Amitha L
Asked March 20, 2017

Private Pre-School: Legal queries

  • 1 Answer

I own a private preschool (not a franchisee) which is registered as an LLP in bangalore. Can I register it with government as an LLP or do I need to convert it to a private limited company? Please advise

Answer 1

You do not need to convert it to a private limited company as the structure of your school is your choice. The registration process of a LLP is cheaper and faster when compared with a limited company but on the other hand a limited company has certain benefits over a LLP as well; for instance a limited co. is more structured with definite ownership and management and also has a better footing and recognition in the society in comparison to a LLP. However, there is no compulsion regarding your choice between a LLP and a private limited company and you may choose accordingly.

Agree Comment 0 Agrees over 4 years ago

Please Login or Register to Submit Answer

Directory ads
Need to talk to a lawyer?

Book a phone consultation with a top-rated lawyer on Lawfarm.