difference between company & LLP
This query is : Resolved
ANKUR JAJODIA
(Querist)
19 December 2010
can any one explain me the difference between a company & an LLP ?
19 December 2010
Difference between LLP & a Company
* A basic difference between an LLP and a joint stock company lies in that the internal governance structure of a company is regulated by statute (i.e. Companies Act, 1956) whereas for an LLP it would be by a contractual agreement between partners.
* The management-ownership divide inherent in a company is not there in a limited liability partnership.
* LLP will have more flexibility as compared to a company.
* LLP will have lesser compliance requirements as compared to a company.
* A basic difference between an LLP and a joint stock company lies in that the internal governance structure of a company is regulated by statute (i.e. Companies Act, 1956) whereas for an LLP it would be by a contractual agreement between partners.
* The management-ownership divide inherent in a company is not there in a limited liability partnership.
* LLP will have more flexibility as compared to a company.
* LLP will have lesser compliance requirements as compared to a company.
19 December 2010
For more see below links---
https://www.companyindia.co.in/difference_between_company__llp
https://www.llponline.in/compare_llp.php
https://www.companyindia.co.in/difference_between_company__llp
https://www.llponline.in/compare_llp.php
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