{"id":788,"date":"2019-02-22T11:28:31","date_gmt":"2019-02-22T11:28:31","guid":{"rendered":"http:\/\/www.companyregistrationinbangalore.in\/blog\/?p=788"},"modified":"2019-02-22T11:49:57","modified_gmt":"2019-02-22T11:49:57","slug":"comparison-company-llp","status":"publish","type":"post","link":"https:\/\/www.companyregistrationinbangalore.in\/blog\/comparison-company-llp\/","title":{"rendered":"Comparison of Company and LLP"},"content":{"rendered":"\n<p>A comparative analysis between a company registered under the companies act 1956 and an <a href=\"http:\/\/www.companyregistrationinbangalore.in\/llp-registration-bangalore.php\">LLP registered <\/a>under LLP act 2008 has been made on different parameters to create the reader to know the fine differences between both the business structures: <\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.companyregistrationinbangalore.in\/blog\/wp-content\/uploads\/2019\/02\/Artboard-3brochure-1-1024x538.jpg\" alt=\"Comparison of LLP and Company\" class=\"wp-image-792\" width=\"540\" height=\"283\" srcset=\"https:\/\/www.companyregistrationinbangalore.in\/blog\/wp-content\/uploads\/2019\/02\/Artboard-3brochure-1-1024x538.jpg 1024w, https:\/\/www.companyregistrationinbangalore.in\/blog\/wp-content\/uploads\/2019\/02\/Artboard-3brochure-1-300x158.jpg 300w, https:\/\/www.companyregistrationinbangalore.in\/blog\/wp-content\/uploads\/2019\/02\/Artboard-3brochure-1-768x403.jpg 768w, https:\/\/www.companyregistrationinbangalore.in\/blog\/wp-content\/uploads\/2019\/02\/Artboard-3brochure-1.jpg 2000w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/figure>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Governing Law <\/strong><\/p>\n\n\n\n<p class=\"has-text-color has-very-dark-gray-color\"><em>Company<\/em>: companies act 1956 and rules made thereunder<\/p>\n\n\n\n<p><strong>LLP<\/strong>: LLP act 2008 and rules made thereunder. <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Company Registration <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: Mandatory<\/p>\n\n\n\n<p><strong>LLP<\/strong>: Compulsory <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>DIN\/DPIN: <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: Each director is need to have a DIN before appointing a director<\/p>\n\n\n\n<p>Each director is need to have a DIN before appointing a director<\/p>\n\n\n\n<p><strong>LLP <\/strong>: Each designated partner is need to have a DPIN ( it contains 226A, 226B, and 266E of the companies act 1956) before appointing as a designated partner. <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>DSC: <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: &nbsp;At least one director of the <a href=\"http:\/\/www.companyregistrationinbangalore.in\/\">company <\/a>should have a digital signature<\/p>\n\n\n\n<p><strong>LLP<\/strong>: At least one designated partner should have a digital signature<\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Minimum number of partners\/members: <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: Minimum 2 for private limited company and 7 for public limited company<\/p>\n\n\n\n<p><strong>LLP<\/strong>: Minimum 2 partners <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Designated partners\/ Managing\npartners\/ Directors <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: Appointment of Managing Director, Manager, Whole-time Director to be made in case of public companies having paid-up share capital of 5 crore or more. <\/p>\n\n\n\n<p><strong>LLP<\/strong>: No other obligatory need viz, appointment of Company Secretary, Whole-time Partner, Manager. <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Maximum number of members <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: In case of <a href=\"https:\/\/www.solubilis.in\/private-limited-company-registration-chennai.php\">private limited company<\/a> maximum 50 and no maximum numbers of members in public limited company. <\/p>\n\n\n\n<p><strong>LLP<\/strong>: No cap on the maximum number of partners. <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Compulsory for a Designated Partner\/\nDirector\/ Member\/ Managing partner to be a partner<\/strong><\/p>\n\n\n\n<p>&nbsp;<em>Company <\/em>: Director need not to be a shareholder\/member of the company<\/p>\n\n\n\n<p><strong>LLP <\/strong>: Designated partner has to be a partner of the company <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Legal fee for the registration of\ncompany\/LLP: <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: Minimum typical legal fee for <a href=\"http:\/\/www.companyregistrationinbangalore.in\/\">private limited company registration <\/a>with a share capital of Rs.1,00,000 and approximately Rs.6000. The minimum typical fee for public limited company registration with a share capital of Rs.10,00,000 and an approximately of Rs.30,000.<\/p>\n\n\n\n<p><strong>LLP<\/strong>: Minimum suggestive legal fee for LLP registration is not exceeding of Rs.100000 and approximately Rs.1000. The fee for LLP registration is also not exceeding Rs.10,00,000 with an approximate amount of Rs.6000. <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Name: <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: Suffix \u201cLimited\u201d or \u201c<a href=\"https:\/\/www.solubilis.in\/private-limited-company-registration-chennai.php\">Private Limited<\/a>\u201d has to be added in the company name. <\/p>\n\n\n\n<p><strong>LLP<\/strong>: Suffix \u201cLLP or Limited Liability Partnership\u201d is to be added in the name. <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Changes of the registered office\nwithin the same state <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: A company can change its registered office from one place to another within a state only upon confirmation by the regional director. <\/p>\n\n\n\n<p><strong>LLP: <\/strong>LLP may change the registration office of their current location by observing the method put down in the <a href=\"https:\/\/www.solubilis.in\/chennai\/llp-registration-chennai.php\">LLP <\/a>agreement and file the details to improve with the registrar in the specified form. <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Authority to conduct business <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: Individual member or nominee\/non-executive director does not have authority in conduct of business of the company. <\/p>\n\n\n\n<p><strong>LLP<\/strong>: The LLP contract offers to the opposite; every partner may involvement in the LLP administration. <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Drawings: <\/strong><\/p>\n\n\n\n<p><em>Company: <\/em>Drawings are not permitted <\/p>\n\n\n\n<p><strong>LLP<\/strong>: Drawings are permitted as per the <strong>LLP <\/strong>agreement <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Annual return <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: Annual return is need to be registered with the ROC annually in the required look<\/p>\n\n\n\n<p><strong>LLP<\/strong>: Annual return is need to be registered with the ROC annually in the required structure<\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Transfer of shares\/partnership rights\nin case of death<\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: Shares of every company (except private limited company). Because it is freely transferable<\/p>\n\n\n\n<p><strong>LLP<\/strong>: Rights\/interest of partners in <a href=\"http:\/\/www.companyregistrationinbangalore.in\/\">LLP <\/a>are transferable as per the LLP conditions. <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Taxation <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: It is considered as a separate taxable entity under the Income Tax Act 1961<\/p>\n\n\n\n<p><strong>LLP<\/strong>: It is treated as a partnership firm under the Income Tax Act 1961<\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Preservation of books of account <\/strong><\/p>\n\n\n\n<p><em>Company<\/em>: 8 years <\/p>\n\n\n\n<p><strong>LLP<\/strong>: 8 years <\/p>\n\n\n\n<p class=\"has-text-color has-luminous-vivid-orange-color\"><strong>Formalities of incorporation: <\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"444\" height=\"301\" src=\"https:\/\/www.companyregistrationinbangalore.in\/blog\/wp-content\/uploads\/2016\/10\/newcompanyregistrationinchennai.jpg\" alt=\"PROCEDURES.\" class=\"wp-image-46\" srcset=\"https:\/\/www.companyregistrationinbangalore.in\/blog\/wp-content\/uploads\/2016\/10\/newcompanyregistrationinchennai.jpg 444w, https:\/\/www.companyregistrationinbangalore.in\/blog\/wp-content\/uploads\/2016\/10\/newcompanyregistrationinchennai-300x203.jpg 300w\" sizes=\"auto, (max-width: 444px) 100vw, 444px\" \/><\/figure><\/div>\n\n\n\n<p><em>Company<\/em><\/p>\n\n\n\n<p>Different documents \/ statements executed in specified formats pre-filled in e-forms (containing consent of directors) are need to be registered with the ROC with the <a href=\"https:\/\/www.solubilis.in\/company-registration-chennai.php\">company registration<\/a> fees. The MoA and AoA are need to be registered as per the conditions of the companies act. It is specified in detail in Part II of the companies act. <\/p>\n\n\n\n<p><strong>LLP<\/strong><\/p>\n\n\n\n<p>Different documents\/ statements performed in specified formats pre-filled in designated e-forms (containing consent of designated partners) are need to be registered with the ROC with the filing fees. The MOA of a company is asking the incorporation document, <a href=\"http:\/\/www.companyregistrationinbangalore.in\/\">LLP <\/a>agreement is to be registered. It is specified in chapter III of the LLP act 2008. <\/p>\n\n\n\n<p>Different documents\/ statements performed in specified formats pre-filled in designated e-forms (containing consent of designated partners) are need to be registered with the ROC with the filing fees. The MOA of a company is asking the incorporation document, LLP agreement is to be registered. It is specified in chapter III of the LLP act 2008. <\/p>\n\n\n\n<p>We Solubilis in Bangalore helps to register your Limited Liability Partnership (LLP) registration within 10 days at an affordable cost. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A comparative analysis between a company registered under the companies act 1956 and an LLP registered under LLP act 2008 has been made on different parameters to create the reader to know the fine differences between both the business structures: &hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-788","post","type-post","status-publish","format-standard","hentry","category-llp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Company registration in Bangalore<\/title>\r\n<meta name=\"description\" content=\"HI! 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