Limited Liability Partnership

Do you want to start a business India and confused how to start? Then you are at right place. People often remain confused between private company and LLP registration and hence, we are here to explain you the difference. First of all, if you want to start a business then we will advice you to start with LLP registration because there is everything a LLP can offer which will help you to run a safe and risk free business.

However, if you want to start a startup, then we will recommend you to go for a private limited company this is because private limited company is only authorized to raise share capital. In Limited liability partnerships (LLP), you cannot raise share capital because there is no concept of shares in LLP registration.

Further, the LLP registration procedure is online and does not require any physical presence of any of the member during the LLP registration process. The simple documentation has been prescribed for the LLP registration. Once LLP is registered, the next step is to prepare a LLP agreement. The LLP agreement is one of the most important document for running of LLP agreement and this is the only part where little complexity arises as once LLp agreement finalizes the same needs to be print on Stamp paper as per state rules and duly stamped and signed by all designated partners and after that the will uploaded to MCA. You can run LLP in any way possible and for that purpose you need to draft a proper LLP agreement.

Hence, forget about everything, if you want to start your business just go and register LLP in India.