So, now you concentrate on your business operations and let us take care of your compliances and regulatory requirements.
Basics
In a nut shell, if you are into a small or mid-size business and you don’t seek any funding, you should preferably opt for an LLP. Both LLPs and Private limited companies are to be registered with the ministry of corporate affairs. And both has almost similar process for registration.
Difference Between Private Limited Company VS LLP
Conclusion
Private limited companies are well established in India, and has a wide spread recognition, whereas LLP being a relatively new concept in India, Investors prefer investing in Companies rather than LLPs. Now in case you are looking to raise fund or offer ESOPs to your employees, private limited company is the way to go. In case you don’t have any such requirement you should probably go for an LLP. However, do take some time to think over it, as if you get an LLP registered you need to get all other registrations done on its name. And in future you think to switch from an LLP to a Company, considerable efforts would be required. Once you decide upon your nature of business, you can approach us for any sort of compliance requirement.
Author – Nihal JainMobile no – 8861107514Email: ca.nihaljain@outlook.com
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