There is mainly 9 Difference between Private Limited Company and Limited Liability Partnership.

1.Governing Act

• The Pvt Ltd company comes under the Indian companies act.

• The LLP comes under the LLP act 2008.

2. Members

• The Pvt Ltd company requires at least two (2) shareholders and the maximum limit is two hundred (200) shareholders.

• For LLP companies, the minimum shareholders limit is the same as Pvt Ltd company (2), and there isn't any maximum shareholders limit. You can add as many shareholders as you want.

3. Directors

• Pvt Ltd directors where LLP there are called designated partners. For both companies, the minimum number of directors/designated partners are two (2). At the same time, the maximum number of directors for Pvt Ltd can be fifteen (15), and there isn't any maximum limit for LLP designated partners.

4. Board Meeting

• The Pvt Ltd company must conduct four board of directors meetings in a financial year. For LLP, there isn't any compulsion for board meetings.

5. Statutory Audit

• Pvt Ltd companies must submit the reports to the auditor every year.

• For LLP companies, they no need to submit such records until the turnover reaches 40 Lakhs.

6. Register Maintenance

• The Pvt Ltd companies should maintain loads of registers and records for ROC compliance.

• The LLP companies don't need to maintain reports and documents.

7. Legal Compliance

• Pvt Ltd companies need to prepare lots of compliances after forming the company.

• LLP companies don't need to keep such reports and documents as much as Pvt Ltd.

8. Company Name

• The Pvt Ltd company needs to add a word that refers to their service, followed by the prefix. And the company name ends with Pvt Ltd.

• For LLP, Everything is like Pvt Ltd company, but the company name ends with LLP.

9. Registration Procedure

• Like other procedures, the registration procedure also differs from one another.

Get advice from a business lawyer for further IPR related concerns.