Partnership

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Silver

2,999 / - All Inclusive
  • Partnership
  • PAN + TAN
  • Unique Logo
  • 500 Business Cards
  • Website with Domain name
  • One Month Digital Marketing
  • Trade Mark Registration of Logo
Choose Plan

Gold

4,999 / - All Inclusive
  • Partnership
  • PAN + TAN
  • Unique Logo
  • 500 Business Cards
  • Website with Domain name
  • One Month Digital Marketing
  • Trade Mark Registration of Logo
Choose Plan

Platinum

11,999 / - All Inclusive
  • Partnership
  • PAN + TAN
  • Unique Logo
  • 500 Business Cards
  • Website with Domain name
  • One Month Digital Marketing
  • Trade Mark Registration of Logo
Choose Plan

How it works?

Caparison between Partnership, LLP & Company

PARTICULARSPARTNERSHIPLLP COMPANY

Governing Act

 Partnership is governed by ‘The Indian Partnership Act, 1932’ and various Rules made there under. Limited Liability Partnership are governed by ‘The Limited Liability Partnership Act, 2008’ and various Rules made there under. Companies are governed by ‘Companies Act, 2013’.

Registration of Business

 Registration with Registrar of Firms is optional. Registration with Registrar of LLPs required. Registration with Registrar of Companies required.
Funding Cannot raise capital from VCs and PE firms. Cannot raise capital from VCs and PE firms. Can raise capital from VCs and PE firms. Further the Public Limited companies can also raise funds from people.

Perpetual Succession

 It does not have perpetual succession as this depends upon the will of partners. It has perpetual succession and partners may come and go. It has perpetual succession and members may come. and go

Number of Members

 Minimum 2 and Maximum 20. Minimum 2 partners and there is no limitation of maximum number of partners. 2 to 200 members in case of Private Company and Minimum 7 members in case of Public Company.

Liability of Partners/Members

 Unlimited. Partners are severally and jointly liable for actions of other partners and the firm and liability extend to their personal assets. Limited, to the extent their contribution towards LLP, except in case of intentional fraud or wrongful act of omission or commission by the partner. Generally limited to the amount required to be paid up on each share.

Tax Liability

 Income of Partnership is taxed at a Flat rate of 30% plus education cess as applicable. Income of LLP is taxed at a Flat rate of 30% plus education cess as applicable. Income of Company is Taxed at a Flat rate of 30% Plus surcharge as applicable.

Dissolution

 By agreement, mutual consent, insolvency, certain contingencies, and by court order. Voluntary or by order of National Company Law Tribunal. Voluntary or by order of National Company Law Tribunal