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Private Limited Company (Pvt Ltd)
Limited Liability Partnership (LLP)
Sole Proprietorship
Establishing a Private Limited Company (Pvt Ltd) in India is a strategic decision for entrepreneurs seeking financial recognition, limited liability protection, and enhanced market credibility.
This guide, brought to you by Finfluence, offers a step-by-step approach to the registration process and insights into the associated benefits and costs.
Essential Documents for Pvt Ltd Company Registration in India
1. Photograph
Passport-sized photographs of all directors and shareholders .
2. Identity Proof
Indian Nationals: PAN card.
Foreign Nationals: Passport.
3. Address Proof
Directors and Shareholders: Aadhaar card, voter ID, passport, or driving license.
4. Residential Proof
Recent utility bills or bank statements in the name of the directors or shareholders.
5. Registered Office Proof
If Rented: Rent Agreement and No Objection Certificate (NOC) from the landlord.
If Owned: Property ownership documents.
Note:• These are mandatorily required documents, Additional document requirement will be case specific.
The cost of incorporating a Private Limited Company in India depends on multiple factors such as the number of directors, authorized share capital, and professional service charges.
Typical Registration charges include:
Private Limited Companies are preferred by corporate clients, vendors, and government agencies over proprietorships or partnerships.
In a Private Limited Company, the risk is limited to the business investment, protecting the personal assets of the Shareholders.
A Pvt. Ltd. company has greater access to funding options, including bank loans, angel investors, and venture capital, compared to LLPs and OPCs.
Investors prefer Private Limited Companies for their structured setup, minimal complications, and easy exit options
Selling a Pvt. Ltd. company is simple, with minimal paperwork and low costs.
1. DIN for 2 Directors
2. MOA + AOA
3. Customized Incorporation Master File
4. Bank Account Opening Support
5. Digital Signature token for all the promoters
6. Incorporation Certificate
7. Company PAN Card
8. Company Name
9. PF + ESIC + Professional Tax
10.Registrations
LLP is a preferred business structure for its compliance flexibility. Finfluence simplifies the LLP registration process, covering key steps, documents, costs, benefits, and FAQs, while also comparing it to Pvt. Ltd., OPC, and partnerships.
How to Legally Register an LLP(Limited Liability Partnership) in India
Before beginning the LLP registration process, it’s important to understand the advantages it brings to its partners. An LLP combines the characteristics of both a partnership and a company, offering limited liability protection while maintaining the flexibility of a partnership structure.
Here’s a breakdown of the complete online LLP Registration process and steps. Registering a Limited Liability Partnership (LLP) in India involves a unique legal procedure, which can be summarized in the following steps:
1. Complete and submit the “GET STARTED” form.
2. Watch a comprehensive video explaining the LLP formation process.
3. Fill out and submit a one-page LLP registration questionnaire.
4. A Finfluence expert will assist in clearing any queries you have.
5.Provide necessary documents.
6. Sign the necessary incorporation documents.
7. Prepare the main objective and name the application.
8. Submit the incorporation forms with the Ministry of Corporate Affairs (MCA).
9. Receive the incorporation certificate.
10. File the LLP agreement.
Startups often rely on credit, but in a traditional partnership, partners risk their assets.
In an LLP, only the invested capital is at stake—personal savings and property stay protected.
LLP is a globally preferred business structure, trusted by corporate clients, vendors, and government agencies over proprietorships or regular partnerships.
LLPs are easy to manage and ideal for small businesses. No statutory is needed if capital is under ₹25 lakh and turnover below ₹40 lakh.
An LLP has perpetual existence, continuing even if partners change—unlike traditional partnerships.
1.At least two partners are required to form an LLP,
2. All designated partners must have a DIN or obtain a DPIN (Designated Partner Identification Number
3.If a company is a partner, it must appoint an individual as its nominee
4.Digital Signature Certificate (DSC) is mandatory for all designated partners
5.No minimum capital required for incorporation.
6. A valid office address proof is needed for LLP registration
1.To register a LLP in India, the following documents are required:
2.PAN Card of each partner – serves as proof of identity
3.Address proof – such as an Aadhaar Card, Voter ID, or Driving License
4.Proof of registered office – recent electricity or water bill of the business location
5.No Objection Certificate (NOC) – from the property owner
6.Passport-sized photos – of all partners involved in the company.
7.A Notarized Rental Agreement- If the office is for rent.
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Register online via the MCA portal by filing forms with required documents like PAN, Aadhaar, and address proof.
Popular types include Private Limited Company, Limited Liability Partnership (LLP), OPC, and Public Ltd.
A business structure with limited liability, separate legal identity, and preferred for startups and growing companies.
An LLP offers limited liability like a company but with simpler compliance, suitable for professionals and small firms.
Pvt Ltd suits scalable businesses and has more compliance; LLP is cost-effective and flexible for smaller setups.
Minimum 2 directors/partners, a registered office, identity proofs, and digital signatures (DSC & DIN for Pvt Ltd).
Registration takes around 7–10 working days if documentation is correct and verified promptly.
Limited liability, separate identity, credibility, and easier fundraising options.
Easy formation, low compliance, no audit for turnover under ₹40 lakhs, and liability protection.
You need at least 2 directors, 2 shareholders, a registered office, and necessary identity/address proofs.
Yes, proof of a valid address is required during the incorporation process.
No, a Private Limited Company cannot raise funds from the public.