There are a few key differences between an LLC and a private limited company.
- First, an LLC is a legal entity that is separate from its owners, while a private limited company is a legal entity that is owned by its shareholders. This means that an LLC can be sued and held liable for debts and obligations, while a private limited company cannot.
- Second, an LLC is not required to have a board of directors, while a private limited company must have one. Third, an LLC can have an unlimited number of members, while a private limited company can only have up to 50 shareholders. Finally, LLCs are not required to file annual reports, while private limited companies must file them.
Leave a Comment