Why LLP Formation & Registration Required?
What do we understand by LLP Registration in Mumbai? It is to be noted that Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. Very first idea 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. In today’s economy, LLP is considered as one of the easiest types of business to incorporate and manage in India. Also with an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Micro and Small businesses that are family-owned or closely-held. What is the difference between a Private Limited Company and a LLP? The difference can be drawn considering the following important aspects: - Cost: The cost for the incorporation of a private limited company or an LLP is the same. - Features: Both LLP and Private Limited Company offers more of the less the same features...