Limited Liability Partnership (LLP) firm is a combination of partnership firm and private limited company, hence LLP enjoys benefits of both types of organizations.
Private Limited Company is a type of company that has limited liability and provides legal protection to its members (shareholders). These companies are governed by Companies Act 2013.
GST is an indirect tax that is levied on goods as well as services. All the existing state and central indirect taxes are subsumed under the GST.
“Udyam Registration” is issued by the Ministry of MSME (Micro, Small & Medium Enterprises). It is applicable to existing MSMEs that are engaged in Manufacturing or Service activities. Businesses having Udyam Registration can avail numerous benefits derived from the various relief schemes offered by the Ministry of MSME for the protection and growth of small businesses in India.