In India, the formation of a Limited Liability Partnership (LLP) is governed by the Limited Liability Partnership Act, 2008. An LLP combines the features of a partnership and a company, offering limited liability to its partners while allowing flexibility in management. To form an LLP, certain eligibility criteria must be met. Here are the key requirements:
Benefits of LLP Formation
- Limited Liability Protection:
- Separate Legal Entity:
- Flexibility in Management:
- Pass-Through Taxation:
- No Minimum Capital Requirement:
- Less Compliance and Administrative Burden:
- Partnership Flexibility:
- Attractive for Professional Services:
- Continuity of Existence:
- Protection of Partners’ Interests:
Special Note: – KIP group provides many other services to our clients to grow easily like start up benefits that helps to grow their business and stability also. Like start up benefits, subsidies for many businesses, also helps to reach government tenders and many more benefits. Special benefits for accounting/ accounting supervision services with GST registration.
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