Services

LIMITED LIABILITY PARTNERSHIP

Governed by LLP Act 2008, a Limited Liability Partnership is a hybrid structure that combines the benefits of a partnership with that of a limited liability company. Being one of the easiest forms of business to incorporate and manage in India, LLPs are preferred by professionals and small businesses that are family-owned or closely held. LLPs are best suited for businesses that have plans for raising equity funds during their lifecycle. Firms, private companies, and unlisted public companies also can convert themselves into LLP. A Limited Liability Partnership registration involves much lesser compliance issues when compared to a PLC registration. NexGen is one of the most affordable and reliable service providers for Limited Liability Partnership registration in India.

PRIVATE LIMITED COMPANY

A private limited company is a privately owned business entity with a business structure that limits the liability of the owners to their shares and restricts shareholders from publicly trading shares. A Private Limited Company is the most popular type of corporate legal entity in India and needs to get registered with the Ministry of corporate affairs - MCA.

A private limited company can be registered with a minimum of two shareholders and two directors. While an individual person can be both a director and shareholder, a corporate legal entity can only be a shareholder. Foreign nationals, foreign corporate entities, or NRIs can be Directors and/or Shareholders of a Company with Foreign Direct Investment, hence ideal for foreign promoters.

PARTNERSHIP FIRM

A Partnership Firm is a popular form of business where an association of people joins hands to carry out a business for profit. In a Partnership Firm, the partners are joint business owners, and the business operations are carried out in accordance with the terms and objectives set out in the partnership deed. With the least regulations to follow, Partnership firms are relatively easy to start and are a desirable option amongst small and medium-sized businesses in the unorganized sectors. However, in the event of debt of the firm the partners are jointly and individually liable, and hence it is an ideal option if there are no/fewer requirements of external funds and low risk of bad debts like consultancy firms.

PROPRIETORSHIP FIRM

A proprietorship firm is the simplest form of business registration where the responsibility of operating and running the business lies solely with the owner. In a proprietorship firm, only a single person can control, manage and invest the entire capital, and assets and bear all the profit or loss of the company.
There is no defined mechanism for the registration of a proprietorship firm. The easiest way to register a proprietorship is through Local License / Registration and Tax registration.
NexGen services will help you in registering your proprietorship through different ways of registration suited for your business type.