Why Thousands of Indian Professionals Are Choosing LLP Over Private Limited Company
And Whether You Should Too Here is a conversation that happens more often than you might think. A chartered accountant and her colleague decide to leave their firm and start their own practice. They sit down to register a business. Someone tells them to go with Private Limited Company. They start the process. Two weeks in they are dealing with statutory audit requirements, mandatory board meeting obligations, and compliance costs that feel disproportionate to a two-person professional practice that has not yet billed a single client. They pause. They ask whether there is another way. There is. A few kilometres away a pair of software consultants are having the same conversation. Same situation. Same advice to go Private Limited. Same uncomfortable realisation that the structure being recommended was designed for a different kind of business. These founders are not unusual. They represent a pattern that plays out thousands of times across India every year. Professionals and ...