LLP vs PVT Ltd which one is good

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CFO- at NHTF
58280 Points Joined August 2012
LLP or Pvt Ltd, which one good for easy compliance and with minimum budget
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On 05 February 2023 at 20:43 Report
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GST Consultant
15986 Points Joined March 2013
LLP has much lesser compliances as compared to private limited company.
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On 05 February 2023 at 21:00
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3145 Points Joined November 2020
@ 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
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On 05 February 2023 at 21:23
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CFO- at NHTF
58280 Points Joined August 2012
Is LLP requires auditor appointment just like company auditor?
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On 05 February 2023 at 21:59
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GST Practitioner & Accounts
14949 Points Joined March 2014
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 .
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On 05 February 2023 at 22:17
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CFO- at NHTF
58280 Points Joined August 2012
What are minimum compliances for LLP?
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On 06 February 2023 at 07:17
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27942 Points Joined May 2017
Minimum compliance for LLP and tax calculation is different.
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On 06 February 2023 at 08:16
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CFO- at NHTF
58280 Points Joined August 2012
Your answer is not relevant
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On 06 February 2023 at 08:23
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GST Practitioner & Accounts
14949 Points Joined March 2014
Compliance of what ?. .........
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On 06 February 2023 at 08:43
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CFO- at NHTF
58280 Points Joined August 2012
ROC submissions annually, quarterly if any
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On 06 February 2023 at 08:49
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GST Practitioner & Accounts
14949 Points Joined March 2014

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 .

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On 06 February 2023 at 09:16
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Chartered Accountant
86505 Points Joined April 2011
How registering an LLP is better than a Private Limited Company? https://www.caclubindia.com/articles/details.asp?mod_id=48801
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On 07 February 2023 at 07:09
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CFO- at NHTF
58280 Points Joined August 2012
How about reputation ? Many vendors give assignments only if it is registered company
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On 07 February 2023 at 08:43
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CFO- at NHTF
58280 Points Joined August 2012
👍🏻👍🏻
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On 08 February 2023 at 07:37


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