Private limited companies easily accommodate equity funding as there is a clear distinction between shareholders and directors as well as limited liability. In fact, venture capitalists and private equity funds are unlikely to invest in any other structure. This is because LLPs would require them to become partners in the business, while a One Person Company (OPC) can have only one shareholder.
Better Debt-taking Capacity
A private limited company has more options for taking on debt than LLPs. Not only are bank loans easy to obtain (relative to OPCs and LLPs), the option of issuing debentures and convertible debentures are available to it.
The private limited company structure lends credibility to the business, on account of the compliances that are necessary from the very beginning. On the other hand, several compliances for an LLP, such as appointment of an auditor, kick in only after its turnover crosses a certain amount, while many are not required at all.