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14 January

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15 Advantages for forming an LLP

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in Corporate Law, Income Tax

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...