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Types of Companies

  • Private Limited Company: A private company with limited liability, suitable for small to medium-sized businesses.
  • Limited Liability Partnership (LLP): A partnership with limited liability, suitable for professional services firms.
  • One Person Company (OPC): A company with a single owner, suitable for solo entrepreneurs.

Benefits of Company Formation

  • 1. Limited Liability: Protects personal assets from business risks.
  • Tax Benefits: Tax deductions and exemptions available.
  • Credibility: Enhances business credibility and reputation.
  • Flexibility: Allows for easy transfer of ownership and management.
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Company Formation Process

  • Name Approval: Choose a unique company name and get approval from the Registrar of Companies (ROC).
  • Document Preparation: Prepare and file necessary documents, such as the Memorandum of Association (MOA) and Articles of Association (AOA).
  • Registration: Register the company with the ROC and obtain a Certificate of Incorporation.
  • Obtain PAN and TAN: Obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).

Benefits of Company Formation with Padmajothi Consultancy Services

  • Expert Guidance: Get expert guidance on the company formation process.
  • Timely Registration: Ensure timely registration and avoid delays.
  • Compliance: Ensure compliance with company formation regulations and guidelines.
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