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Forming A Limited Liability Company In India



It is said that if you want to do something with your life, you will need to stand apart from the crowd. Thus, opening up a business might be the right option for you. A lot of people tend to quit their regular day jobs in search of better opportunities, so why shouldn't you? Make sure you follow the right path, which will lead you to your success. So, if you are looking forward to setting up a business then you are in right place to look for it. Here are going to discuss about forming a limited liability com and the ways by which you can get your business started in no time.

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What Is Limited Liability Partnership?


A business organization which is responsible for its own right i.e. the company can own the assets by the name with which it is registered. In LLC the owner's finances are separated from that of company's finances. However, the shareholders can share the profit among themselves only after paying all the taxes and service charges.
The limited liability company is further categorized into two parts, one is private limited company and the other is a public limited company. Each has its own functions and propaganda. While registering a company you will have to choose any one of these two as your entity.

Why Should One OPT For LLP?


There are basically hundreds of reasons for opting Limited Liability Company. It offers huge growth opportunities especially in a country like India. Moreover, the limited liability registration in India is not a big deal. If you want to start a business, you can actually kick start your business in no time. Again, LLP also provides you with a scope to run a business in partnership. It can really provide great assistance if you do not have sufficient funding to set up a business. Being in a partnership does not mean that you will remain as a shareholder; you can still be the owner of the company and work in association with other shareholders.
However, if you are still not sure about it then don't worry. We have jotted down some limited liability partnership advantage and disadvantage for you to consider before making any final decisions.

Advantage

  • Limited Liability Partnership India does not restrict the involvement of several owners. There can any number of owners mutually running a company who can later share the profits among themselves.
  • You are liable to get relaxation on tax on several occasions such as the dividend paid out to the shareholders are not tax payable. However, each individual has to file tax regarding other aspects of the business.
  • Less registration costs
  • Offers much better and flexible work environment.

Disadvantage

  • Including additional owner can sometimes get difficult.
  • Difficulty in granting Foreign Direct Investment (FDI)

Procedure Which Are Required To Follow By A Private Company For Incorporation


Verification

Name Check

Application Process

Incorporation

Why Hike Incorporation Services?


Mentioned below are some of the advantageous factors which might help you to consider our incorporation services.

Quicker Service

If you are looking for someone who can provide you with Pvt. Ltd. Company registration services in a hassle free manner, we are the ones. Hike Incorporation is offering its services for years and we have managed to provide all our clients with easier and faster incorporation services.

Highly qualified professionals

We have some of the best Company Secretaries to back us up on our claims. Thus, with years of experience in this field, we along with our best professionals can provide you with world class services.

No hidden charges

Hike Incorporation can assure you that there are no hidden charges applicable with our incorporation services. You can no doubt get to us with all your needs.

Easier process

The best part about seeking our services is that you don't have to physically embarrass yourself to register your company. We offer online application process to all those who looking for Pvt. Ltd. Company registration in India.

Best work

All our clients who have already indulge in business with us knows about the quality of the work that we offer. If you are thinking about choosing our services, you don't have to worry about anything else.

Cheap

Contrary to all those incorporation service providers in India, we do offer an affordable service to all. Thus, you can no doubt rely on us with your work.

Company vs. LLP: What is the Difference?


Learn about specific features of each business structure from below table to find most suitable structure for your Startup

Starts from
15,000/-

Private Limited Company

  • Attract Venture Capital Funds & Angel
  • Protects Personal Assets of Founders
  • Separate Legal Status from Founders
  • Easy Ownership Transfer with less restrictions
  • Easy Exit Options
  • Stable Form of Business
  • Brand Recognition
  • Separate Management
Starts from
25,000/-

Public Limited Company

  • Access to Capital Market & Public Funding
  • Protects Personal Assets of Founders
  • Separate Legal Status from Founders
  • Easy Ownership Transfer
  • Complex Compliance Requirements
  • Limited Personal Control
  • Public Disclosure of Company Information
Starts from
13,000/-

Limited Liability Partnership

  • Protects personal assets of founders
  • Separate Legal Entity
  • Less Compliance Requirement
  • Suitable for small businesses
  • Less Formation Cos
  • No financial audit required
  • upto certain turnover or capital
  • Investments possible but very rare
  • Complex Exit Options

Starts from
15,000/-

One Person Company

  • Protects personal assets of founders
  • Separate Legal Entity
  • Less Compliance Requirement
  • Suitable for small business and single owner
  • Easy Exit Options
  • Only Indian Citizens can form OPC
  • Full Control on Ownership & Management
  • Easy Ownership Transfer

LLP Incorporation Procedures

The only probable hurdle that you will face while setting up your business is registering it under The Indian Companies Act, 2013. However, you can also get everything done very easily if you could hire incorporation services. These services can provide you with world class services from LLP online registration to finally incorporating it under MCA.
Hence, make wise decisions before jumping to hasty conclusions. An incorporation service provider can actually help you a lot to establish your business.

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