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Company/OPC/LLP Registration

LLP Registration in India

LLP registration in India has become an alternative form of business that provides the benefits of a company and the flexibility of a partnership firm in the same organization. The concept of LLP in India was introduced in 2008 by the Limited Liability Partnership Act 2008. This unique hybrid is suitable for setting up small and medium-sized businesses.

It is very easy to manage and incorporate a Limited Liability Partnership in India. A minimum of two partners are required to register LLP, there is no such upper limit. The LLP agreement states the rights and duties of the partners. In LLP one partner is not responsible for the misconduct and negligence of the other partner. The partners are responsible for compliance and all the provisions specified in the LLP agreement.

OPC Registration in India

One person company in India is a new concept that has been introduced with the Companies Act 2013. A One Person Company in India is incorporated by an individual. Before the enactment of the Companies Act 2013, not a single person was able to set up a company. An OPC has the characteristics of a company and the benefits of a sole proprietorship. Earlier if a person had to set up a business then he should opt for sole proprietorship only.

As per Section 2 (62) of the Companies Act 2013, a company can be formed with only 1 director and 1 member. Person company registration in India is a type of entity having lower compliance requirements as compared to a private limited company.

A-One Person Company Registration in India can be obtained under the Companies Act 2013 with only one member and one director. Directors and members can also be the same person. Here a person who can be a resident or non-resident Indian can register an OPC in India.

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