Limited Liability Company In India
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FAQ
LLC (Limited Liability Company) is a business structure that has become popular worldwide. In India, LLCs can be registered as Limited Liability Partnerships (LLPs) and Private or Public Limited Companies.
To form a limited liability company as per Indian law, there are required only two partners, one of whom must be a decent resident of India. Necessary information about the limited company formation can promptly be obtained from the website of the Ministry of Corporate Affairs (MCA), Govt.
If you incorporate a private (LLP or LLC) company with a minimum authorised capital of Rs 1,00,000, the registration will cost you Rs 7,000.
A limited liability company (LLC) is a business entity that prevents individuals from being liable for the company's financial losses and debt liabilities. In the event of legal action or business failure, liability is assumed by the company rather than its constituent partners or shareholders.
How to form an LLC Step 1: Choose a state in which to form your LLC. ... Step 2: Choose a name for your LLC. ... Step 3: Choose a registered agent. ... Step 4: Prepare an LLC operating agreement. ... Step 5: File your LLC with your state. Step 6: Obtain an EIN. ... Step 7: Open a business bank account.
