Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

LLP vs Pvt Ltd: Registration Process and Compliance Comparison

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....LP vs Pvt Ltd: Registration Process and Compliance Comparison<br>By: - Ishita Ramani<br>Limited Liability Partnership - LLP<br>Dated:- 7-2-2025<br>Choosing between a Limited Liability Partnership (LLP) and a Private Limited (Pvt Ltd) Company is critical for entrepreneurs. This article provides a clear idea to help businesses make an informed choice on which one to choose: Registration Process: L....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....LP vs Pvt Ltd LLP Registration Process Obtain Digital Signature Certificate (DSC): Required for unique companions. Apply for a (DIN): For at least partners. Name Reservation: File RUN-LLP shape to reserve the LLP name. Incorporation Form (FiLLiP): Submit to the Ministry of Corporate Affairs (MCA) with the required files. LLP Agreement Filing: Submit Form 3 within 30 days of incorporation. P....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....vt Ltd Company Registration Process Obtain DSC and DIN: Similar to LLP. Name Approval: File SPICe+ Part A for agency call reservation. Company Incorporation: Submit SPICe+ Part B with MOA (Memorandum of Association) and AOA (Articles of Association). PAN & TAN Application: Done routinely with incorporation. Certificate of Incorporation: Issued with the aid of the Registrar of Companies (ROC).....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Compliance Requirements: LLP vs Pvt Ltd LLP Compliance Annual Return (Form 11): Due by May 30 each year. Statement of Accounts (Form 8): Must be filed with the aid of October 30. Income Tax Return: Due by using July 31 for non-auditable LLPs and October 31 for audited ones. Less Stringent Audit Requirements: Only obligatory if turnover exceeds &#8377;40 lakh or capital exceeds &#8377;25 lak....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....h. Pvt Ltd Compliance Annual Return (MGT-7): Due within 60 days of AGM. Financial Statements (AOC-4): Must be filed within 30 days of AGM. Income Tax Filing: Mandatory regardless of turnover. Board Meetings: At least 4 according to the year. Statutory Audit: Mandatory, regardless of revenue. Conclusion The desire between LLP vs Pvt Ltd relies upon on business desires. LLPs are best for sma....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ll corporations and expert services due to minimal compliance and bendy management. Pvt Ltd companies are higher acceptable for groups searching for funding, scalability, and stricter corporate governance.<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....