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What you should know about Way 2 Registration
WAY 2 REGISTRATION simplifies common Legal Matters for Start-ups and Growing companies in India by providing a wide range of services online and at affordable rates. We specialise in Public Limited Company Registration,Private Limited Company Registration,Professional Tax Registration,Forming a Private Limited Company, Business registration, Trademark Registration, GST Registration, Firm registration online, Sole Proprietorship Registration, LLP Formation/LLP Registration, Online Company Registration Setting up Online Business Registration for Start ups, Government Compliances and even offer Online Legal Documentation. We offer comprehensive support to all our customers, with a large team of experts and network of affiliates just a phone call away.
A 'Private Company' is a limited company formed with minimum of 2 members and 2 Directors. The maximum number of members in a private company is restricted to 200. The name of the company should end with the words 'Private Limited'. A 'Private Limited' company is the most common incorporated business organisation in India. It is generally called as a 'Private Company'.
As the name reveals, a public limited company has a wider coverage than a private limited company. It is generally called a 'Public Company'. Minimum number of shareholders and directors are 7 and 3 respectively. There is no restriction on maximum number of shareholders.Generally, companies requiring huge capital investment from a large base of shareholders are opting for registration as a Public Limited Company.
Limited Laibility Partnerships commonly know as LLP offers combined benefits of a Partnership Firms and a Company In an LLP, a partner is not responsible or liable for another partner's misconduct or negligence. Instead, all partners have limited liability, limited to their own acts of commission or omission, similar to shareholders' liabilities in a limited company.However, unlike company shareholders, LLP partners have the right to manage the business directly. An LLP also limits the personal liability of a partner for the errors, omissions, incompetence, or negligence of the LLP's employees or other agents. An LLP should have a minimum two 'Designated Partners' who are individuals. At least one of them should be resident in India
Partnership firm is the most common business form in India. The reason behind is the flexibility of forming a Partnership firm and minimal statutory compliance involved. A partnership firm can be formed with minimum two members, where there is no need for registering your Partnership Firm. But in order to safeguard your business registration is required.