Pvt Ltd OR LLP for a Startup

[Inder]

Hi,

Hope everyone is doing great!

I am in the process of registering my startup and trying to decide upon the type of incorporation.

From your own experiences, Can founders suggest which type of Incorporation is best suited for startup especially in the Software Consulting and Services space?

I am contemplating whether to go for Private Limited Company or LLP. 

Inder Sen
http://about.me/indersen/bio

[Navin Kumar]

Inder,

This depends on your existing and upcoming needs (atleast 2-3 years from now). Few factors you should consider are:

1. Revenues

2. NRI involvement

3. Funding

You can also check more options here: http://elagaan.com/business/how-choose-my-business

Let me know if you need support to get the company registered. We can also discuss on your requirements and then suggest you accordingly.

Thanks

Navin

eLagaan.com

9886006711

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[unikpro k]

Hi,

 

Even I have a similar requirement. And can not decide on which one to go for ie a Pvt Ltd or a LLP.

Thanks for the link thou.

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Rahul Co - Founder Green

 

[Shashank Gupta]

I too need a cost effective service for this and i am unable to decide b/w both , need someone from delhi to do this .

Shashank Gupta

[sainath gupta]

I think initially one can go by a partnership deal on a bond paper of Rs 500/-, then when the company is doing good, one can go can go for a pvt. ltd company.

Yours Truly,

Sainath Gupta

CEO, Bajarangs

Mentor - MentorEdge, CIIE, IIM Ahmedabad

Partner, Asara Infrastructure Pvt Ltd.

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[Shrinivas Joshi]

Each have their own advantages/disadvantages, also note that LLP is relatively new so LLP may not be acceptable to vendors

e.g. http://www.pluggd.in/limited-liability-partnership-llp-company-comparison-297/ mentions that DOT does not approve leased lines for LLP's.

So you need to look for what you need, and as Sainath has suggested form a partnership first and then convert at a later stage to a company or LLP..


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Shree

On Fri, Feb 25, 2011 at 4:14 PM, Inder <inde...@gmail.com> wrote: