- It is a separate legal entity and the partners are liable to their respective contribution. It has flexible management roles
- It is easier to form an LLP. Formation of an LLP only require the partners to fill out a registration form and file it with the local secretary of the state
- LLP does not have to pay tax as a separate business entity; however partners have to pay only their individual taxes.
- The cost involved in registering an LLP is comparatively lesser than that of a Private Limited Company
- Transfer of ownership is easy. The ownership can be changed but changing the managing directors as LLP is a separate legal entity.
- There is no maximum limit of partners when it comes to incorporating your business as an LLP
- A minimum capital requirement is not needed to register your firm as an LLP
- The liability of members in respect in respect to the LLPs debt is limited. The personal assets remain of the members remain safe even if the company goes bankrupt.
LLP & Various Company Registration Services
Always ensure to get an insight into various advantages that com with registering your business under different types of registrations. You can always feel free to call our experts who will understand your needs and suggest the best type of registration.
Contact Us at +91-80 40909797 for more registration services