Welcome To DWT Listing Theme
Hi there! I’m part of the team at Taxlegit, and we specialize in helping entrepreneurs like you with business registrations, compliance, and startup support across India. Whether you’re just starting out with a single idea or you’re gearing up to scale your venture, choosing the right business structure is critical.
I often get asked — “What’s better: LLP or Private Limited?” Or “Do I need to register my sole proprietorship officially?” And increasingly, “How do I register under Start-up India to get benefits?” So I’ve put together this detailed guide based on our experience at Taxlegit, to help you navigate these common but important decisions.
If you’re starting a business with a co-founder or planning to bring in investors, you’ll need to decide between a LLP and Private Limited Company comparison (LLP) and a Private Limited Company. At Taxlegit, we’ve helped hundreds of founders register both types — and here’s what I’ve learned from the process:
A Private Limited Company (PLC) is governed by the Companies Act, 2013. It offers strong credibility and is often preferred by investors.
An LLP is governed by the LLP Act, 2008. It’s a hybrid structure — offering the flexibility of a partnership but with limited liability.
Private Limited Companies are taxed at a flat rate (currently 22% for most companies under normal provisions), with more rigorous audit and compliance needs.
LLPs are taxed similarly to partnerships (at 30%) but usually have simpler compliance and lower annual costs.
If you plan to raise venture capital, go for a Private Limited Company. Investors typically shy away from LLPs due to their rigid structure and lack of shareholding flexibility.
PLCs require board meetings, annual returns, and audits once turnover exceeds ₹1 crore.
LLPs are more relaxed — you only need to file annual returns and financials, with an audit applicable only above ₹40 lakh turnover.
So, if you’re aiming to scale and seek funding, PLC is the way to go. If you want low-cost compliance and a partner-based business, LLP might suit you better. At Taxlegit, we offer affordable registration packages for both!
You’d be surprised how many people think they don’t need to register their sole proprietorship. While it’s true that you don’t need a central Act like with LLP or PLC, sole prop registration is still essential for credibility and operations.
At Taxlegit, when clients come to us for sole prop setup, we ensure they get:
A GST registration (mandatory if your turnover exceeds ₹20 lakh or if you’re selling online)
A UDYAM registration for MSME benefits
A current account under the business name
A professional letterhead, invoice template, and basic compliance guide
Even if you’re a freelancer or local service provider, having a registered sole proprietorship opens doors to better clients, loan options, and government schemes. And the best part — it’s fast, low-cost, and we can do it all online at Taxlegit.
The Start-up India initiative by the Government of India offers tax exemptions, access to funding, and easier compliance — but only if your business is officially recognized.
Here’s how we help founders register under registration in start up india:
Drafting your pitch and innovation summary
Uploading documents like incorporation certificate, director details, and business model
Getting DPIIT recognition for your startup
Applying for tax exemptions under Section 80-IAC (where eligible)
At Taxlegit, we’ve helped over 500 startups gain Start-up India recognition. Once registered, you can access benefits like:
₹10,000 crore Fund of Funds
3 years of tax holiday
Faster patent application and IPR protection
If you’re running a tech startup or a scalable business with innovation at its core, don’t miss this opportunity.
No matter where you are in your business journey — starting solo, partnering up, or scaling into the startup ecosystem — Taxlegit has tailored services for you. We don’t just help you register; we guide you through the structure, compliance, taxation, and strategic growth planning.
We believe the right structure saves you time, money, and stress in the long run. So whether it’s LLP vs. Private Limited, sole prop registration, or Start-up India registration, we’re just a click away to make the process smooth and reliable.
