LLP vs PVT Ltd which one is good

LLP or Pvt Ltd, which one good for easy compliance and with minimum budget
Replies (13)
Quick Summary
This discussion explores the advantages of Limited Liability Partnerships (LLPs) over Private Limited Companies, particularly concerning compliance and budget. Participants highlight that LLPs generally have fewer and simpler compliance requirements compared to Private Limited companies, making them a potentially more cost-effective option. While LLPs require an auditor and specific filings like annual returns and financial statements, the overall burden is considered less than that of a company. However, the discussion also touches on the reputational aspect, with some vendors preferring to work with registered companies.

LLP has much lesser compliances as compared to private limited company.
@ CA altanush Zafar sir , could you please tell me the GST formulas like


how to find out taxable value

how to find out tax % percentage


some tricks is there plse tell me the formula sir
Is LLP requires auditor appointment just like company auditor?
Yes , Auditor is required as per section 24 of the LLP rules 2009 . ( C A In pratice)
You refer LLP Act 2008 and LLP rules 2009 .
What are minimum compliances for LLP?
Minimum compliance for LLP and tax calculation is different.
Your answer is not relevant
Compliance of what ?. .........
ROC submissions annually, quarterly if any

I think in case of LLP you have to comply with MCA  not  ROC  .

1) LLPFIN - for the purpose of incorporation of LLPFIN

2) Form 3 - registration of LLP

3) Form 11- Annual return of Capital

4) Form 8 - Statement of Accounts / Solvency ( P & L , Balance sheet)  Annual 

5) KYC  

So on so forth . as I stated above you have refer LLP Act and rules. Not much compliance like PVT Ltd. Company. May be any LLP nearby you , just confirm with them or MCA .

How registering an LLP is better than a Private Limited Company? https://www.caclubindia.com/articles/details.asp?mod_id=48801
How about reputation ? Many vendors give assignments only if it is registered company
👍🏻👍🏻

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