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pros and cons of a Limited Liability Partnership (LLP) registration versus a Private Limited registration

Open uri20170510 32134 ughyv5?1494421703 asked

What are the pros and cons of a Limited Liability Partnership (LLP) registration versus a Private Limited registration for Indian startups?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

In [Private Limited Company Registration] more compliance have to fulfill rather than [LLP Registration]. Both of them Registration process is same and also time period will be same. In LLP you will get LLP No. and in Company you get CIN No.. You Can check both difference Click here [how to register a company in India] and [Limited Liability Partnership]

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Well Limited Liability Partnership (LLP) registration it's about a business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability. It have some turnover limit. Private Limited registration is easy to convert in a Public Limited company at any stage subject to fulfillment of eligibility criteria. Maintenance of Basic Compliances after registration of private limited company are comparatively simple. There exists no Bar on Turnover and Capital in a private limited company structure unlike in One Person Company (OPC) . You can hire our experts at [Uptra Consultancy Services] to help you register your company and make sure all financial and legal aspects are dealt with.So get our experts at Uptra to help you file and get your company registered – you will be glad you did!

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Difference between [LLP] and [Private limited company] are :- [Private Limited Company] is the prefered choice of business for IT startups, or if you plan to raise funding vs [Limited Liability Partnership] is the preferred choice for businesses who want minimal compliances and are not looking to raise funding Get some more information on [ONE PERSON COMPANY]

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