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What are the Pros and Cons of a Limited Liability Partnership (LLP) registration versus a Private Limited registration?

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posted Jun 19 by Sumeet Vyas

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1 Answer

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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) .

answer Jun 20 by Mukul Chag
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