What is a Private Limited Company? Private Limited Company registration is the most popular legal structure option for businesses in India. The private limited company can have a minimum of two members and a maximum of fifty members. The directors of a private limited company have limited liability to creditors. In a case of default, [...]
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More and more partnership firm are being converted into a Limited Liability Partnership (LLP) as LLP offers a host of features such as unlimited partners, a limited liability protection, transferability, survivability, etc., – making it more attractive than a partnership firm. In this article, we look at the procedure that is to be followed for the conversion [...]
Know about LLP, LLP Act, and LLP India. What is LLP? LLP is the latest form of business where the features of a partnership are combined with the features of a company. It is a partnership where all the partners have limited and disjoint liability, i.e. the personal assets of the partners cannot be utilized [...]
Limited Liability Partnership Register LLP in Delhi, Gurgaon, Chennai, and Mumbai, all major cities. LegalRaasta offers you LLP registration in Delhi and all major cities.We are online CA/CS/Legal service providers offering entire services online making all the legal formalities easy and hassle free for our clients.We have years of experience and satisfied customers support. You can [...]
LLP over Partnership Firm Registration Partnership firm once has been a very popular form of business entity owing to the simplicity of formation and ease of management and termination. Registration of partnership firms is optional and cost of formation is almost nil. It is registered under the Indian Partnership Act,1932 by filing a partnership [...]
["Partnership" is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into partnership with one another are called individually "partners" and collectively "a firm", and the name under which their business is carried on is [...]
A Limited Liability Partnership (LLP) is a type of partnership in which partners have limited liabilities in the business so the clause of exiting the partnership exists there in the partnership and corporation. In this type of partnership, the partner is not liable for the other partner’s misconduct or ignorance. This is the main and important [...]
For startups and small businesses, pvt Ltd company registration is advised. A Pvt Ltd company registration is the best form of company for a startup, especially one which is growth-oriented. The reasons for this are many like, Usually, startups have more than one founder so it is difficult to be an OPC. They also aim [...]
Traditional businessmen functioning as sole proprietors prefer one-person companies (OPCs), while OPCs enable a sole proprietor to commercialize his business, it isn't an ideal entity for startups. OPCs are not advised for startups because: Venture capitalists (VCs) avoid OPCs as the shares can be held by one person only and equity investment by VCs isn't [...]
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