The main difference between an LLP and a Private Limited Company lies in compliance, management, and growth potential. An LLP is suitable for small businesses and professionals because it has lower compliance and partners directly manage the business. A Private Limited Company, on the other hand, is ideal for startups and growing businesses as it offers better credibility, easier access to funding, and is preferred by investors due to its structured management and scalability. Also Read- https://www.companiesnext.com/blog/llp-vs-private-limited-company-a-comparative-analysis-for-business-owners