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Taskedo

If u learn more you ... • 11m

LLP or PRIVATE ltd which is better for a startup!?

Anonymous 2
•

udaan.com • 11m

choice between LLP and Private Ltd depends on the specific needs and goals of the startup. In an LLP, partners have limited liability, which means they are not personally responsible for the company's debts and liabilities. In a Private Ltd company, shareholders have limited liability, but directors may be held personally liable for certain actions. And Private Ltd companies can raise equity funding by issuing shares, while LLPs cannot. However, LLPs can raise debt funding through loans and other financing options. So if you plan to raise then Pvt. ltd. would be preferable.

0 replies5 likes

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Anonymous

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Hey guys, need a little help. We are 2 people, built a tech platform. 50-50 partners. Confused about company registration! We should go for private ltd., LLP or partnership?

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Mehul Deputy

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Hi, if we four people registered for LLP at one of our partner's office addresses, and if any liability against LLP arises in future, does that partner's office be seized by government IT / GST / or any department ?

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Starting a startup in India involves several legal considerations. Here's a detailed point-wise list of the general legal processes : 1. Choose a Business Structure : Decide on the legal structure of your startup, such as Sole Proprietorship, Partne

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