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Anonymous 2
•
udaan.com • 1y
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.
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