Limited liability partner and pvt ltd co.

Querist : Anonymous (Querist) 16 October 2011 This query is : Resolved
Experts should advice which is best to float a Company
1. Limited Liability Partner (LLP) or
2. Pvt. Ltd Company.

What is the differences between this two?

As the business increases , we will go for Bank Loans etc. so, which one is better to float a Company.

and one more thing, if we start a LLP company, can we use the word Company, after the name of the company. just like Golden Leather Pvt Ltd Company.

Follow Query

Report Abuse

Heena Khurana (Expert) 17 October 2011
the private limited company is the best solution to start herewith..
in case of a private limited company we can us the word pvt. ltd i.e. private limited and not company..

as for a growing business, it is advisable to go for private limited company..

Shailesh Kr. Shah (Expert) 17 October 2011
I also advised you to go for pvt. ltd., if you are engage in the business of leather.

you can't not use 'company' at the end of name, however you can use before Pvt. ltd. or LLP.