Llp / company incorporation
This query is : Resolved
15 July 2014
Dear Experts / practising CS-CA members...
My friend is about to go for a start-up in the IT sector with a small capital. Also, the number of persons involved in it will be less about 4 or 5...so I have 2 queries
(1) is it beneficial to start a pvt co. or LLP as per the new provisions of the Co.Act 2013..?
(2) what are the current rates for incorporating a pvt. ltd co. and LLP..?
Thanks and Regards
My friend is about to go for a start-up in the IT sector with a small capital. Also, the number of persons involved in it will be less about 4 or 5...so I have 2 queries
(1) is it beneficial to start a pvt co. or LLP as per the new provisions of the Co.Act 2013..?
(2) what are the current rates for incorporating a pvt. ltd co. and LLP..?
Thanks and Regards
17 July 2014
The decision should be based on the following two key questions:
(1) do they intend to raise outside capital in the next 3 years?
(2) do they intend to issue ESOPs in the next 1-3 years?
If the answer is yes, then they will have to form a pvt ltd company, else LLP is ok.
(1) do they intend to raise outside capital in the next 3 years?
(2) do they intend to issue ESOPs in the next 1-3 years?
If the answer is yes, then they will have to form a pvt ltd company, else LLP is ok.
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18 July 2014
Sir,
no, they wont be raising any outside funds. They only intend to be run in a small model with few people.
I have one more query...whats the total cost of incorporation of LLP, i mean registration cost, stamp duty etc..?
Thanks
no, they wont be raising any outside funds. They only intend to be run in a small model with few people.
I have one more query...whats the total cost of incorporation of LLP, i mean registration cost, stamp duty etc..?
Thanks
18 July 2014
Around 12-15 thousand; depends on paid up capital + printing, etc costs which can vary + professional fees
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