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LLP Benefits

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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.

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