I have been reading up benefits/ limitations of LLP structure vs Pvt Ltd. Can someone please tell me the running costs associated with the two? For example, what are the audit costs, compliance costs, filing charges, book keeping charges etc?
Since we are just starting off, we dont expect to make too much revenue to begin with. We were contemplating starting a private ltd with capital of 1 lakh - have received quotation of close to 22K (4 directors) for registering a pvt ltd company vs 16K for LLP. But we were more concerned about the annual charges. I know that it depends from auditor to auditor but lets say what would be the minimum charges for the two structures on an on going basis considering we are doing small business with limited capital.
Thanks.
CAclubindia
