Business Types in Telugu - What is LLP and Private Limited Business? | Types of Business | Ambika

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Business Types in Telugu - What is LLP and Private Limited Business? | Types of Business | Ambika
A Limited Liability Partnership (LLP) is a business structure in which each partner has limited liability for the debts and obligations of the partnership. This means that each partner is only personally responsible for their own actions and is not liable for the actions of the other partners. An LLP is a popular choice for professional services firms, such as law firms and accounting firms, because it offers the benefits of a partnership structure while limiting the liability of the partners.
A Private Limited Company (Pvt Ltd) is a type of business structure that is privately held, meaning it is owned by a small group of shareholders who are not required to disclose financial information to the public. A Pvt Ltd is a separate legal entity from its owners, and the owners have limited liability for the debts and obligations of the company. A Pvt Ltd is a popular choice for small businesses because it offers the benefits of a corporation, such as limited liability and the ability to raise capital, while still allowing for flexibility in management and decision-making.
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