Which one to choose between a LLP, Pvt Ltd or OPC?
We are not going to stress much on the compliance comparative but really wanted to talk about the benefits of choosing between these entities
Bottom Line :-
Unless we are running any firm that needs professional/technical expertise ‘partners; to be attesting or signing documents as per law; which is the case for Chartered Accountant firms, Lawyers, Advocates, In some cases Doctors etc who would need to opt for an LLP format we would choose an Pvt Ltd formation for sure due to its recognition and flexibility. Here is why
Lets begin :-
Liability of negligence etc does not seap in to other partners / directors but as a collective you are responsible if not liable.
FOR A PVT LTD & (OPC) both
PVT LTD (ONLY)