Listing ID #2674200
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Contact SupplierWe are provide service of LLP Registration.
What is LLP
LLP means limited liability partnership (LLP). It is similar to a general partnership, except the partners are not personally liable for negligent acts conducted by other partners or employees not under their supervision. This is different from a general partnership, in which each partner is liable for the debts and obligations of the business as well as the malpractice of any other partner. Income taxes in an LLP are passed through the business and reflected on the partners individual tax returns. Because of the limited liability of each partner and pass-through tax status, LLPs are a very popular business structure.
Benefits of LLP
Separate legal entity
Limited Liability to partners
Simple process of Registration
Perpetual existence irrespective of changes in partners
No requirement of audit of accounts until turnover reaches Rs.40 lakhs or Contribution Rs.25 lakhs
Less tax as compared to company
No requirement of minimum capital contribution
No restrictions as to maximum number of partners
Two person can form LLP.
What is Our Role : We help our clients in LLP Registration process.