A person who wants to set up a business has various options and registering it as a Company is one of the best decisions he can make since he has the advantage of Limited liability i.e; his liability will be limited to the amount, which he has agreed to contribute to the assets of the Company at the time of being wound up.
Business registrations in India are placed under many categories, depending on the size, capital, management, purpose, etc. These include a sole proprietorship, partnership firm, a Limited company, and other forms of business. Services for accounts outsourcing are structured to suit an individual client's needs and requirements.
Limited Liability Partnership (LLP) in India is another option available to a business entity to carry on its activity as registered body having the features of a Partnership Firm and a Limited Company. The management of LLP is defined by LLP agreement and partners have the freedom to regulate affairs of the LLP.