What is the advantage of choosing LLP over Private Limited Company?

What is the advantage of choosing LLP over Private Limited Company?

Listing out the advantages in registering your business as LLP instead of Private Limited Company: 1. LLP registration is cheaper. 2. In LLP, There is no minimum capital requirement in LLP. In Private Limited company, there is a minimum capital requirement of 1 Lakh 3. In LLP, minimum 2 directors and maximum could be any. In Private Limited company, maximum 200 directors. 4. LLP regulations are less onerous. 5. No Requirement of compulsory Audit 6. LLP partners can withdraw part of their share of the company easily. 7. LLPs can be structured to give higher rights to some partners over others. There are no special resolution structures that apply to Private Limited Companies. 8. LLP is liable for payment of income tax and share of its partners in LLP is not liable to tax.


Visit HireCA.com Now