Startups typically favour a Private Limited Company structure when registering—largely because this format inspires greater investor confidence, and paves the way for substantial business growth. Its stringent compliance requirements and transparent governance frameworks make it the preferred route for those looking to raise external capital.
Some of the major compliances that startups may need to meet are given below, and the relevant documents can be found on the Ministry of Corporate Affairs website through the ‘Search’ feature. Submissions can also be made on the MCA website.
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A Limited Liability Partnership is typically preferred for businesses that provide professional services, such as legal advice or accounting services, due to its flexibility and more straightforward regulatory requirements and some of the major applicable compliances for LLPs are given below and the relevant documents can be found on the Ministry of Corporate Affairs website through the ‘Search’ feature or particularly on this page.
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