Help required deciding b/w LLP/Pvt Ltd

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Hello,

Soon we are trying to incorporate a LLP / Pvt Ltd but bit confused on which one to go with...

Kindly suggest us on which one to choose, with the following into consideration...

Services: web designing and web hosting for clients

Others: Online portals/websites maintained by us, may be in future we might get into clothing and jewellery in india and outside.

expecting to make aroung 15-20 lakhs in next one year. and might make 5% increase in every 1 or 2 yrs


Questions regarding LLP

Can i simply choose name of LLP as KEYWORD LLP or should i choose KEYWORD ONLINE SOLUTIONS/SERVICES LLP

Can we buy properties on LLP name

Can we convert LLP to Pvt Ltd later

Can LLP be a partner in A partnership firm

How easy is it to maintain... should we file every year or does it require a limit of Turn Over?


Questions regarding Pvt LTD

Can i simply choose name as KEYWORD Pvt Ltd or should i choose KEYWORD ONLINE SOLUTIONS/SERVICES Pvt Ltd

Can we buy properties on Pvt Ltd name

Can this be a partner in A partnership firm

Heard about board of meeting, appointment of auditor and certain others things... are they compusory.

Planning to set it up with my family members as other members....


How is Taxation done in both cases... double tax?

and can i use our home address to start with?

AND finally can trademark be claimed by other even if i register a LLP or Pvt Ltd before the KEYWORD is trademarked.

 

Also can we resister name as KEYWORD Inc


Thanks in advance for your time and suggestions.
 

Replies (2)

LLP is a mixture of the benefits of Partnership Firm and Company and therefore it is highly advisable to opt for LLP instead of a company.

 

LLP functions in the same way as company except for the fact that you cannot raise a public issue. I hope that answers all your queries...

Originally posted by : Neha sharma

LLP is a mixture of the benefits of Partnership Firm and Company and therefore it is highly advisable to opt for LLP instead of a company.

 

LLP functions in the same way as company except for the fact that you cannot raise a public issue. I hope that answers all your queries...


Thanks for replying...

and any info on other things above.


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