Only one registered business can be found for every 127 unregistered businesses in India. In spite of the existence of options like Limited Liability Partnership and One Person Company, a Private Limited Company is what is favoured the most. One of the main reasons for this are the many myths associated with having a Private Limited Company in India.

Company Incorporation in India: Myths VS Facts

Misconceptions like a single person can’t hold 100% of the shares in a Private Limited Company or that changes in the company are tough or almost impossible post-registration are ones that have been doing the rounds for too long, and should be demolished soon. Such fallacies are especially detrimental to those aspiring to establish a new company in India. Hence, it’s crucial that you get all the proper information and segregate the myths from the truth before you decide to establish your business.