The primary difference lies in their structure and governance. An LLP is a partnership where partners have limited liability, meaning their personal assets are protected from business debts. A Private Limited Company, on the other hand, is a separate legal entity from its owners (shareholders), providing limited liability protection as well. Pvt Ltd companies are governed by the Companies Act, whereas LLPs are governed by the Limited Liability Partnership Act. Also Read- https://www.companiesnext.com/blog/llp-vs-private-limited-company-a-comparative-analysis-for-business-owners