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While starting a business one faces a difficult task as in what kind of business organization they want to incorporate for initiating the business. In this article, we will discuss the Difference Between Private Limited Company and LLP.
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The Process of registering a Private Limited Company or LLP
Company registration before starting a business is extremely necessary for doing business in India. One can choose the following types of Business Organization while initiating his business. They are:
Usually one goes for a private limited Company or LLP, on account of the various advantages conferred on them by their respective Acts.
Private Limited Company is a company where all shares of the company are held by private entities. They can manage their business on their own or hire individuals to manage the company on their behalf. The articles of such Company restrict the right to transfer the shares of the company and limits the number of members to 200.
Also, Read: One Person Company vs Limited Liability Partnership.
Limited Liability Partnership Registration is a new form of business where both partnership and corporation exists. It a type of partnership with limited liability. It is covered under the LLP Act, 2008. LLPs are growing in number since their introduction in 2008.
For more information and register your company please visit my Website enterslice.com
Our Trending Post: Limited Liability Company vs Private Limited Company.
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