An Indian Private Limited Company is a hybrid between a partnership firm and a publicly-traded company. A minimum of two people is required to register. In a Private Limited Company, a person can be both a shareholder and a director. The shareholders of a Private Limited Company are shielded from personal liability and other legal ramifications.
Private Limited Company:
For private limited companies (PLCs), each member’s liability is limited to the number of shares he or she holds. After receiving the Certificate of Incorporation, an Indian Private Limited Company can begin operations. The time it takes to incorporate a PLC is about 15 business days.
Limited liability partnership:
Limited liability partnership is referred to as an LLP. Some of the features of LLPs are similar to those of traditional partnerships while others are similar to those of corporations. There are many reasons why LLP Registration has become so popular, but the most important one is that it is simple to form and maintain. Owners benefit from this by reducing their exposure to lawsuits. Compared to a traditional partnership firm, a Limited Liability Partnership has the greatest advantage.
Because an LLP company has both the advantages of a private limited company and a partnership firm, it is ideal for businesses. Individual partners are protected from joint liability arising from the misconduct of another partner because no partner is liable for the unauthorized actions of other partners. Professionals, microbusinesses, and small businesses with a family or small group of shareholders often choose the LLP structure. Limited liability company (LLP) registration is the easiest and most transparent process because it combines the advantages of a company and a partnership firm.
Society Registration:
Online registration in India has made forming a society more accessible and convenient. It eliminates the need for physical visits to government offices, saving time and effort for the applicants. The registration process involves filling out an online form, submitting required documents, and paying the registration fees online. The applicant can track the application status and receive the registration certificate via email. Online society registration has simplified the process, encouraged more people to form societies, and promoted transparency in governance.