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As a business venture, first of all one must remember that in the complex world of corporate structures, there is no one solution or answer to a given situation. Everything depends upon the kind of business one is in, number of shareholders / partners there are on board the enterprise, how the rights and liabilities are structured between partners / shareholders and the number of employees there are on the roll of an organization. For example, if one is in the real estate business with a few investors on board, than an LLP agreement is a great corporate vehicle to incorporate, as it limits the liability of its partner. In other words, a real estate enterprise can have a different projects owned by separate LLP’s. On the other hand, if one has a manufacturing concern, owning a few factories, then a company may be better, as it helps even in going public in future.
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