User Intent Many businesses initially opt for a Limited Liability Partnership (LLP) due to its flexible structure and tax benefits. However, as the business grows, transitioning to a Limited Liability Company (LLC) becomes an attractive option for various legal, tax, and operational advantages. This guide will walk you through the step-by-step process of… Read More »
Business partnership vs LLC A business partnership and a limited liability company (LLC) are two distinct legal structures for businesses. Business partnership vs LLC: 1.Liability Protection: Partnership: In a partnership, partners have unlimited personal liability for the debts and obligations of the business. This means that if the partnership cannot meet its financial obligations, partners… Read More »
Difference between limited and private limited When setting up a business, choosing the right type of company structure is crucial for legal and financial reasons. In many jurisdictions, including India, the terms “Limited” and “Private Limited” denote different types of companies with distinct characteristics, benefits, and limitations. What is a Limited Company? A Limited Company… Read More »