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Yes, an LLP (Limited Liability Partnership) can have a co-founder. The partners in an LLP are essentially co-founders. However, bringing in external investment can be tricky because LLPs don't issue shares like a private limited company. Investors prefer equity over profit-sharing agreements.
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The Institute of Chartered Accountants of Indiaย โขย 8m
Why LLP is the Best Way to Launch a Startup? ๐๐ Starting a business is an exciting yet challenging journey. Choosing the right legal structure is crucial, as it impacts taxation, liability, compliance, and growth. Among various options, a Limited
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The Institute of Chartered Accountants of Indiaย โขย 7m
Why LLP is the Best Way to Launch a Startup? ๐๐ Starting a business is an exciting yet challenging journey. Choosing the right legal structure is crucial, as it impacts taxation, liability, compliance, and growth. Among various options, a Limited
See MoreBusiness | infograph...ย โขย 5m
If you ever wonder to start a company, you should have to know this. There are three types of companies: 1) Private Limited Company Eligibility: Minimum 2 directors and 2 shareholders (at least 1 Indian resident). Pros: Limited liability protecti
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CompSciย โขย 1y
Starting a startup in India involves several legal considerations. Here's a detailed point-wise list of the general legal processes : 1. Choose a Business Structure : Decide on the legal structure of your startup, such as Sole Proprietorship, Partne
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Iโm working on my startup idea and planning to raise funding from government entities like Startup India, Startup UP, or MeitY Startup Hub. To participate, I need to register my company. Should I go with a partnership firm or a private limited compan
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I'm thinking of starting an export buisness. Not sure which type of business should I register with? Partnership/Private Limited/LLP. To be specific, I'm not sure if the importers are looking for a more credible organization like pvt ltd. to do bus
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Why should a startup opt for a Private Limited Company only? 1. Easy Fundraising from Investors Investors & VCs prefer Pvt Ltd because they can get equity (shares) in exchange for investment. Proprietorships and LLPs cannot issue shares, making fun
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