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Upper Hands

Founder • 2d

Which One is better for business

Tarun Suthar
•

The Institute of Chartered Accountants of India • 1d

go for LLP, if you need any help for registration or anything, dm

Samanth Shetty

Building Nestsure • 1d

Why do you suggest LLP ? Any particular reason ?

Tarun Suthar
•

The Institute of Chartered Accountants of India • 1d

Its easy to setup with minimum cost. and can be converted to pvt ltd further.

https://medial.app/post/67a1fc0cc3b3904a8214b0dd

1 Reply

Replies (1)

Samanth Shetty

Building Nestsure • 1d

According to your post everyone would open LLP if it was that beneficial. But in reality it's not as good / perfect for start-up has a lot of disadvantages. 1. You need minimum 2 partner 2. You can't raise funds for LLP unless and until you add them as partners. ( it's most difficult part and impossible sometimes ) 3. Ease and exit of LLP ? It is so hard to exit / dissolve LLP. Exit ? No there is no exit option in LLP no one will Accquire LLP / LLP can't go IPO 🙂 4. Alot more.... Only advantage is that you don't need paid up capital for registration that's it !

1 Reply

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