Comparison between L.L.P vs Pvt. Ltd.
Company
Basis of Comparison L.L.P
Perpetual Succession A L.L.P continues in
perpetual succession
Number of Members 2 to 50 members
Entity It is a separate legal entity.
Incorporation Various E-forms are filled
with Registrar of LLP with
prescribed fees
Liability of Partners There is no personal liability
of a partner except in the
case of a fraud. Moreover, a
partner is not responsible or
liable for another partner's
misconduct or negligence as
there is no joint liability in
the case of LLP.
Tax Structure LLP registered in India has a
flat 30% tax rate on the total
income.
Board Meetings No such requirement.
Pvt. Ltd. Company
A private ltd company
continues in perpetual
succession
Minimum 2 partners and
there is no limitation of
maximum number 
It is a separate legal entity
Various E-forms along the
Memorandum & Articles of
Association are filled with
Registrar of Companies with
prescribed fees
Private Limited Company
Liability is limited to the
extent of shares held by
every member
Private limited company tax
rate has been fixed at 25%
and 30%. Private limited
company with a total
turnover of upto Rs. 50
crores during the previous
year are taxed at 25% of
total income.
Within 120 days of the
previous board meeting.
Minimum 4 board meetings
to be held each year