Can I Register My Startup as a Private Limited Company or Should I Go for an LLP?” π’ππ‘ A question that frequently pops up among aspiring entrepreneurs: π “Should I register my startup as a Private Limited Company or opt for a Limited Liability Partnership (LLP)?” π₯ #StartupIndia #BusinessStructure #PrivateLimitedCompany #LLPIndia #LegalStructure #IndianBusinessLaw ✅ Short Answer: It depends on your business needs, but here’s a quick rundown of both options: π’ vs. π€ Private Limited Company (PLC) Ownership : Shareholders (min 2) Liability : Limited to share capital (personal assets are safe!) π‘️ Taxation : Corporate tax rate (with tax benefits for startups) π° Pros : Attracts investors, higher credibility, scalability π Cons : More paperwork and compliance, higher costs π Limited Liability Partnership (LLP) Ownership : Partners (min 2, no upper limit) Liability : Limited to the partner’s contribution ✋πΌ Taxation : Pass-through taxati...
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