Monthly Archives - May 2017

All you need to know before choosing Limited Liability partnership as a form of business

Introduction Limited liability Partnerships (LLP) is the most popular form of partnership in India which is becoming the most favoured form of partnership over the traditional forms of partnerships and sole proprietorships Features of Limited Liability Partnership It should have a minimum of 2 partners There is no limit on maximum number of partners No minimum capital is required to start it Factors to be considered Benefits of a LLP Limited Liability: Unlike the sole proprietorship and partnership firms, where the owners have an unlimited liability, the liability of [...]

Read more...

All you need to know before choosing Private Limited company as a form of business

Introduction Private limited company is the most popular corporate entity amongst small, medium and large businesses in India. Features of a Private Limited company It should have a minimum of 2 members and can have up to 200 members No minimum capital is required to start it. It has minimum 2 directors Factors to be considered Benefits of a Private Limited Company Separate Legal existence: A private limited company will be a separate person in the eyes of law, i.e. its members and “the company” will both enjoy [...]

Read more...
Submit a query
close slider