1. I want to form a susiduary company in India.The parent company is in us
2. I am not sure what type should it be. Should we go for llp or pvt ltd.
3. I also need to get the office on lease but since there is no comany formed ,it will be in my name. will I have to pay tax on that?
4. The company is small, does it make sense to have a pvt ltd, as I heard that there is lot of cost and documentation involved. I would rather shy away from lot of audits and documentation
thanks
Now 100% FDI is allowed in LLP in sectors where 100% FDI is allowed under automatic route. Therefore, you can go LLP formation i.e. Limited Liability Partnership which require few compliance as compered to Pvt Ltd Company.
Further, the foreign company can also become a partner / designated partner in the LLP.
For taking premises on lease, one has to obtain TAN no. for deducting the TDS. So, its better to take it in company/ LLP's name, once it is incorporated.
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