| Sr. no. | Company | Limited Liability Partnership |
| 1 | Limited liability and perpetual succession | Limited liability and perpetual succession |
| 2 | Must have common seal | Common seal is optional |
| 3 | Provisions of approval of name, change of name are similar. | Provisions of approval of name, change of name are similar. |
| 4 | REGISTRAR OF COMPANIES is the administrative authority | REGISTRAR OF COMPANIES is the administrative authority |
| 5 | Provisions of name, its approval and change are similar. | Provisions of name, its approval and change are similar. |
| 6 | No personal liability of individual director or member [except of director of private company in some cases like income tax and sales tax dues]. | No personal liability of partner, except in case of fraud. |
| 7 | Complicated procedure for change of registered office, particularly when change is to other State | Simple procedure to change registered office of LIMITED LIABILITY PARTNERSHIP anywhere in India just by informing REGISTRAR OF COMPANIES and following prescribed conditions |
| 8 | Memorandum and Articles, details of directors, accounts, annual return, special resolutions etc. filed by LIMITED LIABILITY PARTNERSHIP with REGISTRAR OF COMPANIES will be available for public inspection | Incorporation document, details of partners, accounts, statement of solvency and annual return filed by LIMITED LIABILITY PARTNERSHIP with REGISTRAR OF COMPANIES will be available for public inspection |
| 9 | Powers to Central Government to inspect records of company and to order investigation | Powers to Central Government to inspect records of company and to order investigation |
| 10 | Provisions of compromise, arrangement or reconstruction of companies are similar | Provisions of compromise, arrangement or reconstruction of LIMITED LIABILITY PARTNERSHIP |
| 11 | Company can be would up voluntarily or by order of Court | LIMITED LIABILITY PARTNERSHIP can be would up voluntarily or by order of Court |
| 12 | REGISTRAR OF COMPANIES can strike off name of defunct company. | ROC can strike off name of defunct LIMITED LIABILITY PARTNERSHIP |
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