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Fast LLP Registration Services In India | 24X7 Online Portal n

Fast LLP Registration Services In India | 24X7 Online Portal

Apply for LLP Registration Online at lowest fees in India by Online Legal India. Easy Process and Documentation. Register for Limited Liability Partnership Now!

Comparison

 

Private Limited Company One Person Company Limited Liability Partnership Partnership Firm Proprietorship Firm
Act Companies Act, 2013 Companies Act, 2013 Limited Liability Partnership Act, 2008 Indian Partnership Act, 1932 No specified Act
Registration Requirement Mandatory Mandatory Mandatory Optional No
Number of members 2 – 200 Only 1 2 – Unlimited 2 – 50 Only 1
Separate Legal Entity Yes Yes Yes No No
Liability Protection Limited Limited Limited Unlimited Unlimited
Statutory Audit Mandatory Mandatory Dependent Not mandatory Not mandatory
Ownership Transfer ability Restricted No Yes No No
Uninterrupted Existence Yes Yes Yes No No
Foreign Participation Allowed Not Allowed Allowed Not Allowed Not Allowed
Tax Rates Moderate Moderate High High Low
Statutory Compliance High Moderate Moderate Less Less

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