Petrol pump incorporation

a private limited company is preferable for starting a petrol pump vs a limited liability partnership (LLP), as the sales turnover in a petrol pump will be very high. All LLPs having a turnover of more than Rs.40 lakhs require to have its accounts audited. Hence, the cost for compliance of a company and compliance of an LLP will be similar, making a company more preferable in the long-term.