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Cost-effective efficiency and timeliness
T&C*Terms & Condition*
- Total payment may vary depending on government fees and the entity of the company.
- Downtime on the government portal may cause work delays.
- Documents should be appropriate as per the requirements.
- Documents must be provided in time to avoid delay.
- Professional and experienced team
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) offers liability protection to its partners, combining the flexibility of a partnership with limited liability benefits. It's a popular business structure, providing legal protection for personal assets, tax advantages, and simplified management, making it an attractive option for small and medium-sized businesses.
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LLP Was Introduced In India By Way Of The Limited Liability Partnership Act, 2008. The Basic Premise Behind The Introduction Of Limited Liability Partnership (LLP) Is To Provide A Form Of Business Entity That Is Simple To Maintain While Providing Limited Liability To The Owners. Since, Its Introduction In 2010, LLPs Have Been Well Received With Over 1 Lakhs Registrations So Far Until September, 2014.
- Just Require 2 Entrepreneurs.
- More Credibility Than Partnership Firm.
- Limited Liability Is Main Feature.
- Partnership Firm's Next Version In Simply Words.
- Difficult To Get VC And Angel Funds As Compare To Private Limited.
- Less Features As Compare To Pvt Ltd Company..
- Mixture Disadvantages Of Partnership Firm
In some jurisdictions, LLPs may have the option to convert to other business structures, such as a private limited company or partnership. Conversion requirements and procedures vary by jurisdiction and may be subject to approval by regulatory authorities. It is advisable to seek legal advice before undertaking any conversion process.
