“Bangalore, the Silicon Valley of India is booming with unprecedented growth”
Popularly known as the Silicon Valley and the destination to 5 of the 8 unicorns of India’s. Bengaluru is the best destination at the present for all the start-ups.
Today the IT sector of India is worthing approx. $ 146 billion. All the credits for this to Bengaluru, because Bengaluru is the destination to the IT giants like Wipro, Infosys, and whatnot.
Bangalore is the IT Hub and also the center of startups, every day a new idea comes for business with the dedication and passion to make it big. So the investors are also showing their interests in those startups’ ideas to provide them the funds.
Ease of Business
All the top talent believe that Bengaluru is the place to fulfill the dreams. Services. Entrepreneurship in Bengaluru is the most attractive one because of the infrastructure. Also, the eco-system that has the talent, investors, research and development, huge competition, and of course, the excellent weather condition.
While Unlimited Liability Entities such as partnerships were easy to register but they suffered the disadvantage of unlimited liability. Thus there was a need for a single entity that could combine the advantages offered by both these forms of organizations.
LLP registration is easier with post registration compliances less in comparison to a body corporate and unlike partnership where liability is unlimited LLPs limit the liability of partners to the extent of their capital contribution. Also LLP is more preferred by VCs if one wants to go for funding.