Should I register as a Proprietorship, LLP, or Pvt Ltd?

Proprietorship (low cost), LLP (limited liability, moderate compliance), Pvt Ltd (best for funding/scaling).

Limited Liability Partnership LLP

LLP registration combines the benefits of a partnership and a company, offering limited liability to partners and simplified compliance.

Overview

Limited Liability Partnership (LLP) registration is suited for professionals and small businesses. It provides a legal entity separate from its partners, limiting personal liability. The process includes obtaining DSCs, DINs, naming the LLP, filing incorporation forms with the MCA, and executing the LLP agreement. LLPs enjoy operational flexibility, simplified taxation, and credibility with clients. This structure ensures both partners are protected from business debts while maintaining an easy governance model compared to traditional companies.

Key Highlights

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Operational Flexibility: Enjoy the benefits of a partnership with the legal protections of a corporation.

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Simplified Taxation: Efficient tax structure with fewer compliance burdens compared to a PLC.

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Protected Partnership: Individual partners are shielded from the liabilities and debts of other partners.

Frequently Asked Questions

Answers to common questions eCommerce sellers ask about accounting, GST, compliance, and business growth.

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