The government of India is providing a lot of benefits to those who wish to launch a startup of their own. These benefits include tax benefits, no compliance with regard to environmental laws etc. for the first three years and many more.
A major difference is that the LLP does not have to have its accounts audited if the annual turnover of the LLP is less than Rs. 40 lakhs and the capital contribution is less than Rs. 25 lakhs. On the other hand a private limited company would have to file audited financial statements with the Ministry of Corporate Affairs each year. A Pvt. Ltd.
HOW TO REGISTER A NEW COMPANY IN INDIA [made easy] […]