Company Vakil - OPC Vs LLP Registration In India

Posted by Company vakil on October 15th, 2018

If you are looking to run your company without external funding and wish to have control over all the operations of the company, LLP or OPC will work best.

LLP is a different legal entity having limited liability partnership registration in India, with minimum 2 partners, exhibit foreign ownership, low compliance, more versatile over OPC.

More choices are available now with the introduction of the Limited Liability Partnership Act and the Companies Act, 2013. Available structures of service entity are in fact unique from one another.

If you are questioning whether to sign up a Someone Company or Limited Liability Partnership, here is a fundamental contrast chart of the LLP and OPC, credible types of business:

Limited Liability Partnership (LLP).
Limited Liability Partnership (LLP) is an advanced type to standard form of typical partnership having benefits of limited liability of partners and perpetual succession. For LLP Fprmation it can be registered with the Ministry of Corporate Affairs.

A Single Person Company (OPC).
The A Single Person Company (OPC) is a hybrid kind of service which integrates features of Sole Proprietorship and Company. An One Individual Company needs only one member who is the sole owner/director of the company in addition to being an investor. In an OPC the liability is limited to the company and not the members of the business offering the advantage of a Limited Company. Why share the cake when you can own it all.

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