Add a Designated Partner
Limited Liability Partnerships can add designated partners as far as the LLP agreement permits. Minimum of 2 individuals will act as designated partners and they must have their Designated Partner Identification Number (DPIN)
Add a Director
Director of a company is the person who is elected by the shareholders whose responsibility is to manage the affairs of the company in accordance with the Memorandum of Association and the Articles of the Association of the company.
Increase in Authorised Capital
The maximum number of shares a private limited company can issue is totally dependent on its authorized capital. In maximum cases, most of the startups start their first steps with the minimum authorized capital of Rs. 1 lakh, and this is too little with the growth of the business.
Annual Filings for LLP
In comparison to Private Limited companies, Limited Liability Partners have very few compliances to be filled. LLPs only need the file information of statement related to the company’s accounts and annual returns on an annual basis.
Annual Compliances for PVT
From keeping a track of board meetings, maintaining a minutes book and statutory register; one of the biggest responsibilities of a Private Limited Company is Annual Compliance.