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LLP Registration

Limited Liability Partnership (LLP) Registration in India Limited Liability Partnership Firm popularly known as an (LLP) has become a preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and private limited company into a simpler form of organization. The concept of the Limited Liability Partnership (LLP) was introduced in India in 2008 when the Ministry of Corporate Affairs enacted the Limited Liability Partnership Act. An LLP has the characteristics of both the partnership firm and company. It requires a minimum of two persons to act as partners and incorporate a Limited Liability partnership LLP. However, there is...

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15 Advantages for forming an LLP

There are a number of reasons why many entrepreneurs prefer to go in for a Limited Liability Partnership (LLP) registration over a Private Limited Company Registration in India. LLPs are considered easier to set up and are comparatively hassle-free in day to day operations. It also has a lower compliance burden if there is minimal activity. Hence, many Entrepreneurs see it as advantageous to begin their organization in this manner. We look at the various advantages of an LLP formation in India. 1. Limited Liability of Partners of LLP As the name suggests in a Limited Liability Partnership Firm the liability of...

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