India:
Company vs LLP vs Partnership
10 October 2016
Rajani Associates
To print this article, all you need is to be registered or login on Mondaq.com.
An entrepreneur planning to start a new business venture has
couple of questions before choosing a business entity for its
business. Its decision would be based on a number of factors, viz.
nature of business, cost of registration, number of members, extent
of compliances required, benefits that each entity brings to the
business, etc. Further with the introduction of the Companies Act,
2013 and concepts like LLP and One Person Company, entrepreneurs
have a wide array of business entities to choice from. Therefore,
it is wise for an entrepreneur to make a comparison between a
Company, a LLP and a partnership Firm and understand the
legalities, advantages and disadvantages of each of them.
We have, herein below, provided a comparison of some of
the features of a Partnership Firm vis-à-vis a Limited
Liability Partnership and a Company in the form of frequently asked
questions that entrepreneurs usually have prior to selecting a
particular type of entity.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from India
Private Equity And M&A In India: What To Expect In 2024?
Nishith Desai Associates
2023 was a year of unexpected headwinds, such as the hiking of interest rates by governments across the world, the banking sector instability in the US and Europe, the Russia-Ukraine and Israel-Hamas conflict, to name a few.
Revisiting Representation And Warranty Clauses
Obhan & Associates
Clauses related to representations, warranties and indemnifications are widely negotiated clauses of commercial contracts especially in M&A transactions. The interests of the parties to a contract typically do not align with respect ...
A Guide To Share Purchase Agreements
Gravitas Legal
Share Purchase Agreement is an agreement entered into between the buyer and seller(s) of shares of a target company. Usually Share Purchase Agreements entail that the buyer would be taking over...
ESOPs And SARs: From Ownership To Appreciation
Alaya Legal
Louis Ortho Kelso, a political economist and lawyer, back in 1956, created the first employee stock ownership scheme based on his belief that the ownership of a company...