Can I Register My Startup as a Private Limited Company or Should I Go for an LLP?” 🏢🔍💡 A question that frequently pops up among aspiring entrepreneurs: 👉 “Should I register my startup as a Private Limited Company or opt for a Limited Liability Partnership (LLP)?” 💥 #StartupIndia #BusinessStructure #PrivateLimitedCompany #LLPIndia #LegalStructure #IndianBusinessLaw ✅ Short Answer: It depends on your business needs, but here’s a quick rundown of both options: 🏢 vs. 🤝 Private Limited Company (PLC) Ownership : Shareholders (min 2) Liability : Limited to share capital (personal assets are safe!) 🛡️ Taxation : Corporate tax rate (with tax benefits for startups) 💰 Pros : Attracts investors, higher credibility, scalability 🚀 Cons : More paperwork and compliance, higher costs 📈 Limited Liability Partnership (LLP) Ownership : Partners (min 2, no upper limit) Liability : Limited to the partner’s contribution ✋💼 Taxation : Pass-through taxati...
What Should I Include in a Contract for My Startup? 🚀💼📑” You’ve got the vision, the idea, and the drive to start your business. But hold on! Before you dive in, have you thought about contracts ? 🤔 The right contract can make or break your startup — no pressure, right? 😅 🔥 Client Question of the Day : “What should I include in a contract for my startup?” #StartupContracts #BusinessStartupIndia #LegalStartups #LexisAndCompany 🎯 Answer : Starting a business is exciting, but it also means creating strong legal frameworks to protect yourself. Here's a checklist of key clauses every startup contract should have — because the last thing you want is a “surprise” lawsuit! 😬 📌 #StartupIndia #BusinessContracts #LegalProtectionForStartups 🧑⚖️ Key Clauses to Include in Your Startup Contract : 1️⃣ Scope of Work (SoW) Clearly define what each party is responsible for. Be specific! Is it product development? Marketing? Support? The clearer the terms, the fewer the misunder...