LLP
Limited Liability Partnership is a combination of Partnership and private limited company.
Advantages
- Easy to start
- Separate existence as a legal entity from its partners
- Bound by the provisions of Limited Liability Partnership Act, 2008
- Perpetual succession meaning uninterrupted existence irrespective of the changes in Partnership
- Liability of partners are limited
- Ideal for startups and small businesses
- No audit required till turnover and capital contributions are less than 40 lakhs and 25 lakhs respectively
- Simple annual compliance
Now register your Limited Liability Partnership at ₹ 10,420 in just 4 steps