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1 day ago · Defining a Private Limited Company. A private limited company (Pvt Ltd) in India is a privately held business entity suitable for small businesses. This structure limits shareholders’ liability to their shares and restricts the number of shareholders to 200. Key characteristics include:
1 day ago · Regardless of the nature of the business or the currency used, the annual audit of these companies should be audited annually. In contrast, a limited liability partnership (LLP) is required to be legal only if its turnover exceeds 4 million or its capital issued exceeds 2.5 million in any financial year accountability.
4 days ago · Section 3 of the Limited Liability Partnership Act, 2008 says that a limited liability partnership is a body corporate formed and incorporated under the said Act and is a legal entity separate from that of the partners. Section 14 of the said Act provides that on registration, a limited liability partnership shall, by its name,….
3 days ago · We at PKM provides advisory on selection of appropriate Business entity structure considering business need. Broadly Limited Liability Company (LLC) and Limited Liability Partnership (LLP) are well accepted business structures. Our range of services includes: Name approval; Directors/foreign Director appointment and securing his digital signature
4 days ago · The liability of the partners is unlimited. Private Limited Company: In a private limited company, the number of shareholders is limited to a maximum of 200, shareholders’ right to transfer shares is restricted, and an invitation to the public to subscribe to any shares or debentures is not allowed.
5 days ago · For a Limited Liability Partnership (LLP), regular filing of returns is essential to uphold LLP compliance standards and steer clear of substantial penalties for non-compliance. LLPs benefit from a relatively lighter annual compliance burden compared to private limited companies.
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4 days ago · Options range from sole proprietorship and partnerships to limited liability partnerships (LLPs) and private limited companies. Each structure comes with its own set of legal implications, tax considerations, and compliance requirements. Step 2: Choosing a Unique Company Name:
