Article by Drishti Saigal . When you're starting out with a business, there's tons of ways you can go about it. You can start your business as a sole-propreitorship, a partnership, a Limited Liability Partnership or you can even start a private company . Now, of these types of legal business structures, two are very popular - an LLP and a Private Company. In this article, we are going to compare the two business structures and show for you, which one is better for your business. If you start out with a partnership, you can limit your liability towards third-parties by forming an LLP. An LLP is governed under the provisions of the Limited Liability Partnership Act, 2008. A private company also is a business structure, which limits the liabilities of its owners. It is a very lean method of doing business like that of the LLP. Plus, with several recent amendments to the Companies Act, 2013, there is even a special class of private companies called One Person Compan
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