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Upper Hands

Founder • 7m

Which One is better for business

Tarun Suthar
•

The Institute of Chartered Accountants of India • 7m

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

Samanth Shetty

Be yourself • 7m

Why do you suggest LLP ? Any particular reason ?

Tarun Suthar
•

The Institute of Chartered Accountants of India • 7m

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

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

Samanth Shetty

Be yourself • 7m

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

Tarun Suthar
•

The Institute of Chartered Accountants of India • 7m

1. You also need 2 members for a pvt ltd company. 2. This is a myth, LLP can raise funds, but at certain point its restricted. 3. It's easier to dissolve an LLP easier compared to pvt ltd. 4. for, LLP, or Pvt Ltd they can't issue public offer, they

Samanth Shetty

Be yourself • 7m

1. You need 2 members in Pvt ltd not 2 partners. 2. That isn't a myth it's an experience lol. Ask anyone how many have raised with LLP let's see. It's not possible to raise funds from Angels / VC's by LLP. 3. No it isn't easier to dissolve an LLP comparing to pvt Ltd, Inactive pvt Ltd can just use fast track strike off. 4. LLP to go public and to convert it will take your brains out of our heads. alot complex from pvt Ltd to public. My dad has LLP ( Only easier for debt funding, not external funding 😃 ) Filing IP in LLP is like one more headache and it's not credible. Pvt Ltd can file IP easily it's most required too and also easily credible in India business structure

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Tarun Suthar
•

The Institute of Chartered Accountants of India • 7m

Yes, I agree, some sort of restriction, but the compliance is less. It's great for some types of businesses getting started. And it totally depends on it. My dad usually recommends LLP.

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