Difference between LLP and Private Limited Company

Onfiling

01

Meaning 

LLP is registered under LLP Act, 2008.  Pvt. Ltd. Co. is registered under the Companies Act, 2013.  

02

Features 

Both the companies are having similar features  Only liable to the extent of their share capital   

03

Prior to Union Budget 2020

Company and LLP taxed at same rate of 30%. Whereas Private limited companies had to pay additional DDT of 15% making the effective rate @ 20.55%

Know More

Read More about this difference Here