What’s the difference between Pvt Ltd and LLP?

[User_21704bef]

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User_21704bef
PARTICIPANT
January 22, 2025 at 6:15 pm

I understand the basic difference between how Pvt Ltd and LLP are structured and how they operate, but I don’t understand from an accounting and taxation perspective how they differ. How much does a CA typically charge for managing them? How much more/less tax does a company have to pay by registering as Pvt Ltd over LLP? How is the maintaining of accounts different for them? Are there any other tax benefits for shareholders or partners for using one over the other?

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