Many small entrepreneurs launch their businesses as sole proprietorship in which they and their businesses are essentially one and the same. However, changing the format of a small business to a Company or a Limited Liability Partnership (LLP) can offer a range of advantages for entrepreneurs. Most notable advantages include:
Personal asset protection
Both Companies and LLPs allow owners to separate and protect their personal assets. In a properly structured and managed company or LLP, owners should have limited liability for business debts and obligations.
Adding "Company" or "LLP" after your business name can add instant legitimacy and authority. Consumers, vendors, and partners frequently prefer to do business with an incorporated company/LLP.
Once incorporated as a company or LLP, other businesses may not form an entity or use a trade name that is the same as your corporate name. This benefits the business legally and helps in brand-building and marketing.
"Entrepreneurs cannot be specialists of everything, but are experts in management of things required for success of their business"
How do we help you choose the best from among all forms of incorporation ?
Selecting the right form of incorporation for your new business helps maximize your chances of financial and operational success. To get the most out of your small business, choose the right structure with an expert from Quvisor. Our experts take care of the following most important taxation and legal implications
Comparative Compliance requirements
Our experts help you understand post incorporation comparative compliance requirements for each of the form, and help you choose optimum form of Incorporation.
Comparative Taxation of Incomes
Our experts help you in understanding end to end taxes applicable in each form of incorporation and help you choose most appropriate one based on your business requirement.
Consistency with Financing Strategy
Our experts helps in understanding the long term financing strategy for the business based on which the most appropriate form of incorporation is suggested.