One of the highly recommended approaches to initiate a business in India involves establishing a private limited company, which grants limited liability to its shareholders and imposes specific ownership restrictions. In the case of an LLP, the management is handled by the partners. Conversely, a private limited company allows for a separation between directors and shareholders.
TERA TERA TAX ADVISOR, serving as your reliable legal advisor, offers a cost-effective service to register your company in India. We take care of all the legal procedures and ensure compliance with the regulations established by the Ministry of Corporate Affairs (MCA). Upon successfully completing the registration process for a private company, we provide you with an Incorporation Certificate (CoI), along with PAN and TAN documents. Equipped with these documents, you can easily open a business bank account and commence your operations.
Advantages & Benefits
Minimum Compliance
LLP is not required to carry out its Audit if its turnover is below Rs 40 Lakhs or if contribution is not more than Rs. 25 lakhs
Continuity of Business
LLPs have continuous existence regardless of partner changes and can enter contracts and hold property in their own name.
Stability & Growth
Running business as LLP is more stable and it creates growth opportunities as compare to other forms of business entity
Easy Bank finance
Due to higher level of confidence, Bank, Venture capitalists and financial institutions are more than willing to finance any LLP
Personal Liability Shield
Partners of LLP are not personally held liable and their personal assets cannot be attached for the work of LLP
Startup India Benefits
LLP can avail Startup India benefits like Income tax exemption for 3 Years, Seed Funding support etc.