Business | infograph... • 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 protection. Easy to raise funding from investors. Separate legal identity. Perpetual existence. Recognized and trusted business structure. Cons: Higher compliance and legal formalities. Mandatory audits every year. Higher registration and maintenance cost. Requires professional help (CA/CS). Ownership transfer needs documentation. --- 2) LLP (Limited Liability Partnership) Eligibility: Minimum 2 partners (1 must be Indian resident). Pros: Limited liability for partners. Lesser compliance than Pvt Ltd. No audit required if turnover < ₹40 lakh. Separate legal entity. Best for service-based businesses. Cons: Cannot raise equity funding easily. Can't issue shares. Less recognized by investors. Annual MCA filing is mandatory. Conversion to Pvt Ltd is complex. --- 3) Partnership Firm Eligibility: Minimum 2 partners. (Registration optional) Pros: Very easy and cheap to start. Minimal compliance. Full control and flexibility. No MCA involvement. Good for small/traditional businesses. Cons: Unlimited liability. Not a separate legal entity. Hard to raise external funds. Less legal protection. Ends if a partner leaves or dies.
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If you're Planning to Start Your "Entrepreneurial Journey" What path you gonna choose and why? 1️⃣ Joining a Startup: Pros: Immersive experience, understanding of business realities, and skill development. Cons: Instability and limited resources.
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The Institute of Chartered Accountants of India • 8m
Why LLP is the Best Way to Launch a Startup? 🚀🚀 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 India • 8m
Why LLP is the Best Way to Launch a Startup? 🚀🚀 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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Should You Raise Fund or Bootstrap? Here’s a Reality Check Every founder faces this question: Should you raise external funding or bootstrap your startup? Both paths have pros and cons, and the right choice depends on your business goals, risk tol
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vidhaan is a SaaS Legal Platform is an all-in-one solution providing cloud-based and physical legal document services. Designed to serve individuals, enterprises, and legal professionals, our platform streamlines compliance management, automates lega
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"Sole Proprietorship vs. Private Limited— Imagine this: You’re launching your dream business. You’ve got the idea, the drive, and maybe even your first few clients. But then, the big question hits you— "Should I register as a Sole Proprietor or a
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