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Whether I should go for a partnership firm or LLP
20-Apr-2023 (In Startup Law)
hi, please advice me that whether i should go for a partnership firm or LLP, here all the three partners are real brothers. nature of business is goverment contractors
In my opinion, you should opt for creating for a partnership firm and not LLP. LLP has more compliance hurdles and is generally best suited for a professional services firm like that of a Chartered Accountants or a law firm.
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Adv. Aniket Rastogi
Meerut | 25+ Answers
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Dear owner as u want to start a work with 3 brother's for govt contractual work , pvt Ltd would be best option. Kindly consult advocate for filling of the same. If the nature of work is pvt contracts for business than LLP would hav been better as taxation benefits r better in LLP
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