LLP Benefit

Since LLP is a hybrid of a company and a partnership it has a combination of benefits of both a company and a partnership listed below

• Separate Legal Entity

• Limited Liability

• Profit Motive

• Low cost of setup

• Tax Advantages

• Internal governance by contractual agreement

• The management-ownership divide is not there is a limited liability partnership

• More flexibility as compared to a company

• Lesser compliance requirements as compared to a company

• Dis-joint liability – partners to be shielded from joint liability created by another partner’s wrongful acts or misconduct.

• There is no maximum limit for the number of shareholders in the Limited Liability Partnership.

These LLP Benefits make LLP a modern and preferable form of business. Register LLP with LegalRaasta.