LLC Company Registration in India – LLCs or Limited Liability Companies are a business setup that is gaining popularity for its various advantages over other businesses. The business setup is framed to protect the owners from any debts or financial losses as the business is considered a separate entity. Many businesses and entrepreneurs have gained preference for LLC for its variety of benefits over other conventional business setups. If you looking forward for LLC Company Registration in India, Prakasha & Co. is there to offer you the support needed.
Our team of legal experts are well-versed with the different types of LLCs registration and extend comprehensive support for completing the registration on time. You can partner with us for a smooth LLC Company Registration in India and stay focused on your business operations. Read further to learn more about the LLC registration process in India and role of Prakasha & Co. in offering full support throughout the procedure.
What is LLC Company Registration and Its Different Types?
The Indian Companies Act defines LLC or Limited Liability Company a type of business structure where the business is considered a separate identity and owners are not responsible for any debts or financial losses. There are various types of LLC companies that can be formed based on the liability of partners, flexibility in management, control by owners and various other factors. Some of the common types of LLC company registrations are briefed below:
- Limited Liability Partnership (LLP)
- Private Limited Company
- One Person Company (OPC)
- Public Limited Company
Most of companies and businesses choose from one of these company registration types for setting up the legal identity of their business. Let’s discuss what are some of the key points that differentiate these business structures from each other.
| Type of LLC | Description |
Benefits |
| Limited Liability Partnership (LLP) | A hybrid structure combining features of a partnership and a company, requiring at least two partners. | – Limited liability for partners
– Separate legal entity – Flexibility in management |
| Private Limited Company | A privately held business entity with a minimum of 2 and a maximum of 200 members. | – Limited liability for shareholders
– Easier access to funding – Less regulatory compliance |
| One Person Company (OPC) | A company structure allowing single ownership while providing limited liability protection. | – Limited liability for the owner
– Simplified compliance – Full control by the owner |
| Public Limited Company | A type of company that can sell shares to the public and has no restrictions on shareholder numbers. | – Ability to raise capital from the public
– Enhanced credibility – Limited liability for shareholders |
List of Documents for LLC Company Registration in India
There are various documents needed for a successful LLC Company Registration in India and ensuring the legal verification of the business. These documents are crucial for establishing the identity of owners and for the legal verification of the business. You can also get in touch with the experts at Prakasha & Co. to arrange all the required documents and avoid any last minute hassle. Here is a list of documents needed for the company, directors, and shareholders.
Documents Needed for Company:
- Memorandum of Association (MoA)
- Articles of Association (AoA)
- Digital Signature Certificates (DSCs)
- Proof of Registered Office
Documents Needed for Directors and Shareholders:
- Identity Proof
- Address Proof
- Photographs
- Permanent Account Number (PAN) card
Benefits of LLC Company Registration
The LLC company registration offers a wide array of advantages over conventional business structures. These benefits highlight the flexibility and vast growth potential of LLC company registration in India. Read through this list of benefits to learn more about how LLC is a more suitable business structure in various business setups.
- Going for LLC registration offers more flexibility for ownership structure, management, and taxation compared to a corporation.
- Maintaining confidentiality and keeping your affairs private is easier as LLC company registration does not require you to disclose any information or arrange shareholder’s meetings.
- The LLC business structure is not liable to double taxation like a corporation. This saves a lot of money at the individual level.
- LLC is also ideal for small businesses as it does not require the owners to hold annual shareholder meetings or prepare detailed financial reports.
- It also offers protection to the business owners from any debts or financial losses. This protects the owners from being personally held responsible for the debts.
Partner With Prakasha & Co. for LLC Company Registration in India
Prakasha & Co. is a well-renowned business consultation firm offering comprehensive assistance for LLC company registration in India. We are a team of Company Secretaries, CA, GST experts, and legal experts working to offer elaborate business consultation. Choosing us ensures a smooth LLC Company Registration in India for our clients and helps avoid any errors or obstacles.
Our experts take care of the entire registration process and offer support for arranging the documents and fulfilling all the requirements. The key benefits of choosing Prakasha & Co. for assistance needed for LLC company registration are briefed below:
- 24/7 support is offered to all the business owners
- Well-versed legal experts to take care of the registration process
- Services offered at a cost-effective price
- Show compliance to all the standards and laws
- Stay attuned to the specific demands of business owners
Contact Prakasha & Co. At
Address: 188/1, Sahakarnagar, Bangalore-92
Phone: +91 7019 827 351
Email: Prakashaandco@gmail.com
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