A Limited liability Partnership is a business entity that can be incorporated as per Limited Liability Partnership Act 2008. It can be started with minimum two persons and has no upper limit on the number of partners. A Limited Liability Partnership combines the advantages of both the company and partnership into a single form of organization. Basic advantage of LLP is to provide a form of organisation which is simple to maintain while at the same time providing limited liability to partner.
We are specialised consultant for LLP Registration in Bangalore and help you complying statutory compliance required as per Limited Liability Partnership Act 2008
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
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