Setting up a business is never an easy task; a person has to take care of each and every aspect before investing in a business. A person has to determine whether he wants to start a partnership firm or a company, if a firm then what type of firm. Is it an unlimited liability partnership or limited liability partnership? There are so many decisions are to be taken before starting a business, as there is going to be a huge capital investment, one has to be fair and sound enough to take the best decision. Now day’s people are more attracted towards setting up a limited liability company, let’s have a glance towards its pros and cons.