COMPANY PVT. LTD./LTD/LLP

Many Entrepreneurs starting a new business are curious and confused about the difference between a Private Limited Company vs LLP. Both entities offer many similar features required to run a small to large sized business, while they also differ in certain aspects. In this article I decode compare Private Limited Company vs LLP from the viewpoint of an Entrepreneur starting a new business.

Registration Process

The steps for incorporation of a Private Limited Company are

• Obtaining Digital Signature Certificate (DSC) for the proposed Directors,
• Obtaining Director Identification Number (DIN) for the proposed Directors,
• Obtaining name approval from MCA and
• Filing for incorporation.

Registration Process

LLP registration also has a similar process:

• Obtaining Digital Signature Certificate (DSC) for the proposed Partners
• Obtaining Director Identification Number (DIN) / Designated Partner Identification Number (DPIN) for the proposed Partners
• Obtaining name approval from MCA
• Filing for incorporation. Both Private Limited Company and LLP are registered with the Ministry of Corporate Affairs and are issued a Certificate of Incorporation.