liability of the business.
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- Operational Flexibility: A registered company can choose to operate as a private or public limited company, which provides operational flexibility and scalability.
Our Company Registration Services :
Private Limited Company Registration: Our team can help you register your private limited company in India, which is the most popular and preferred option for start-ups and small businesses.
Public Limited Company Registration: We can also help you register your public limited company in India, which is suitable for large businesses and companies looking to raise capital from the public.
One Person Company Registration: We provide one person company registration services, which is an excellent option for single entrepreneurs who want to establish a separate legal entity for their business.
Foreign Company Registration in India: Our team can assist you with the registration of your foreign company in India, ensuring compliance with all legal and regulatory requirements.
Company Registration Online: We provide seamless and hassle-free online company registration services, allowing you to register your company from the comfort of your home or office.
Why Choose Us ?
Expertise and Experience
Benefit from our team’s extensive expertise and years of experience in the industry, ensuring that your financial needs are met with precision and professionalism.
Comprehensive Services
Choose PRLS & Co. for our wide range of comprehensive services, covering everything from company formation to taxation, attestation, and certification, providing you with holistic solutions under one roof.
Client-Centric Approach
Experience our client-centric approach, where your success is our priority. We strive to understand your unique needs and tailor our services to exceed your expectations, building long-lasting partnerships based on trust and reliability.
Quality and Compliance
Rest assured that with PRLS & Co., quality and compliance are never compromised. Our meticulous attention to detail and commitment to upholding regulatory standards ensure that your financial matters are handled with the utmost integrity and accuracy.
FAQ – Frequently Asked Questions
How much paid-up share capital is needed to start a company?
There is no requirement for a minimum paid-up share capital to incorporate a company. Hence, one can start a company with any amount.
How Many shareholders are required to start a company?
The minimum number of members required to start a company are:
Public Company – 7
Private Company – 2
One-Person Company – 1
What is the minimum number of directors needed to incorporate a company?
Every public company should have at least three directors, whereas a private company requires only two directors and an OPC requires only one director.
Is it mandatory to open a bank account in India?
Yes, opening a bank account in India is mandatory as all the subscription money will be received in that account. Besides, the company has to file the declaration of subscription money received in Form INC 20-A (commencement of business) within 180 days of incorporation of the company.
Can a company form a One Person Company (OPC) as an Indian subsidiary?
As per Rule 3 of Companies Rule, 2014, only a natural person who is an Indian and resident in India is eligible to incorporate the OPC. Hence, the question of body corporate or other organization form being the single-member doesn’t arise.
What are the types of companies that can be incorporated in India?
There are various types of companies that can be incorporated in India, such as private limited company, public limited company, one-person company, limited liability partnership, and section 8 company.