Question 1

What is the cost of Private Limited Company registration in India?

Accepted Answer

The cost typically ranges from ₹5,000 to ₹15,000+, depending on professional fees, number of directors, and additional services like GST registration or compliance support.

Question 2

How many days does it take to register a Private Limited Company?

Accepted Answer

It usually takes 7–10 working days, subject to MCA approval, document verification, and name availability.

Question 3

What are the minimum requirements to start a Private Limited Company?

Accepted Answer

You need at least 2 directors and 2 shareholders, a registered office address in India, and valid KYC documents of all directors.

Question 4

Is GST registration mandatory after company incorporation?

Accepted Answer

GST is not mandatory in all cases. It depends on your business type and turnover threshold. However, it is required for certain services and interstate supply.

Question 5

Can I use my home address as the company’s registered office?

Accepted Answer

Yes, you can use a residential address as the registered office, provided you submit a valid utility bill and a No Objection Certificate (NOC) from the owner.

Question 6

Can I register a company completely online?

Accepted Answer

Yes, the entire process is digital and can be completed without visiting any office.

Question 7

What is the minimum number of partners required for LLP?

Accepted Answer

At least 2 partners are required to register an LLP.

Question 8

Is LLP better than a Private Limited Company?

Accepted Answer

LLP is better for small businesses and professionals due to lower compliance, while Pvt Ltd is ideal for startups seeking funding.

Question 9

Is there any minimum capital requirement?

Accepted Answer

No, there is no minimum capital requirement for LLP registration.

Question 10

How long does LLP registration take?

Accepted Answer

It usually takes around 7–10 working days, depending on approvals.

Question 11

Is LLP registration completely online?

Accepted Answer

Yes, the entire process is done online through MCA.

Question 12

Is registration mandatory for sole proprietorship?

Accepted Answer

No, but certain registrations like GST or Shop Act may be required based on your business.

Question 13

Can I open a current account for my business?

Accepted Answer

Yes, using business registration proofs like GST or MSME certificate.

Question 14

Is there any compliance requirement?

Accepted Answer

Compliance is minimal compared to companies and LLPs.

Question 15

Can I convert it into a company later?

Accepted Answer

Yes, you can upgrade to LLP or Private Limited Company anytime.

Question 16

Who should choose sole proprietorship?

Accepted Answer

Freelancers, small traders, and individuals starting a small business.

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