We operate 2 companies currently:
1. SpiderWorks Technologies Pvt Ltd, Kochi, India
2. SpiderWorks Technologies LLC, Nevada, USA
SpiderWorks Technologies Pvt Ltd has been in operation for last 6 years, with it's registered office in Kochi. When I decided to relocate from USA to Bangalore, I was in a dilemma whether to continue operations with SpiderWorks Technologies or not. One of the main concern I had was, it is registered as a "Pvt Ltd" company in Kerala. It has a lot of complexities and require a lot of formalities to relocate it's office to Bangalore. However, in order to hire employees and run the business from Bangalore, I need a business registered in Bangalore.
I could register a new business, but I did not want to lose the reputation and brand name I earned for SpiderWorks technologies in last several years. Almost every active member of my website know the name "SpiderWorks Technologies" and my websites are popularly known as Spider Network. So, I ruled out shutting down the SpiderWorks Technologies Pvt Ltd.
The next option was to keep SpiderWorks in operation, but open a new business in Bangalore. Since I already burnt my fingers by registering the business as a Pvt Ltd company, I wanted to try other options. The only other option known to me was "Partnership firm", which was not really an attractive choice as a business firm.