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WHAT IS PRIVATE LIMITED COMPANY AND HOW TO REGISTER A PRIVATE LIMITED COMPANY 2021

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OPC – One Person Company

One Person Company holds only one shareholder or one owner to run the business and you must declare a minimum of one nominee. A nominee stands for the upcoming owner of that company after the current owner, and as the nominee becomes the owner, he is fully allowed to decide whether he wants to continue the company or not.

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OPC – One Person Company

One Person Company holds only one shareholder or one owner to run the business and you must declare a minimum of one nominee. A nominee stands for the upcoming owner of that company after the current owner, and as the nominee becomes the owner, he is fully allowed to decide whether he wants to continue the company or not.

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Why OPC is the Most Beneficial?

In OPC, you are supposed to  get all the benefits of a Private Limited Company in terms of Authorized Capital, MOA, AOA, no minimum Paid-up capital, etc…Your company name will be suffixed by a private limited, for example, Xyz Abc Def Private Limited Company.

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Partnerhip Firm Registration

If you are two or more to start and run the business and you want to register a business that represents all the people as owners, you can register your business as a partnership firm which requires a minimum of two people as Directors.

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Disadvantage  of Unlimited Liabilities With Partnership Firm

Here is also the same drawback of Unlimited Liabilities, if the company carries any liability, borrowed any loan, and if the company gets failed to fulfill the liabilities, then the bank or lender can attach all the personal property of each director of that company.

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Private Limted Company

A Private Limited Company can be registered with ownership of two or more people and it holds limited liabilities. It means if you have your business or company as a private limited company, and if you fail to repay the lending money to the bank or finance, the bank is limited to recover the lending money only by attaching the assets of the company.

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Documents Required to Register a Private Limited Company

As everything in India is processed on the basis of the document, and existence is proved by the document, same way, you need certain documents for the private limited company process in India. – Basic KYC Documents of The   Directors – Address Proof of Office

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What is  Private Limited Company and How to Register a Private Limited Company 2021 For Conclusion  Please....

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