Private Limited Company
In India, the private limited company is the most popular business structure. The owners hold all of the company’s shares privately, and shareholders can either run the company directly or engage directors to do it on their behalf. By forming a private limited company, you can secure your assets, access more resources, get financial help, and save money on taxes. It usually takes 15-20 days to register a private limited company.
A private limited company is a hybrid of the corporate and partnership business structures. The most appealing element of a Private Limited Company is its members’ limited liability. It combines the flexibility of a partnership firm with the advantages of a corporation, such as increased stability, better creditworthiness, and an independent legal body.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a corporate business vehicle that provides limited liability and allows its members to organise their internal structure as a partnership, allowing entrepreneurial initiatives to operate flexibly and efficiently. The LLP company structure is appropriate for all enterprises, including traders, manufacturers, and professionals, and it is simple to implement and manage. A limited liability partnership (LLP) is more reputable and preferred than a traditional partnership firm.
The Limited Liability Partnership Act, 2008, established limited liability partnerships in India. It has the characteristics of both a partnership and a corporation, unlike a typical partnership, where each member has joint and several liabilities. In an LLP, one partner is not responsible or liable for the misbehaviour or carelessness of another partner.
We also provide registration services of the same with the concerned Authorities.